About the Venmo Business Fee Calculator
This Venmo fee calculator shows what Venmo deducts when you get paid for something you sell, and what is left after you move the money to your bank. Choose whether the payment arrives as a goods-and-services payment to a personal account, a payment to a business profile, or a Tap to Pay business payment, and optionally add the instant transfer fee for getting the money out in minutes.
It is meant for side hustlers, small sellers, tutors, dog walkers and anyone using Venmo to get paid. The reverse figure tells you how much to request so that, after Venmo’s fee, you receive exactly the amount you want — useful when you agree on a price in advance.
Rates are Venmo’s published US fees as reviewed in October 2026: 2.99% for goods-and-services payments received in a personal account, 1.9% + 10¢ for business profile payments, 2.29% + 9¢ for Tap to Pay, and 1.75% (minimum 25¢, maximum $25) for an instant transfer. Standard bank transfers are free and usually arrive in 1–3 business days.
With the default inputs, the venmo seller fee is $2.99. Change any value above to recalculate instantly.
How to use the venmo business fee calculator
- 1Enter the payment amount.
- 2Choose how the payment is sent — goods and services, business profile or Tap to Pay.
- 3Turn on instant transfer if you plan to cash out immediately.
- 4Read the fees and what reaches your bank, or use the request amount to cover the fee.
Formula and method
Venmo deducts its seller fee from each qualifying payment as a percentage r of the amount plus a fixed fee f (zero for personal goods-and-services payments). The money left in your Venmo balance is the amount minus that fee.
If you move the balance to your bank instantly, Venmo charges 1.75% of the amount transferred, never less than 25¢ and never more than $25. A standard transfer is free. To receive a set amount in Venmo after the seller fee, request (A + f) ÷ (1 − r); simply adding the fee on top is not enough because the percentage also applies to the extra amount.
- A
- Payment amount
- r
- Seller fee percentage as a decimal
- f
- Fixed fee per payment
Worked examples
$100 goods-and-services payment
A $100 goods-and-services payment to a personal account costs 2.99%, or $2.99, leaving $97.01. A standard transfer is free, so $97.01 reaches the bank. Requesting $100 ÷ 0.9701 = $103.08 would leave the full $100.
$250 business profile payment with instant transfer
The business profile fee is 1.9% + 10¢: $4.75 + $0.10 = $4.85, leaving $245.15. Transferring instantly costs 1.75% of that, $4.29, so $240.86 lands in the bank — total fees of $9.14, or 3.66%.
Small $10 sale with instant transfer
The 2.99% fee on $10 is 30¢, leaving $9.70. 1.75% of $9.70 would be 17¢, but the instant transfer minimum is 25¢, so $9.45 reaches the bank and fees eat 5.5% of the sale.
Frequently asked questions
How much does Venmo charge for goods and services?+
When a buyer marks a payment as goods and services to your personal Venmo account, Venmo deducts a 2.99% seller fee (US rate reviewed October 2026). The fee comes out of the payment you receive, so a $100 payment leaves $97.01 in your Venmo balance.
What is the Venmo business profile fee?+
Payments to a Venmo business profile cost the seller 1.9% + $0.10 per transaction, or 2.29% + $0.09 for in-person Tap to Pay payments. Creating a business profile is free.
How much is the Venmo instant transfer fee?+
Instant transfers to an eligible debit card or bank account cost 1.75% of the amount, with a minimum fee of $0.25 and a maximum of $25. Standard transfers are free and usually take 1–3 business days.
Is it free to send money to friends on Venmo?+
Sending money to friends and family is free when funded by your Venmo balance, bank account or debit card. Funding a payment with a credit card adds a 3% fee to the sender.
Should I use goods and services for sales?+
Yes. Venmo’s terms require payments for goods or services to be marked that way, and only those payments are eligible for Venmo’s purchase protection. Using friends-and-family payments for sales can lead to account limits.
Results are estimates for educational purposes and are not financial advice. Rates, fees and terms vary — confirm with your lender or a licensed advisor before making decisions.
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