What are the fees for using Venmo?
Asked 6 months ago
Venmo does not charge any fees for transferring money between friends and family when using a Venmo balance, bank account, or debit card. However, a fee of 3% is applied when sending money using a credit card. If you need to instantly transfer funds to your bank account, a fee of 1% (minimum $0.25 and maximum $10) is involved. Additionally, there may be fees imposed for some optional features such as the Venmo Debit Card or Venmo's Instant Transfer service. It is recommended to review the Venmo fee policy for a detailed breakdown of the charges associated with these services. Overall, most standard transactions on the platform are without any fees, making Venmo a convenient and cost-effective way to send and receive money.
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