Fee Amount $
Final Amount $
How to Use the Venmo Fee Calculator
- Input the amount you wish to transact.
- Choose the Transaction type from the available options.
- The calculator will instantly determine and display the applicable Venmo fee, as well as the final amount post-deduction of the fee.
Venmo Fee Structure
Venmo, the peer-to-peer mobile payment service, has a specific fee structure for various types of transactions. These fees can range from zero for certain transactions to a percentage of the transaction amount for others.
The table below provides a detailed breakdown of these fees, helping you understand what you might be charged for different types of transactions on Venmo.
| Transaction Type | Fee |
|---|---|
| Opening or Holding an Account | $0.00 |
| Spending or Sending Money (using credit card) | 3% |
| Spending or Sending Money (using Venmo balance, debit card, or bank) | $0.00 |
| Adding Money to Your Account (most methods) | $0.00 |
| Adding Money to Your Account (certain check deposits) | 1.00% or 5.00% (minimum $5 fee) |
| Transferring Money from Your Account (standard) | $0.00 |
| Transferring Money from Your Account (Instant Transfer) | 1.75% (minimum $0.25 fee, maximum $25 fee) |
| Buying or Selling Crypto | Varies based on purchase or sale amount |
Note: These fees are subject to change, and for the most accurate information, it’s recommended to check the official Venmo website*
Why use Venmo Fee Calculator?
FintechHop Venmo fee calculator is useful because it
- Provides accurate fee calculations for transactions.
- Helps save money by comparing fees.
- Offers transparency to avoid unexpected fees.
- Assists in financial planning and budgeting.
Venmo Seller Fee Calculator
The Venmo Fee Calculator serves as a versatile tool that can be utilized as a Venmo Seller Fee Calculator as well.
Users can easily transform the calculator into a seller-focused tool by selecting the “Receive money” option in the drop-down menu labeled “Select Transfer Type.” By doing so, sellers can accurately assess the fees associated with receiving payments for their goods or services through Venmo.
This feature empowers sellers to make informed decisions about pricing, allowing them to calculate the net amount they will receive after deducting the applicable fees. With the Venmo Fee Calculator’s seller functionality, sellers can effectively plan their finances, optimize their earnings, and ensure fair compensation for their offerings, all within the convenience of a single tool.
Frequently Asked Questions
How do I calculate my Venmo fee?
To calculate your Venmo fee, you can follow these steps:
1. Input the amount you wish to transact
2. From the provided choices, select the type of transaction
3. The FintechHop calculator will instantly determine and display the applicable Venmo fee, as well as the final amount post-deduction of the fee.
How much does Venmo charge for fees?
Venmo charge fees:
1. Spending or Sending Money (credit card): 3%
2. Adding Money (certain check deposits): 1.00% or $5 minimum fee
3. Transferring Money (Instant Transfer): 1.75% or $0.25 minimum fee, $25 maximum fee
4. Buying/Selling Crypto: Varying fee percentages
How much does Venmo charge for $250?
Venmo charges 1.75% on transferring Money from your account (Instant Transfer) so, it would charge $4.375 as 1.75% of $250
Does Venmo charge a fee for $1000?
Venmo applies different fees based on the type of transaction:
1. Spending or sending money using a credit card incurs a 3% fee.
2. Adding money to your account through certain check deposits carries a fee of 1.00% or a minimum fee of $5.
3. Transferring money from your account with Instant Transfer results in a fee of 1.75%, with a minimum fee of $0.25 and a maximum fee of $25.
4. Buying or selling cryptocurrency involves varying fee percentages.
What is Venmo Instant Transfer Fee?
Venmo Instant Transfer Fee is a fee charged by Venmo for utilizing the Instant Transfer feature, which allows users to transfer funds from their Venmo account to their linked bank account instantly. The fee for Venmo Instant Transfer is 1.75% of the transferred amount, with a minimum fee of $0.25 and a maximum fee of $25. This fee is deducted from the transferred amount before it is credited to the user’s bank account.