Venmo charges 2.99% when a personal account receives a payment marked as goods and services, and 1.9% + $0.10 on payments to a business profile. Tap to Pay costs 2.29% + $0.09. On a $100 goods and services payment you receive $97.01.
Venmo fees in 2026
| Situation | Fee | Notes |
|---|---|---|
| Personal account, goods & services payment | 2.99% | When the sender marks it as a purchase |
| Business profile payment | 1.9% + $0.10 | Except Tap to Pay |
| Tap to Pay | 2.29% + $0.09 | In-person payments |
| Instant transfer to your bank | 1.75% | Minimum $0.25, maximum $25 |
| Standard transfer to your bank | Free | |
| Sending with a credit card | 3% | Paid by the sender |
Source: Venmo "Our fees" page, checked October 5, 2026. Venmo's fee table does not show an update date.
Worked examples
| Payment | Venmo fee | You receive |
|---|---|---|
| $100 goods & services (personal) | $2.99 | $97.01 |
| $100 to a business profile | $2.00 | $98.00 |
| $100 by Tap to Pay | $2.38 | $97.62 |
| $500 goods & services + instant transfer | $14.95 + $8.49 | $476.56 |
To receive exactly $100, ask for $103.08 as a goods and services payment or $102.04 on a business profile.
How to work out Venmo fees by hand
For a goods and services payment to a personal account, multiply the amount by 2.99%. For a business profile, multiply by 1.9% and add $0.10. For Tap to Pay, multiply by 2.29% and add $0.09. Subtract the fee from the payment to get what you receive in Venmo. An instant transfer to your bank then takes 1.75% of the amount you move, at least $0.25 and at most $25.
To work backwards from the amount you need on a business profile, add $0.10 and divide by 0.981. To receive $250, ask for ($250 + $0.10) ÷ 0.981 = $254.95.
Common mistakes
- Asking buyers to pay as friends. It avoids the fee but removes purchase protection for both sides on a sale.
- Forgetting the instant transfer fee. On large payouts it can cost almost as much as the payment fee.
- Using a personal account for a regular business. A business profile is cheaper per payment and keeps records separate.
Personal goods & services vs. business profile
A business profile is cheaper per payment (1.9% + $0.10 against 2.99%), and on a $100 payment saves about a dollar. It also keeps your selling separate from personal payments. If you sell often, a business profile usually pays for itself. Payments marked as goods and services on a personal account carry Venmo's purchase protection for eligible transactions, which is why buyers prefer them.
Instant transfers
Standard transfers to your bank are free. Instant transfers cost 1.75% of the amount you move, with a minimum fee of $0.25 and a maximum of $25. On a $500 payout that is $8.49, so if you can wait a day or two, standard transfer keeps more of the sale.
Venmo vs. PayPal and Cash App
Venmo's 2.99% goods and services fee matches PayPal's Goods and Services rate. Business payments are cheapest on Venmo at 1.9% + $0.10, compared with 2.6% + $0.15 on Cash App Business. For PayPal invoices and checkout, see the PayPal fee calculator.
Frequently asked questions
What is the Venmo fee for goods and services?
2.99% when a personal account receives a payment the sender marks as goods and services. Business profiles pay 1.9% + $0.10 per payment.
How much is a Venmo instant transfer?
1.75% of the amount, with a minimum fee of $0.25 and a maximum of $25. Standard transfers are free.
Is a Venmo business profile cheaper?
Yes. It costs 1.9% + $0.10 per payment, compared with 2.99% for goods and services payments to a personal account.
How much should I ask for to receive $100 on Venmo?
$103.08 for a goods and services payment to a personal account, or $102.04 on a business profile.