Paying your friends with Venmo

Paying your friends back for pizza shouldn’t cost more than your slice. Send money using Venmo for a standard 3% fee that we waive when your transaction is funded by your Venmo balance, a bank account, or a debit card. The 3% fee still applies when a credit card is used to send money.

Purchasing with Venmo

You can now pay with Venmo at many places you see the PayPal button while using your preferred mobile web browser. Other times, you’ll see a Venmo payment option (i.e. a Venmo button) in a merchant app or mobile website during checkout.

Venmo does not charge you a fee for purchasing items from authorized businesses, even if those purchases are funded using a credit card. See the Venmo User Agreement for more information on Authorized Merchant Payments.

Transferring money out of Venmo

Our standard transfer service is free to use. A fee of 1% of the transfer amount (minimum fee $0.25, maximum fee $10) will be deducted from the transfer amount for each Instant Transfer.

Using your Venmo Mastercard®

There are no fees for using your Venmo card for purchases, even if you get cash back at the point of sale!

You can also withdraw funds from your Venmo balance at an ATM, up to the daily $400 limit, but there may be fees for these transactions. You can withdraw funds from your Venmo balance up to the daily $400 limit at MoneyPass® ATMs in the U.S. at no cost. For non-MoneyPass® ATMs, there is a $2.50 ATM Domestic Withdrawal Fee and there may be additional fees charged by the ATM operator. For over the counter withdrawals, there is a $3.00 Over the Counter Withdrawal Fee if signature is required to obtain cash back at a bank or other financial institution.

Free ways to send money to your friends

Your Venmo Balance

This is money you have available in your Venmo account.

Bank Accounts

Linking your U.S. bank account to Venmo is always free.

Debit cards

We waive fees for sending money on Venmo with your debit cards and prepaid cards.

The Venmo Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted in the U.S. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.