Choose the Venmo transaction type first — the fee is not the same for every payment. See the exact fee Venmo deducts and your net payout, or reverse the calculation to find what to charge so you receive a target amount.
Venmo does not have one universal seller fee. Pick the row that matches how the money moves.
| Transaction | Published fee | Fee on $1,000 | You keep |
|---|---|---|---|
| Personal account: goods & services | 2.99% | $29.90 | $970.10 |
| Business Profile | 1.9% + $0.10 | $19.10 | $980.90 |
| Tap to Pay (Business Profile) | 2.29% + $0.09 | $22.99 | $977.01 |
| Instant Transfer to bank or debit card | 1.75%; $0.25 min / $25 max | $17.50 | $982.50 arrives |
| Standard transfer to bank account | Free | $0.00 | $1,000.00 |
| Sending with a credit card | 3% paid by the sender | $30.00 | Sender pays it |
| Personal payments from balance, bank or debit card | Free | $0.00 | $1,000.00 |
Fees as published by Venmo, checked 10 September 2026 (fee schedule effective 27 June 2024). Source: Venmo fees.
A client pays a $250 invoice to your Business Profile.
The same payment amount sent to a personal account marked as goods and services costs 2.99%, or about $7.48.
Divide the amount you want, plus the fixed fee, by one minus the percentage. To receive $500 on a Business Profile: ($500 + $0.10) ÷ 0.981 = $509.79. Venmo’s fee on $509.79 is $9.79, leaving exactly $500.
Business Profiles pay a lower percentage than a personal account receiving goods and services, and customers get purchase protection plus a searchable profile. For regular business payments a Business Profile is usually the cheaper route — see Venmo for business. Payments between friends stay free when funded by balance, bank account or debit card.
For larger jobs, send a proper invoice that lists Venmo alongside a direct option like bank transfer or Zelle. Clients can choose what suits them; bank and provider terms still apply. A venmo invoice template also gives you a dated record for tax time — here is how to send an invoice on Venmo. Comparing processors? Use the payment fee calculator or read Stripe fees explained.
Yes. Personal-account goods and services payments are 2.99%; Business Profile payments are 1.9% + $0.10; Tap to Pay is 2.29% + $0.09. Always check Venmo's official fee page before charging a customer.
Offer a direct option such as bank transfer or Zelle on the same invoice. Zelle does not charge a fee, although your bank's eligibility and account terms still apply. InvoiceSonic can show the payment details you choose and does not add its own percentage fee.
When someone pays a personal Venmo account and tags it as goods and services, Venmo charges the seller 2.99% of the payment. Payments to a Venmo Business Profile cost 1.9% + $0.10 instead. On a $100 payment that's $2.99 versus $2.00.
Nothing for a friends-and-family payment from a bank, debit card or Venmo balance. A Business Profile payment costs $2.00 (1.9% + $0.10) and a personal goods and services payment costs $2.99. Instant transfer of $100 to your bank costs $1.75.
A Business Profile payment costs $19.10 and leaves $980.90. A personal goods and services payment costs $29.90 and leaves $970.10.
1.75% of the amount transferred, with a $0.25 minimum and a $25 maximum. Standard transfers to a bank account are free and usually take 1–3 business days.
Only when funding with a credit card (3%). Paying from a Venmo balance, bank account or debit card is free for the sender.