Venmo Fee Calculator

What is the Venmo Fee Calculator

The Venmo Fee Calculator is a free online tool that helps you estimate Venmo transfer fees based on your transaction type. Whether you're sending money instantly, receiving payment for goods and services, or using a standard bank transfer, this tool gives you a clear breakdown of fees and net payouts.

How to Use the Venmo Fee Calculator

Follow these simple steps to calculate your Venmo fees instantly:

• Select Transaction Type: Use the dropdown to choose your transfer type.
• Enter Amount: In the “Enter Amount” field, input the total amount you plan to send or withdraw via Venmo.
• Click "Calculate": Hit the black “Calculate” button to compute the applicable Venmo fees.
• Review the Results: Once calculated, you’ll see
  • Payable Fee: The Venmo fee for your selected transaction type
  • Amount Left: The amount you’ll receive after the fee deduction
  • Amount to Pay: How much the sender should pay to ensure you receive the intended amount after fees
• Use Copy Buttons: Need the numbers elsewhere? Click the clipboard icon next to each field to quickly copy the values.
• Reset Anytime: Click “Reset” to clear the form and start a new calculation.

What are the different transaction types supported?

Adding Money

• Adding money from Linked Bank (in your Venmo account): You can add funds directly from a linked bank account to your Venmo balance. This is typically free and takes 3–5 business days.
• Receiving money in your personal account: When someone sends you money through Venmo, the amount appears in your personal Venmo balance, ready to be used or transferred.
• Adding money via Direct Deposit: Venmo allows you to set up direct deposit for paychecks, government benefits, or other payments straight into your Venmo balance.
• Cashing a Check (Faster Check Deposits, Payroll & Government Checks): Using the Venmo app, you can deposit payroll and government checks quickly. Some faster check deposits may include a fee.
• Cashing a Check (Faster Check Deposits, all other accepted Check Types): Deposit personal, business, and other eligible checks through the Venmo app. Faster access may come with a fee.

Business Transactions

• Receive payments in your business, charity, or personal Venmo account (Goods and Services): Venmo charges a seller transaction fee (1.9% + $0.10) when payments are marked as goods and services, ensuring buyer protection.
• Receive payments in your business profile through Tap to Pay: If you have a Venmo Business Profile, you can accept in-person payments using Tap to Pay on your mobile device.

Cryptocurrencies

• Buying or Selling Cryptocurrencies: Venmo supports trading popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Fees vary based on the size of the transaction.

Money Transfer

• Electronic Withdrawal (Instant): Transfer money instantly from Venmo to your linked bank account or eligible debit card. This has a 1.75% fee (minimum $0.25, maximum $25).
• Electronic Withdrawal (Standard): Standard transfers to a linked bank account are free and usually take 1–3 business days.

Sending or Spending Money

• Doing online purchase: You can use your Venmo account to pay online at approved merchants that accept Venmo at checkout.
• Send Money to People (using credit card): Send money to friends or family using a linked credit card. Venmo charges a 3% fee for this option.
• Send Money to People (using your balance/debit card/bank): Send money using your Venmo balance, linked debit card, or bank account. This option is free of charge.

Venmo Mastercard

• Withdrawing money from ATM (associated with Venmo): Use your Venmo Mastercard at ATMs in Venmo’s approved network. Fees may be lower for in-network withdrawals.
• Withdrawing money from ATM (NOT associated with Venmo): Withdraw cash from ATMs outside Venmo’s network. Additional fees apply both from Venmo and the ATM provider.
• Balance Inquiry from ATM (in or out network): Check your Venmo balance at any ATM. Some ATMs may charge an inquiry fee.
• Cash Withdrawal at a Bank or Financial Institution: Use your Venmo Mastercard to withdraw cash directly at a bank counter. This usually incurs a fee

What is the Purpose of the Venmo Fee Calculator?

• Calculate Instant Transfer Fee: Quickly find out how much Venmo charges for an instant transfer
• Estimate Goods & Services Fee: See the deduction Venmo applies for business or seller transactions
• Know Your Net Amount: Understand how much will be deducted from your payment before you receive it
• Reverse Fee Calculation: Determine how much someone should send so you get the exact amount you want

How Are Fees Calculated in the Venmo Fee Calculator?

The tool uses the most up-to-date Venmo fee structure, including:

• Instant transfers are charged 1.75 percent of the total amount
  • Minimum fee: $0.25
  • Maximum fee: $25.00
• Goods and services transactions have a fee of 1.9 percent plus $0.10

The calculator functions as both a Venmo instant transfer fee calculator and a Venmo goods and services fee calculator, making it accurate for a variety of use cases.

What Are the Features of the Venmo Fee Calculator?

Here’s what makes this tool helpful:

• Real-time Fee Calculation: Instantly calculates Venmo transfer fees
• Easy-to-Use Interface: Clean design with clear, accurate results
• Multiple Transaction Types: Supports different Venmo payment scenarios
• Detailed Breakdown: Shows fee, remaining balance, and total payable amount
• Quick Actions: One-click copy buttons for faster use
• Free & Browser-Based: Works entirely online with no installation needed

Use Cases of the Venmo Fee Calculator

• For Freelancers: Quickly calculate fees on client payments to know your exact earnings
• For Online Sellers: Estimate net revenue after applying the Venmo goods and services fee
• For Everyday Users: Check the Venmo instant transfer fee before cashing out to a bank
• For Anyone: Use a quick, accurate Venmo transfer fee calculator without hassle

Frequently Asked Questions (FAQs)

What is the Venmo instant transfer fee?

The Venmo instant transfer fee is 1.75% of the amount being transferred to your bank, with a minimum fee of $0.25 and a maximum of $25.

How much does Venmo charge for goods and services?

Venmo charges 1.9% + $0.10 for transactions marked as goods and services. This fee is deducted from the seller’s payout.

Can this tool be used as a Venmo instant transfer fee calculator?

Yes! Simply enter your amount, choose "Electronic Withdrawal (Instant)," and the Venmo instant transfer fee calculator will give you the exact fee and payout.

Does the Venmo calculator also show how much someone needs to send?

Absolutely. The "Amount to Pay" field tells you how much the sender must transfer so the receiver gets the exact desired amount after Venmo fees.

Is this Venmo fee calculator secure?

Yes. The tool processes everything within your browser. No data is saved, stored, or transmitted.

How much does venmo charge for instant transfer of $500

If you choose Venmo’s Instant Transfer option for sending $500 to your eligible bank account or debit card, the fee is 1.75% of the amount, capped between $0.25 (minimum) and $25 (maximum).

How much does venmo charge for instant transfer

Venmo’s Instant Transfer fee is 1.75% of the transfer amount, with a minimum charge of $0.25 and a maximum fee cap of $25 per transfer.