What this tool tells you
Venmo is free for personal payments between friends, but business use costs: Goods & Services is 1.9% + $0.10 (capped at $1), business profiles are 2.29% + $0.09, and instant bank transfers are 1.75%. This calculator shows your net by use case.
How the math works
Enter the amount and pick the payment type. The calculator applies the matching Venmo fee and shows your net.
Frequently asked questions
Is Venmo free for personal payments?
Yes — sending and receiving personal payments between friends is free with a standard (not instant) transfer. Business and Goods & Services use cases are not free.
What does Venmo charge businesses?
Venmo charges 1.9% + $0.10 (capped at $1) for Goods & Services payments and 2.29% + $0.09 for business-profile payments, plus 1.75% for instant transfers to a bank.
Can I use Venmo to get paid for freelance work?
Yes, via Goods & Services or a business profile, which apply seller fees and provide the buyer protection businesses expect. Personal payments for business violate Venmo's terms.