Venmo business fee calculator
To receive $300.00 on a Venmo business profile, charge $305.92. Venmo keeps $5.92 at 1.9% + $0.10.
Venmo business profile: 1.9% + $0.10.
- Fees on this payment$5.92
- You receive$300.00
- Fees as a share of the invoice1.94%
The numbers, worked
Venmo's fee page lists 1.9% + $0.10 when you receive a payment on a business profile, and 2.99% when a payment to a personal account is marked as goods and services.
Business profile: ($300.00 + $0.10) ÷ (1 − 0.019) = $305.92, a fee of $5.92.
Personal account, goods and services: $300.00 ÷ (1 − 0.0299) = $309.25, a fee of $9.25.
Questions
How much does Venmo take from $100 on a business profile?
$2.00: 1.9% of $100 is $1.90, plus $0.10. You receive $98.00.
Does Tap to Pay cost the same?
No. Venmo's page lists 2.29% + $0.09 for Tap to Pay payments. Type those numbers into the fee fields to see it.
Is Pay with Venmo on a PayPal invoice the same rate?
No. PayPal lists Pay with Venmo on an invoice at 3.49% + $0.49. The PayPal invoice page works that out.
Related
- Grossup: what to invoice to receive any amount
- PayPal goods and services fee
- PayPal invoice fee calculator
- PayPal vs Stripe vs Square fees
Sending this every month? The card fee invoice template puts the fee line on each invoice.