Venmo Fee Calculator
Venmo's goods & services seller fee plus instant transfer cost -- see your net.
Net Payout
Venmo's seller fee only applies to goods & services payments
A standard Venmo payment between friends (marked personal, not a purchase) is free -- no fee to send or receive. The fee only kicks in when a payment is marked goods & services, which gives the buyer purchase protection and is what Venmo requires (and what a buyer should choose) when paying for an actual item or service: sellers are charged 1.9% plus a fixed $0.10 on that payment.
Venmo is a subsidiary of PayPal, and its goods & services fee structure is deliberately lower than PayPal's own 3.49% + $0.49 rate -- a meaningful difference for small sellers who qualify to use Venmo for business (Venmo requires a business profile for regular commercial selling, per its terms).
Getting your balance out works the same way as PayPal: a standard transfer to a linked bank account takes 1-3 business days and is free, while an instant transfer to a debit card or eligible bank costs about 1.75% of the amount, floored at $0.25 and capped at $25.
Where these numbers come from
The formulas and default values in this calculator are based on:
- Venmo's publicly published fee schedule for 2025-2026: goods & services seller fee of 1.9% + $0.10 per transaction
- instant transfer fee of 1.75% (minimum $0.25, maximum $25)
- standard bank transfers remain free. Personal (friends & family) payments are not charged a fee
Platform fee schedules change. These are planning estimates based on the most recently published rates -- always confirm the current fee schedule on the platform itself before relying on the exact number for a real payout.
Frequently asked questions
Is Venmo cheaper than PayPal for the same sale?
For a standard goods & services payment, yes -- Venmo's 1.9% + $0.10 is lower than PayPal's 3.49% + $0.49 for most sale amounts. Venmo is owned by PayPal but markets itself toward smaller, peer-to-peer-style commerce.
Do I have to mark a payment as goods & services?
If you're selling something, yes -- Venmo's terms require using goods & services for purchases, which is also what gives the buyer purchase protection. Marking a real sale as a personal payment to avoid the fee violates Venmo's terms and leaves both sides without protection.
Does the instant transfer fee change based on payment type?
No -- the 1.75% instant transfer fee (with its $0.25 minimum and $25 cap) applies the same way regardless of whether the underlying balance came from a goods & services sale or a personal payment.
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