Venmo and Cash App fee calculator
Enter the payment and which app took it to see the seller fee and what you keep, or flip the mode to find the amount to ask for so an exact figure reaches you.
You keep
$58.76
$1.24 fee on a $60.00 payment (2.07%)
How to use it
- Enter the amount the buyer is sending.
- Pick the payment type. Venmo goods and services and business profile payments share a rate; Cash App for Business has its own.
- Read what you keep and the effective rate. The Venmo fixed $0.10 matters on small payments; Cash App's flat percentage doesn't change with size.
- Switch the mode to find what to ask for so that an exact amount reaches you.
Worked example
A buyer sends $60.00 on Venmo tagged as goods and services.
Fee: $60.00 × 1.9% + $0.10 = $1.14 + $0.10 = $1.24, a 2.07% effective rate. You keep $58.76.
The same $60.00 to a Cash App business account costs $60.00 × 2.75% = $1.65, and you keep $58.35. Below about $23 Cash App is the cheaper of the two; above it Venmo is.
How this is calculated
Venmo charges the seller 1.9% plus $0.10 when a buyer marks a payment as for goods and services, and the same rate on any payment to a business profile; the buyer pays nothing extra. Cash App charges business accounts a flat 2.75% of every payment they receive, with no fixed part. Personal payments between friends on either app are free when funded by a bank account or balance, but they carry no purchase protection and aren't meant for selling. The fee is rounded to the cent and deducted before the money lands in your balance, and reverse mode finds the smallest payment that nets your target.
Venmo goods and services, or business profile: fee = amount × 1.9% + $0.10
Cash App for Business: fee = amount × 2.75%
you keep = amount − fee, rounded to the cent
reverse mode: amount = (target + fixed fee) ÷ (1 − rate), rounded up to the cent that clears the target.
Rates, sources and limits
- Venmo (US) rates effective 20 Jul 2021, checked 23 Sep 2026. Source
- Cash App for Business (US) rates effective 1 Jan 2022, checked 23 Sep 2026. Source
US rates for personal and business accounts. Instant transfer fees are separate and not included.
Rates current as of 2026. Last reviewed 23 Sep 2026 by the CalcRabbit team. Estimates only, not financial, tax or medical advice.
Frequently asked questions
Should I ask buyers to pay as friends and family to avoid the fee?
No. Both apps' terms say personal payments aren't for purchases, a friends-and-family payment has no purchase protection for either side, and a buyer who later disputes it with their bank leaves you with no record that it was a sale. The 1.9% buys you a paper trail and protection.
Who pays the Venmo goods and services fee?
The seller, always. It's deducted from what you receive. Venmo doesn't let you add a surcharge line to pass it on, so price for it instead: the reverse mode here gives the amount to ask for.
Is there a fee to move money to my bank?
Standard transfers to a bank account are free on both apps and take one to three business days. Instant transfers to a debit card carry a percentage fee with a minimum, on top of the seller fee.
Do Venmo and Cash App report my sales for tax?
Both issue a Form 1099-K for goods and services or business payments once you cross the federal reporting threshold, which has changed several times; check the IRS page for the current year. Whether or not a form arrives, profit from selling as a business is taxable.
Does Cash App charge personal accounts to receive money?
No. The 2.75% applies only to accounts set up as Cash for Business. If you're selling regularly, that's the account you're supposed to use, and it's what buyers see as a business when they pay.