Why the Fees?
- Credit Cards: Venmo is charged a fee by credit card companies, which they pass on to users choosing this funding method.
- Instant Transfers: These require Venmo to expedite the process, justifying the fee for the faster service.
How Much does Venmo Charge?
Venmo is known for its convenience, but like any financial service, there are some costs you should be aware of. Here’s a breakdown of Venmo’s fee structure: