Payable Fee: $0
Amount Left: $0
Total Amount: $0
How to Calculate Venmo Fee?
Venmo is a popular payment app with around 60 million users. It is commonly used for sending and receiving money from friends, family, or other contacts.
Users can also utilize Venmo to pay bills and make online purchases.
A common question about Venmo is whether it is completely free for all transactions. The simple answer is “no.”
Venmo is not entirely free, although certain transaction types, such as standard electronic withdrawals, are completely free of charge.
The Venmo platform offers numerous ways to send, receive, and manage money through credit/debit transactions.
However, finding the fees associated with these transactions can be a complex task.
In order to address this issue, we have developed a user-friendly and mobile-compatible fee calculator for Venmo transactions.
To accurately determine the fee for your specific transaction, simply use the calculator above and follow the instructions provided:
- First of all, select the transaction type. Generally, there are many types of transactions, and select one of them that you want.
- Then enter the amount in USD.
- Now press the calculate button to know the Venmo fee.
- The calculator will show the result in three different lines.
The first line in the result indicates the ‘Payable fee,’ which generally refers to the Venmo fee.
The second line displays the amount remaining, which signifies the amount your recipient will receive after deducting the Venmo fee.
The last line of the result shows the total amount. It means you should send this amount to transfer your desired amount.
For instance, if you wish to withdraw $90 instantly, you will need to remit $91.58, as there is a $1.58 Venmo fee.
Venmo Fee For Different Transactions:
Although most transactions on Venmo are free, there is a fee for certain instant transactions. The table below shows all Venmo transactions and their associated fees. Check it out!
Money Transfer:
Transaction Type | Fee |
Electronic Withdrawal (Instant) | 1.75% |
Electronic Withdrawal (Standard) | Free |
Sending or Spending Money:
Transaction type | Fee |
Online purchase | Free |
Sending Money (using credit card) | 3% fee |
Sending Money (using debit card) | Free |
Venmo Mastercard:
Withdrawing Money from ATM (Associated with Venmo) | Free |
Withdrawing Money from ATM (Non Associated) | $2.50 |
Balance Inquery from ATM (in or out network) | Free |
Cash withdrawal at a bank | $3 |
For Business Transactions:
Transaction Type | Fee |
For (Goods & Services) | 2.9% |
Tap to Pay | 2.29% + $0.09 |
Adding Money:
Adding Money from bank account | Free |
Receiving Money in personal account | Free |
Adding Money via direct deposit | Free |
Cashing a check ( Payroll & other Government checks) | 1% |
Cashing a check ( All other checks types) | 5% |
For Cryptocurrencies:
|
Cryptocurriencies (Buying or Selling) |
Fee |
|
$1.00 – $4.99 |
$0.49 |
|
$5.00 – $24.99 |
$0.99 |
|
$25.00 – $74.99 |
$1.99 |
|
$75.00 – $200.00 |
$2.49 |
|
$200.00 – $1000.00 |
1.80% |
|
>$1000 |
1.50% |
|
|
|
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