Does venmo charge a fee to pay someone12/31/2023 ![]() ![]() I figured someone offering a service would have a business account if it was indeed their business. It’s also my go-to when buying or selling used items. I have long used Venmo to pay for all sorts of services like haircuts, snow removal and home improvement. Venmo points out the new protections will be ideal for those who occasionally sell a higher priced item or service to someone they don’t know.Īny transaction labeled as “goods and services” by toggling a button on the payment screen will charge the seller 1.9% + $0.10 on that transaction. “Payments tagged as for goods or services will be eligible for coverage under Venmo’s Purchase Protection Program, meaning the buyer and seller may be covered if the transaction doesn’t go as expected,” it reads. In a June 28 press release, the company introduced the fee by explaining it would roll out expanded purchase protections over the coming weeks. Instead of a description, the email encouraged us to use an emoji.įirst of all, is this honest? And secondly, will using an emoji actually bypass the fee? For those paying the teacher via Venmo, the email asked them not to include what the payment was for in order to avoid the fee. The message related that Venmo would start attaching a fee for those who paid for goods and services through its app, even on a personal account. I’m guessing most of you didn’t either and have never read the agreement.īut this week, I received an email about it from someone who provides private lessons to one of my children. Venmo notified users in an email last month about some changes to its User Agreement.
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