Venmo Fee Calculator

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About this tool

This Venmo fee calculator is a valuable tool that helps you figure out the fees you may incur when using Venmo services. You can use this tool before making any significant transaction to get an idea of the exact fee or amount that Venmo will charge.

What is Venmo?

Venmo is a popular mobile payment app in the United States that allows users to send and receive money from friends and family. It is commonly used for splitting bills, making payments, and sharing expenses. Venmo is owned by PayPal and offers a social element to payments, allowing users to add comments and emojis to transactions.

Venmo is well-known for its user-friendly interface and ease of splitting costs like restaurant bills, rent, or group purchases.

How to Calculate Venmo Fees

This tool is very simple to use. Follow these steps to calculate the Venmo fee:

Step 1: Enter the amount you wish to transact.
Step 2: Select the transaction type from the available options.

No further steps are required! The calculator will instantly calculate and display the applicable Venmo fee and the final amount after the deduction of the fee.

Venmo Fee Structure

Venmo charges fees for certain types of transactions, including transactions for goods and services, sending money via a credit card, and merchant/business transactions. Below is a detailed breakdown of these fees:

Account Opening and Holding

Transaction Type Fee
Account Setup FREE
Monthly Fee FREE

Spending or Sending Money

Transaction Type Fee
Online Purchases FREE
Sending Money using Credit Card 3.00%
Sending Money using Other Methods FREE

Adding Money

Transaction Type Fee
Adding Money via cash a check feature (faster check deposits, payroll and government checks) 1.00% (minimum $5 fee)
Adding Money via cash a check feature (faster check deposits, all other accepted checks) 5.00% (minimum $5 fee)
Receive Payments in Business or Charity Profile (for goods and services) 1.9% + $0.10 or 2.29% + $0.09 (whichever is higher)

Money Transfer

Transaction Type Fee
Electronic Withdrawal (Standard) FREE
Electronic Withdrawal (Instant Transfer) 1.75% (minimum $0.25 fee, maximum $25 fee)

Buying or Selling Cryptocurrencies

Purchase/Sale Amount 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
$200.01 - $1000.00 1.80%
Over $1000 1.50%

Cryptocurrency Transfer

Transaction Type Fee
Receiving Cryptocurrency FREE
Transferring Cryptocurrency to Another Venmo or PayPal Account FREE
Transferring Cryptocurrency to an Address Outside Venmo/PayPal Amount Varies

Using Venmo Mastercard

Transaction Type Fee
Venmo Debit Card Acquisition FREE
ATM Withdrawal in MoneyPass Network FREE
ATM Withdrawal in Non-MoneyPass ATM $2.50
ATM Balance Inquiry FREE
Over-the-Counter Cash Withdrawal $3.00
Automatic Reloads Using Bank Account FREE
Venmo Debit Card Replacement FREE

Venmo Visa® & Venmo Visa® Signature Credit Card

Transaction Type Fee
Annual Fee None
Foreign Transaction None
Cash Advances Either $10.00 or 5% (whichever is greater)
Late Payment Up to $41.00
Returned Payment Up to $29.00
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