Venmo fee calculator
How much does Venmo charge a business to receive a payment?
Venmo charges 1.9% + $0.10 on each payment sent to a business profile, and 2.29% + $0.09 when the customer pays with Tap to Pay. On a $100 payment that is $2.00, so you keep $98.00. If you take a payment on a personal account and the sender marks it as goods and services, the seller fee is 2.99% ($2.99 on $100). Moving the money to your bank is free with a standard transfer; Instant Transfer costs 1.75% (min $0.25, max $25).
| Venmo fee on the payment | $2.00 |
| Lands in your Venmo balance | $98.00 |
| Reaches your bank (standard transfer, no fee) | $98.00 |
| Total fees as % of the payment | 2.00% |
| Charge this to receive $100.00 in Venmo | $102.04 |
US Venmo, payment in US dollars. Personal payments from friends and family that are not marked goods and services have no fee, but they are not meant for business sales. Excludes Venmo checkout through PayPal (see the PayPal calculator), cash-a-check, crypto and card fees. Runs in your browser; nothing is sent anywhere.
Last verified October 27, 2026 against Venmo: Our fees. Fee change tracker · How we verify
Venmo fees by payment amount
| Payment | Business profile (1.9% + $0.10) | Tap to Pay (2.29% + $0.09) | Personal, goods and services (2.99%) |
|---|---|---|---|
| $25 | $0.57 | $0.66 | $0.75 |
| $50 | $1.05 | $1.24 | $1.49 |
| $100 | $2.00 | $2.38 | $2.99 |
| $250 | $4.85 | $5.81 | $7.47 |
| $500 | $9.60 | $11.54 | $14.95 |
Fees on the payment only. Add the Instant Transfer fee if you need the money in minutes.
What to charge to receive a set amount
Divide what you want to keep plus the fixed fee by one minus the percentage: (amount you want + $0.10) ÷ (1 − 1.9%). To receive $100 on a business profile, charge $102.04. Before adding a surcharge to customers, check the rules where you work and Venmo's own terms.
Venmo vs other ways to get paid
For in-person jobs, compare Venmo's 2.29% + $0.09 Tap to Pay rate with Square's 2.6% + 15¢ on the free plan (Square fee calculator). For invoices and card payments online, see the PayPal and Stripe calculators. Whatever you use, payment apps can send you a Form 1099-K; the 1099-K threshold checker explains when.
Questions
What is the Venmo business fee?
Venmo lists 1.9% + $0.10 per payment received in a business profile, except Tap to Pay payments, which are 2.29% + $0.09. On $100 that is $2.00 or $2.38.
Does Venmo charge for goods and services on a personal account?
Yes. Venmo charges the seller 2.99% when a payment to a personal account is marked by the sender as for goods and services. Personal payments from friends and family that aren't marked that way have no fee.
Does Venmo charge to transfer money to my bank?
Standard transfers are free and typically arrive in 1 to 3 business days at a linked bank account. Instant Transfer costs 1.75% (min $0.25, max $25) of the amount moved.
How do I avoid Venmo fees?
You can't avoid the fee on business payments; you can only choose how you get paid and price for it. A standard (not instant) transfer avoids the cash-out fee. Use the 'charge this to receive' line to price the fee in, if surcharging is allowed where you work.
Will Venmo send me a 1099-K?
Payment apps must send a Form 1099-K when goods and services payments through that platform total over $20,000 in more than 200 transactions, and may send one for less, according to the IRS. All business income is reportable either way. This is general information, not tax advice.
General information, not tax, legal or accounting advice. Rates change: check the linked official source before you rely on a number. Not yet reviewed by a CPA or EA.
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