+ Add Chrome Extension

USA TODAY

News
Jun 29, 2021
3  Likes 0  Comments

About this Deal

Venmo recently announced an upcoming fee change; it will soon charge more for instant transfers. This feature allows users to transfer their money out of the app more quickly.

The current fee for instant transfers is 1%, with a minimum fee of $0.25 and a maximum of $10. This will change on August 2, 2021, when the new rate goes into effect. The new instant transfer fee will be 1.5%, with a minimum fee of $0.25 and a maximum fee of $15.

The instant transfer fee increase isn't the only change. Venmo also announced a fee for using the app to receive money for goods and services. This kind of transaction was previously free unless a credit card was used. Beginning July 20, sellers who receive payment for goods and services will pay 1.9% of the payment plus $0.10.

🏷 Deal Tags

News money Venmo

💬 Comments

Thanks! Worked! 👍 🙏 🤩 💕 🥳 🔥 😍
👀 Related Deals
From Related DealTags
arrow
arrow