Venmo Fees Overview
Unraveling the Fine Print: Overview of All Venmo Fees
Last updated
Unraveling the Fine Print: Overview of All Venmo Fees
Last updated
Standard peer-to-peer transfers take one to three business days and are free.
Instant transfers cost 1.75% of the amount transferred, with a minimum fee of $0.25 cents and maximum fee of $15.
Venmo, a peer-to-peer money transfer app, is a low-cost option for businesses looking to accept contactless payments. Business owners can register for a business account attached to their personal Venmo account. Once set up, sellers can receive payments with their username, integrated Shopify and PayPal checkout, or a unique QR code.
Venmo charges a fee of 1.9% plus 10 cents per transaction. Unlike Zelle, Venmo doesn’t offer free instant transfers. However, Venmo does facilitate returns and offer free one-to-three-day transfers.
| Transaction Type | Rate | Fee |
|---|---|---|
Standard Transaction
1.9%
$0.10
Tap to Pay Transactions
2.29
$0.10
Credit Card Transaction
3%
