Why Am I Getting Charged on Venmo?

Venmo charges fees in certain situations to cover processing costs. Here are the most common reasons you might see charges:

• Instant Transfer Fee: When you use Instant Transfer to move money to your bank or debit card, Venmo charges a small percentage fee (usually around 1.75%).
• Credit Card Payments: Sending money using a credit card incurs a 3% fee.
• Business Transactions: Payments to business profiles or merchants usually include a fee.
• Chargebacks or Disputes: If a transaction is disputed or reversed, additional fees may apply.

How to Avoid Unwanted Fees

1. Use standard bank transfers instead of Instant Transfer to avoid fees.
2. Pay friends or family using your Venmo balance or linked bank account, not a credit card.
3. Review transaction details before confirming payments to merchants.
4. Regularly check your Venmo statements to understand fees applied.