Venmo Fee Calculator 2023
Are you tired of paying unexpected fees when using Venmo to send and receive money from friends and family or for business? Don't worry! Our Venmo Fee Calculator is here to help!
Simply enter the amount of your transaction, select transaction type and we'll instantly calculate the cost of using the Venmo service. It doesn't matter whether you're paying with a debit or credit card, using an instant transfer, or receiving payment for business, our calculator will provide you with a clear breakdown of all applicable fees for every type of Venmo transaction. Stay on top of your finances and avoid surprise charges with our easy-to-use and user-friendly Venmo Fee Calculator!
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Venmo fee calcluator 2023
Venmo is a popular peer-to-peer payment processing service company that helps people to send and receive payments online. Venmo charges fees for certain types of transactions, including transactions for goods and services, sending money using a credit card, and merchant/business transactions. To calculate the fee for any type of transaction on Venmo, you can use this Venmo fee calculator.
Why Newisty Venmo fee calculator is very important
Newisty Venmo fee calculator is a helpful tool for users to understand the cost of using Venmo service. This Venmo fee calculator tool is very important because Venmo charges fees for certain types of transactions, such as credit card payments, merchant/business fees, or instant transfers.
By using the Newisty Venmo fee calculator, users can determine the cost of using the Venmo payment service before they make a payment or receive a payment, which can help them budget for their transactions and avoid unexpected fees.
This Venmo Fee Calculator is the best thing since free pizza!
Venmo fee Structure
Account Open / Monthly Fee
| Transaction Type | Venmo Fees |
| Account Create / Monthly Fee | Free |
Send Money Fee
| Transaction Type | Venmo Fees |
| Sending money to people (using your credit card) |
3% |
| Online purchases / Sending money to people (using your balance/debit card/bank) |
Free |
Adding money / Receive Money Fee
| Transaction Type | Venmo Fees |
| Adding money using cash a check feature (faster check deposits, payroll and government checks) | 1.00% (minimum $5 fee) |
| Adding money using cash a check feature (faster check deposits, all other accepted check types) | 5.00% (minimum $5 fee) |
| Receive payments in your business profile, in your charity profile, or that are identified as for goods and services (Venmo Merchant Fees) | 1.9% + $0.10 |
Transferring money Fee
| Transaction Type | Venmo Fees |
| Electronic withdrawal (standard) |
Free |
| Electronic withdrawal (Instant Transfer) |
1.75% (minimum $0.25 fee, maximum $25 fee) |
Buying or selling cryptocurrencies Fee
| Transaction Type | Venmo Fees |
| $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% |
| Above $1000 | 1.50% |
How to calculate Venmo fees (All types of transactions fee)
Step 1: Enter your transaction amount
Step 2: Select your Venmo Transaction Type
Step 3: Scroll down and you will see your fees with the fees structure based on your amount and the amount that you will receive.
Venmo Fees and Calculator related FAQ's
How much is the Venmo instant transfer fee?
Venmo instant transfer fee is 1.75% (minimum $0.25, maximum $25).
How much is the Venmo merchant/business fee?
Venmo merchant/business fee is 1.9% + $0.10.
What is the Venmo goods and services fee?
Venmo goods and services fee is 1.9% + $0.10.
Using this Venmo Fee Calculator, can I calculate Venmo Instant Fee?
Yes, You can calculate all Venmo transaction fees, including the Venmo Instant Fee.
Am I able to calculate Venmo goods and services fees?
Yes, Using Newisty Venmo Fee Calculator, you can calculate all types of Venmo transaction fees, including goods and services fees and Instant Fees.
How do I calculate Venmo fees?
Go to Newisty Venmo Fee Calculator, enter your amount, select your transaction type, and automatically you will find your Venmo fee accurately.
How much does Venmo charge to send $500?
Normally Venmo Sends money free of charge, but if you use a credit card to send money, then you have to pay a 3% fee. So, to send $500 using a credit card on Venmo, you have to pay $15.00 as a Venmo fee.
How do I avoid Venmo fees?
To avoid unexpected Venmo fees, do not use a credit card to send money.
