Venmo for business

Venmo is available to merchants and customers located in the United States. The Venmo app is available for both iOS and Android.

Venmo is a social payment app, while PayPal is a broader online payment platform. Both let customers pay securely with linked cards and bank accounts, and both are owned by PayPal. Venmo is distinct because it adds a social feed where users can share and like payments among friends.

If you have your own website or app, you can use PayPal’s online checkout to allow your United States customers to pay using their Venmo accounts. If you sell in person, you can create a Venmo business profile to accept payments in the Venmo app or using Tap to Pay.

There are no monthly or setup fees to accept Venmo at online checkout. You pay 3.49% + $0.49 per transaction for standard domestic payments, and fees are subject to change. High-volume businesses can contact sales for custom pricing tailored to your annual payment volume.

Displaying Venmo on product, cart, and checkout pages helps reduce friction with a familiar, quick, secure, and convenient experience. This is designed to help avoid the risk of cart abandonment and improve the overall shopping journey.

Customers can choose to pay with their Venmo balance,⁴ bank account, credit, or debit card.

No. Personal Venmo accounts are meant for payments between friends and family, and using one for sales can risk account limits. To accept business Venmo payments, add Venmo to your online checkout through PayPal or set up a dedicated Venmo business profile for in-person and app payments.

Yes. Money you receive for goods and services through Venmo is taxable income, and you may receive a Form 1099-K reporting those payments. Reporting thresholds can change year to year, so keep business and personal payments separate and check current IRS guidance or a tax advisor.