Venmo Goods and Services Fee Calculator
Work out the Venmo goods and services (G&S) fee on a payment and see exactly how much you'll receive after the fee, or how much to request to net a target amount. Built for sellers and based on Venmo's published 2.99% goods and services seller fee.
Estimate using Venmo's published rate. Venmo's standard goods and services seller fee on a personal account is 2.99% with no fixed cent. Rates can change, so confirm against Venmo's fee page before relying on a number for a sale.
Your Venmo goods & services result
Enter a valid amount between $0.01 and $100000.00 to see your result.
Amount to request / charge $100.00
Venmo goods & services fee (2.99%) $2.99
Amount you receive $97.01
Effective fee rate 2.99%
Seller pays: Venmo's 2.99% goods and services fee is deducted from the payment, leaving the net shown above.
How to use this calculator
- Choose what you want to work out. Pick “Fee and net I’ll receive” to see the fee and your payout, or “Amount to request to net a target” to work backward from a goal.
- Enter the amount. In the first mode, type the payment amount. In reverse mode, type the amount you want to end up with.
- Pick who pays the fee. Choose “Seller pays” to deduct the fee from the payment, or “Buyer pays” to add it on top so you receive the full amount.
- Read your results. The tool shows the Venmo goods and services fee, your net, the amount to request, and the effective fee rate.
How it works
When a buyer marks a Venmo payment as “goods and services,” or pays a Venmo business profile, Venmo charges a transaction fee that funds buyer Purchase Protection. The fee follows a simple formula: fee = payment amount times the rate, rounded to the nearest cent. Your net is the amount minus that fee.
This calculator uses Venmo’s published standard rate for goods and services on a personal account: 2.99% of the payment, with no separate fixed cent. So a $100 payment costs you $2.99 and leaves you $97.01. This is Venmo’s own published rate, and Venmo can change it, so confirm against Venmo’s Purchase Protection page and the About Venmo Fees page before you rely on a number for a sale.
Reverse mode works the formula backward. Tell the tool the amount you want to keep, and it grosses the payment up so that after the 2.99% fee you net at least your target: amount to request = target divided by 0.9701, rounded up to the next cent so you are never short. The “Buyer pays” option uses the same gross-up, so the buyer covers the fee and you receive the full intended amount.
The tool also shows the effective fee rate, which is the fee divided by the amount. For the personal-account goods and services fee this stays at 2.99%, but it can read slightly higher on tiny payments because the fee is rounded to the nearest cent.
A quick note on a common mix-up: the personal-account goods and services fee is 2.99% with no fixed cent. A Venmo business profile is a separate product with a different rate of 1.9% plus $0.10 per payment. This calculator models the consumer goods and services case, not the business profile. Some other calculators apply the business-profile rate to consumer payments, which understates the real fee.
Examples
Seller receives a $100 goods and services payment (seller pays the fee). The fee is 2.99% of $100, which is $2.99. Your net is $100 minus $2.99, so you receive $97.01. The effective fee rate reads 2.99%.
Seller wants to net exactly $100 (reverse mode). The tool grosses the payment up: $100 divided by 0.9701 is $103.08, rounded up to $103.09. After Venmo’s 2.99% fee of $3.08, you net $100.01, so you are never short of your $100 target.
Buyer covers the fee on a $250 sale. With “Buyer pays” selected, the buyer is charged $257.71 instead of $250. Venmo’s 2.99% fee on that amount is $7.71, so you receive the full $250.00 you wanted.
What this tool does that others don’t
- It cites Venmo’s own fee page for the rate. Other calculators disagree, and some apply the wrong number. This tool uses the 2.99% personal-account goods and services rate confirmed on three Venmo-owned pages, and it tells you the rate can change.
- It gives a clean goods and services answer. Many competitor pages bury the calculator under generic multi-fee tables. This tool returns the fee and your net right on the page, with no signup.
- It works backward. Tell it the amount you want to keep, and it tells you what to request so you net your target after the fee. Most competitors skip this.
- It lets the buyer pay the fee. Pick “Buyer pays” and the tool grosses the payment up so the buyer covers the fee and you receive the full amount.
- It shows the effective fee rate and keeps the fees separate. The tool shows your true all-in rate and clearly distinguishes the 2.99% consumer fee from the separate 1.9% plus $0.10 business-profile fee, so you do not confuse the two.
Frequently asked questions
Does Venmo charge a fee for goods and services?
Yes. When a payment is marked as goods and services, or sent to a Venmo business profile, Venmo applies a transaction fee that funds buyer Purchase Protection. Sending money as friends and family between personal accounts does not carry this fee.
How much is the Venmo goods and services fee?
Venmo’s published standard goods and services seller fee on a personal account is 2.99% of the payment, with no separate fixed cent. This calculator uses that exact 2.99% rate from Venmo’s own fee page rather than a third-party estimate.
Who pays the Venmo goods and services fee, the buyer or the seller?
By default the fee is deducted from the payment, so the seller absorbs it and receives the amount minus the fee. This calculator also lets the buyer cover it: pick ‘Buyer pays (added on top)’ and it grosses the payment up so you receive the full intended amount.
How much will I receive after the Venmo goods and services fee?
Your net is the payment amount minus the fee: net = amount minus (amount times 2.99%). Choose ‘Fee and net I’ll receive’, enter the payment amount, and the calculator shows both the fee charged and the exact net you’ll receive.
How much should I request on Venmo to receive a specific amount?
Switch to ‘Amount to request to net a target’ and enter the amount you want to end up with. The tool grosses the payment up using amount to request = target divided by 0.9701, rounded up to the next cent so you are never short.
What is the difference between goods and services and friends and family on Venmo?
Friends and family payments are for personal transfers and carry no goods and services fee, but offer no Purchase Protection. Goods and services payments carry the 2.99% fee, fund buyer Purchase Protection on eligible transactions, and are the correct choice when you are buying or selling something.
Is the Venmo business profile fee the same as the goods and services fee?
No. The personal-account goods and services seller fee is 2.99% with no fixed cent. A Venmo business profile is a separate product charged at 1.9% plus $0.10. This calculator models the consumer goods and services case at 2.99%.
How is the Venmo fee rounded on small payments?
The fee is 2.99% of the payment rounded to the nearest cent. This calculator also shows the effective fee rate so you can see the true all-in cost, which can read slightly above 2.99% on tiny payments due to rounding.
Sources
- Venmo Purchase Protection. Venmo’s official page stating a transaction fee of 2.99% of the sale is charged to the seller, with no fee to the buyer.
- About Venmo Fees. Official fees page: 2.99% goods and services seller fee on a personal account with no fixed cents; business profile is 1.9% plus $0.10; Tap to Pay is 2.29% plus $0.09.
- Venmo Fees. Official page: 2.99% when receiving payments identified as goods and services in a personal Venmo account.
- GOBankingRates, Venmo Fees. Independent secondary source confirming 2.99% for a personal account receiving a goods and services payment, with the business profile fee shown separately.
- Venmo Help Center, Business Profile Transaction Fees. The distinct business-profile fee of 1.9% plus $0.10, which is not the personal-account goods and services fee.