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Venmo Fees

Venmo is a peer-to-peer money transfer app. Here's a break down of all Venmo's fees.

Venmo Personal

  • Standard peer-to-peer transfers take one to three business days and are free.
  • Instant transfers cost 1.75% of the amount transferred, with a minimum fee of $0.25 cents and maximum fee of $15.

What is Venmo Business?

Venmo, a peer-to-peer money transfer app, is a low-cost option for businesses looking to accept contactless payments. Business owners can register for a business account attached to their personal Venmo account. Once set up, sellers can receive payments with their username, integrated Shopify and PayPal checkout, or a unique QR code.

How much are Venmo Business fees?

Venmo charges a fee of 1.9% plus 10 cents per transaction. Unlike Zelle, Venmo doesn’t offer free instant transfers. However, Venmo does facilitate returns and offer free one-to-three-day transfers.
Transaction Type
Text
Text
Standard Transaction
1.9%
$0.10
Credit Card Transaction
3%
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