![]() ![]() ![]() I asked how a user would know if they would be hit by this charge and they basically said it wasn’t Venmo’s problem. Venmo takes a 1.9 cut of commercial transactionspreviously only applicable to registered businessesplus a 10-cent fee. These weren’t business account transactions to my knowledge, just transfers of money to payback for lunch or donation. Then while browsing my bank statements, I noticed an extra 10 charge for several Venmo transfers, not all of them, but enough for me to take notice. I asked both my bank support and Venmo, and Venmo’s only response was that “it was all on their terms and agreement forms”. One was for a $36 charge too, so it wasn’t related at all to a minimum payment requirement. Then while browsing my bank statements, I noticed an extra $10 charge for several Venmo transfers, not all of them, but enough for me to take notice. Venmo debit card purchases and payments to authorized merchants each have a per-transaction limit of 2,999.99 USD¹. For general information about prepaid accounts, visit /prepaid. Venmo accounts are issued by PayPal, Inc. Contact Venmo by calling 1-85, by mail to Venmo, 117 Barrow Street, New York, NY 10014, or visit /contact-us. 2, Venmos instant transfer fee will be 1.5 of the amount youre trying to cash out, with a maximum of 15. This continued for 6 months or so with few changes, and I was okay with the 3% charge. You may be offered overdraft/credit after 30 days. As noted, a simple Venmo transaction from a user's bank account, debit card, or Venmo cash balance is free of charge. 'Instant' means 30 minutes or less in this. bank account or participating credit card account for a fee of 1.75 as of June 2022. So to add some context, I’ve been using a credit card since the direct deposit information expired and I figured that a credit card might be safer to use than a debit card. Opening a Venmo account is free and there are no monthly fees. You can Instant Transfer money from your Venmo account to any U.S. ![]()
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