Tag Archives: Venmo

Venmo Announces New Fees for Receiving Payments of Goods and Services & Instant Transfer Withdrawals

Good afternoon everyone, I hope your week is going well.  Last night, I received an email regarding “New and upcoming changes to Venmo” – a pretty generic looking email with generic looking text that I skimmed through and almost deleted.  Buried in the text were 2 changes about seller transaction fees and instant transfer fees.  I decided to dig into these changes to see what they really meant for me and other Venmo users.  Here are the 2 changes that I researched:

3) Effective July 20, 2021, users who receive payments that are identified by senders as for goods and services will be charged a seller transaction fee of 1.9% + $0.10.
4) Effective August 2, 2021, the fee for instant transfers will be 1.5% per instant transfer ($0.25 minimum fee, $15 maximum fee).

Continue reading

Intro to Venmo Rewards & How to Order Venmo Debit Card

Good afternoon everyone, I hope your Thanksgiving weekend is going well.  A few days ago, I ordered my Venmo debit card and I wanted to provide an introduction to the Venmo Rewards program and show the steps to order, activate, and use your Venmo debit card.  The Venmo debit card has a clean design and is available in a few different colors.  Here is the front and back of the card (it is a little strange that the front is vertical but the back is horizontal).

Continue reading