Venmo for business means a free business profile that lets customers pay you, at a cost of 1.9% + $0.10 on every payment. Here is how to set one up, what it really costs at your volume, the rules on using a personal account, and how to invoice clients properly so you get paid on time.
Venmo charges 1.9% + $0.10 on every goods & services payment you receive. On $1,000 that's $19.10 gone — and it adds up fast across a month of invoices. See what it costs you
A Venmo business profile lets you accept payments and shows up in search, but every payment is charged the 1.9% + $0.10 seller fee. Personal accounts are free for friends-and-family, but using them for business breaks Venmo's terms and risks a freeze.
Send clients your Venmo handle or a payment request for the exact amount. For anything more than a quick job, send a proper invoice so there's a record of what was billed and when.
Put a free rail — bank transfer or PayID — on the same invoice. Most clients happily pick the free option, and you avoid the Venmo fee entirely while still offering Venmo for the ones who prefer it.
Venmo issues a 1099-K once you cross the reporting threshold. Sending invoices and receipts keeps your income documented and makes tax season painless.
Yes. Venmo takes 1.9% + $0.10 from every goods & services payment or payment to a business profile. There's no monthly fee — the cut is taken from each payment you receive.
A business profile is built for accepting payments (it can be searched, tagged, and is allowed for commercial use) but charges the 1.9% + $0.10 seller fee. A personal account is free but is only meant for friends-and-family transfers; using it for business can get it frozen.
Give clients a free way to pay alongside Venmo. If your invoice also shows a bank transfer or PayID, clients can pay you directly at no cost — and you keep the full amount. InvoiceSonic puts every payment method on every invoice for free.
Partly. Venmo business profiles can send payment requests in the app, which Venmo also calls invoices, and a request can include sales tax. Venmo doesn't document line items, invoice numbers, due dates or PDF downloads, so most businesses send an itemised invoice (with the Venmo handle as one way to pay) and use Venmo only to collect.
In the Venmo app, open Settings and choose Create a business profile. Pick a business name and category, link your bank account, and your profile is live in a few minutes. It's free to open — you only pay when you're paid, at 1.9% + $0.10 per payment. Put the new handle on your invoices and you're set.
Yes — customers can pay your business profile from a linked card, their bank, or their Venmo balance, and it arrives as a normal payment with the same 1.9% + $0.10 seller fee. On personal accounts it works differently: the sender pays a 3% surcharge for card-funded payments.
Opening a business profile is free, but receiving money isn't — every payment to a business profile costs 1.9% + $0.10. Friends-and-family transfers are free, but running a business through a personal account breaks Venmo's terms and can get the account frozen. The free alternative is listing a bank transfer or Zelle on your invoice alongside Venmo.
Not for selling to people you don't personally know. Venmo's user agreement says personal accounts may not be used for business, commercial or merchant transactions. If a buyer tags a payment to a personal account as goods and services, Venmo charges you 2.99%, more than the 1.9% + $0.10 business profile rate.
Yes. Venmo Purchase Protection covers eligible payments sent to business profiles and payments tagged as goods and services. That protects your customer, so keep invoices and proof of delivery in case a payment is disputed.
A standard transfer to your bank is free and takes 1 to 3 business days. An instant transfer costs 1.75% (minimum $0.25, maximum $25). Venmo's fees page has the current rates.
Mobile payment methods compared · Venmo fee calculator · Venmo invoice generator · Cash App for business · Zelle for business