What Venmo charges for credit card payments
Venmo charges 3% of the payment when you send money to a person using a credit card, and adds it to what you pay. Payments from your Venmo balance, a bank account or a debit card are free (Credit Card Fees on Venmo Payments). The recipient always receives the full amount.
| Amount sent | Total fees | Fee rate | You keep |
|---|---|---|---|
| $20.00 | $0.00 | 0.00% | $20.00 |
| $50.00 | $0.00 | 0.00% | $50.00 |
| $100.00 | $0.00 | 0.00% | $100.00 |
| $250.00 | $0.00 | 0.00% | $250.00 |
| $500.00 | $0.00 | 0.00% | $500.00 |
| $1,000.00 | $0.00 | 0.00% | $1,000.00 |
Venmo Fee for Credit Card Payments: Who Pays the 3%
The sender pays it, every time. On $1,000 rent split with a roommate, that’s $30 you add for the convenience of a credit card. A debit card or a linked bank account sends the same $1,000 for nothing.
There are only two good reasons to accept the 3%: you’re out of cash until payday, or your card’s rewards beat 3% (rare, and only if the issuer doesn’t treat the payment as a cash advance). Otherwise, switch the funding source before you tap Pay.
Venmo fees at a glance
A worked example: splitting a $1,200 trip
You owe a friend $1,200 for your share of a trip and pay it with a credit card. Venmo adds $36.00, so your card is charged $1,236. From your bank or debit card the same payment is free. Card rewards rarely beat 3%; the main reason to accept it is cash flow (About Venmo Fees).
Receiving a payment for something you sold is different: a goods-and-services payment to a personal profile costs the seller a fee. Our Venmo fee calculator covers that, and moving the money out is in the Venmo instant transfer fee calculator.
