Welcome to our Venmo Fee Calculator! This tool helps you quickly and easily estimate the fees associated with various transactions on Venmo. Whether you’re sending money to friends, receiving payments for goods and services, or buying and selling cryptocurrencies, our calculator provides an accurate estimate based on Venmo’s current fee structure.
Calculate Venmo Fee
Venmo Fee Calculator
How to Use the Venmo Fee Calculator
- Select Transaction Type: Choose the type of transaction you’re planning to make from the dropdown menu. Options include sending money, receiving payments, ATM withdrawals, and more.
- Enter Amount: Input the amount of money you wish to send, receive, or transfer.
- Calculate Fee: Click on the “Calculate Fee” button to see the estimated fee for your transaction.
- Reset: Click the “Reset” button to clear the fields and start a new calculation.
Venmo Fee Structure
Reference/Source: Venmo
Note: We are not associated, affiliated, or connected to Venmo in any way.
General Fees
| Service | Fee |
|---|---|
| Monthly Fee | $0 |
| Per Purchase Fee | $0 |
| ATM Withdrawal Fee | $0 in-network, $2.50 out-of-network |
| Add Cash at Stores | $3.74 |
| ATM Balance Inquiry Fee | $0 |
| Customer Service Fee | $0 (automated or live agent) |
| Inactivity Fee | $0 |
Sending and Receiving Money
| Service | Fee |
|---|---|
| Sending Money to People | |
| – Using balance/debit card/bank | $0 |
| – Using credit card | 3.00% |
| Visa+ (Sending to PayPal digital wallets or to other eligible digital wallets) | |
| – Using balance | $0 |
| Instant Transfer | 1.75% (min. $0.25 / max. $25) |
Adding Money to Account
| Service | Fee |
|---|---|
| Bank Account Transfer | $0 |
| Receive Personal Payments from Venmo Users | $0 |
| Receive Merchant Refund | $0 |
| Receive Money Using Direct Deposit | $0 |
| Cash a Check (Payroll/Government Checks) | 1.00% (min. $5) |
| Cash a Check (Other Checks) | 5.00% (min. $5) |
| Receive Payments for Goods and Services | 2.99% |
| Receive Payments in Charity Profile | 1.9% + $0.10 |
| Receive Payments in Business Profile | |
| – General | 1.9% + $0.10 |
| – Tap to Pay | 2.29% + $0.09 |
| Receive Business Profile Promotional Payments | 2.9% + applicable business profile fee |
Transferring Money from Account
| Service | Fee |
|---|---|
| Electronic Withdrawal (Standard) | $0 |
| Electronic Withdrawal (Instant Transfer) | 1.75% (min. $0.25, max. $25) |
Cryptocurrencies
| Service | Fee |
|---|---|
| Buying/Selling Cryptocurrencies | |
| – $1.00 – $4.99 | $0.49 |
| – $5.00 – $24.99 | $0.99 |
| – $25.00 – $74.99 | $1.99 |
| – $75.00 – $200.00 | $2.49 |
| – $200.01 – $1000.00 | 1.80% |
| – Over $1000 | 1.50% |
| Receiving Cryptocurrency Transfer | $0 |
| Transferring Cryptocurrency to Venmo/PayPal Account | $0 |
| Transferring Cryptocurrency Outside Venmo/PayPal | Varies (paid in cryptocurrency) |
Venmo Mastercard® (Optional)
| Service | Fee |
|---|---|
| Venmo Debit Card Acquisition | $0 |
| ATM Withdrawal (In-Network) | $0 |
| ATM Withdrawal (Out-of-Network) | $2.50 |
| Over-the-Counter Cash Withdrawal | $3.00 |
| Automatic Reloads Using Bank Account | $0 |
| Venmo Debit Card Replacement | $0 |
FAQs:
Q1. What is Venmo?
Venmo is an American mobile payment service that lets you send and receive money from friends (https://venmo.com/). It’s popular for splitting bills, paying rent, or sending quick gifts.
Q2. How does Venmo work?
Venmo works via a mobile app. Once you set up your account on the app, you can link your bank account, debit card, or credit card to your account.
To send money, you simply search for the recipient’s username or scan their QR code and enter the amount.
Q3. Is Venmo safe and secure to use?
Venmo (owned by PayPal since 2013) is safe to use as it uses encryption to protect your financial information. However, like any online service, it’s important to be cautious. Be mindful of who you send money to and avoid sharing your login credentials.
Q4. Are there any fees associated with using Venmo?
Sending and receiving money between friends with a bank account or debit card is free.
Using a credit card incurs a 3% fee.
There may also be fees for instant transfers (withdrawing money to your bank quickly).
You can calculate fees associated with Venmo using our calculator above or referring to Venmo fee structure.
Q5. How do I set up a Venmo account?
You can download the Venmo app for iOS or Android and follow the on-screen instructions to create an account.
Q6. Can I link multiple bank accounts or cards to my Venmo account?
Yes, you can link multiple bank accounts, debit cards, and even a Venmo Mastercard to your account.
Q7. How do I add money to my Venmo account?
You can add money to your Venmo account from a linked bank account, debit card, or credit card (with a 3% fee).
Q8. How do I withdraw money from my Venmo account?
You can withdraw money from your Venmo account to your linked bank account. Standard transfers are free, but instant transfers may incur a fee. You can also use the Venmo debit card with withdraw from ATMs (fee may include).
Q9. Can I make international transactions with Venmo?
No, Venmo is currently limited to transactions within the United States.
Q10. What should I do if my Venmo account is frozen or restricted?
If your Venmo account is frozen or restricted, contact Venmo customer support to inquire about the reason and how to resolve the issue.
Q11. How much does Venmo charge for instant transfer of $500?
The fee for an instant transfer depends on your bank and the amount you’re transferring.
However, the general fee would be $1.75 for a $500 transfer.
You may calculate the fee using our Venmo fee calculator above or refer the official resource : Venmo fees
Disclaimer: This calculator is based on Venmo’s fee structure and is designed to provide an estimate of fees for various transactions. Please note that Venmo’s fees may change from time to time, and the actual fees charged may vary. This tool is not associated, affiliated, or connected with Venmo in any way. For the most accurate and up-to-date fee information, please refer to Venmo’s official website and resources.