What are the fees associated with using Venmo?
An example of an AI chatbot conversation about Venmo fees and transactions.
What are the fees associated with using Venmo?
Venmo charges a 3% fee for sending money using a credit card. There are no fees for bank transfers or debit card transactions.
Are there any fees for receiving money?
No, there are no fees for receiving money on Venmo, regardless of the payment method used.
What about instant transfers? Are there fees for that?
Yes, instant transfers to your bank account incur a 1% fee, with a minimum fee of $0.25.
Can I avoid fees altogether?
To avoid fees, use your Venmo balance, bank account, or debit card for payments.
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