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Venmo vs PayPal fees for getting paid · fees checked 2026-10-29

On $1,000: Venmo business profile $19.10, PayPal goods & services $29.90.

Venmo (owned by PayPal) charges a business profile 1.9% + 10¢; PayPal goods and services charges 3.49% + 49¢. Here are the exact numbers.

$

Side by side

PaymentVenmo business profilePayPal goods & services
$100.00$2.00 (2%)$2.99 (2.99%)
$500.00$9.60 (1.92%)$14.95 (2.99%)
$1,000.00$19.10 (1.91%)$29.90 (2.99%)
$5,000.00$95.10 (1.9%)$149.50 (2.99%)

Venmo business profile is cheaper on a $1,000 payment, by $10.80. Both charge more than a bank transfer.

What beats both on a $1,000 payment

  1. Melio, bank transfer request: $0.00 instead of $19.10, so you keep $19.10 more per $1,000 payment, $916.80 a year at 4 a month.
  2. Zelle for business (through your bank): $0.00 instead of $19.10, so you keep $19.10 more per $1,000 payment, $916.80 a year at 4 a month.
  3. Wise Business, USD account ($31 once): $0.00 instead of $19.10, so you keep $19.10 more per $1,000 payment, $916.80 a year at 4 a month.
  4. Payoneer receiving account, then withdraw: $1.50 instead of $19.10, so you keep $17.60 more per $1,000 payment, $844.80 a year at 4 a month.

Sources

PlatformMethodFeeChecked
paypalpaypal checkout3.49% + $0.49source, 2026-10-29
paypalcard online2.99% + $0.49source, 2026-10-29
paypalgoods and services2.99%source, 2026-10-29
paypalach pay by bank1%, cap $10source, 2026-10-29
venmobusiness profile1.9% + $0.10source, 2026-10-29
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