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What are the fees charged by Venmo?

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  • What are the fees charged by Venmo?

    Venmo is a credit card processor that charges immediate transfer charges. You can avoid these costs when you make use of Venmo. The service does charge two costs for specific choices:

    3.3% for each transaction made with peer-to-peer payment made with credit card. Peer-to-peer transactions funded through banks account, debit card, or debit card that is prepaid are available for absolutely free. Also, purchases made from retailers with Venmo payment options are also free. Venmo payment option are completely free even when using credit cards.

    1.75 percent per transaction with a minimum of 25 cents and a the maximum of $25 for quick transfer. The fee will be charged whenever you transfer the Venmo balance onto the debit card. The transfers typically are made within a few minutes. You don't have to pay a fee when you choose to use the typical "cash-out" transfer to a bank account, but the delivery time is between one and three working days.
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