Printable worksheet

← Back to the Venmo Fee Calculator

In the print window, choose “Save as PDF” as the printer (or print it on paper). Seed 1 rebuilds this exact sheet.

Venmo Fee worksheet

Grades 7–8

Solve each problem and show your work. Round answers to 2 decimal places where needed.

1.
Problem 1.
- What do you want to find?: What to ask for to receive a set amount
- Payment type: Goods and services payment to a personal account: 2.99%
- Amount you want to receive: $140
Find: Amount to request
Answer
2.
Problem 2.
- What do you want to find?: What to ask for to receive a set amount
- Payment type: Instant transfer to your bank or debit card: 1.75% ($0.25 minimum) (capped at $25.00)
- Amount you want to receive: $120
Find: Amount to request
Answer
3.
Problem 3.
- What do you want to find?: The fee on an amount
- Payment type: Business profile, Tap to Pay: 2.9% + $0.09
- Payment amount: $80
Find: Venmo fee
Answer
4.
Problem 4.
- What do you want to find?: The fee on an amount
- Payment type: Instant transfer to your bank or debit card: 1.75% ($0.25 minimum) (capped at $25.00)
- Payment amount: $68
Find: Venmo fee
Answer
5.
Problem 5.
- What do you want to find?: What to ask for to receive a set amount
- Payment type: Instant transfer to your bank or debit card: 1.75% ($0.25 minimum) (capped at $25.00)
- Amount you want to receive: $90
Find: Amount to request
Answer
6.
Problem 6.
- What do you want to find?: What to ask for to receive a set amount
- Payment type: Goods and services payment to a personal account: 2.99%
- Amount you want to receive: $120
Find: Amount to request
Answer
7.
Problem 7.
- What do you want to find?: The fee on an amount
- Payment type: Instant transfer to your bank or debit card: 1.75% ($0.25 minimum) (capped at $25.00)
- Payment amount: $80
Find: Venmo fee
Answer
8.
Problem 8.
- What do you want to find?: The fee on an amount
- Payment type: Instant transfer to your bank or debit card: 1.75% ($0.25 minimum) (capped at $25.00)
- Payment amount: $82
Find: Venmo fee
Answer
9.
Problem 9.
- What do you want to find?: What to ask for to receive a set amount
- Payment type: Enter my own rate
- Percentage rate: 3.6%
- Fixed fee: $0
- Amount you want to receive: $120
Find: Amount to request
Answer
10.
Problem 10.
- What do you want to find?: What to ask for to receive a set amount
- Payment type: Enter my own rate
- Percentage rate: 3.45%
- Fixed fee: $0
- Amount you want to receive: $120
Find: Amount to request
Answer

Answer key: Venmo Fee worksheet

1. Amount to request: $144.31
1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee
  $\frac{($140.00 + $0.00)}{(100% - 2.99%)}$ $= $144.32$
2. Check it: the fee on the rounded amount leaves you this much
  $$144.31 - $4.31$ $= $140.00$
3. So this is the lowest whole-cent amount to request
  $$140.00 + $4.31$ $= $144.31$
2. Amount to request: $122.14
1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee
  $\frac{($120.00 + $0.00)}{(100% - 1.75%)}$ $= $122.14$
2. Check it: the fee on the rounded amount leaves you this much
  $$122.14 - $2.14$ $= $120.00$
3. So this is the lowest whole-cent amount to request
  $$120.00 + $2.14$ $= $122.14$
3. Venmo fee: $2.41
1. Venmo takes a percentage of the whole payment
  $$80.00 \times 2.9%$ $= $2.32$
2. The fee is that percentage plus any fixed fee, rounded to the nearest cent
  $$2.32 + $0.09$ $= $2.41$
3. Take the fee off the payment to see what reaches you
  $$80.00 - $2.41$ $= $77.59$
4. Venmo fee: $1.19
1. Venmo takes a percentage of the whole payment
  $$68.00 \times 1.75%$ $= $1.19$
2. The fee is that percentage plus any fixed fee, rounded to the nearest cent
  $$1.19 + $0.00$ $= $1.19$
3. Take the fee off the payment to see what reaches you
  $$68.00 - $1.19$ $= $66.81$
5. Amount to request: $91.60
1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee
  $\frac{($90.00 + $0.00)}{(100% - 1.75%)}$ $= $91.60$
2. Check it: the fee on the rounded amount leaves you this much
  $$91.60 - $1.60$ $= $90.00$
3. So this is the lowest whole-cent amount to request
  $$90.00 + $1.60$ $= $91.60$
6. Amount to request: $123.70
1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee
  $\frac{($120.00 + $0.00)}{(100% - 2.99%)}$ $= $123.70$
2. Check it: the fee on the rounded amount leaves you this much
  $$123.70 - $3.70$ $= $120.00$
3. So this is the lowest whole-cent amount to request
  $$120.00 + $3.70$ $= $123.70$
7. Venmo fee: $1.40
1. Venmo takes a percentage of the whole payment
  $$80.00 \times 1.75%$ $= $1.40$
2. The fee is that percentage plus any fixed fee, rounded to the nearest cent
  $$1.40 + $0.00$ $= $1.40$
3. Take the fee off the payment to see what reaches you
  $$80.00 - $1.40$ $= $78.60$
8. Venmo fee: $1.44
1. Venmo takes a percentage of the whole payment
  $$82.00 \times 1.75%$ $= $1.44$
2. The fee is that percentage plus any fixed fee, rounded to the nearest cent
  $$1.44 + $0.00$ $= $1.44$
3. Take the fee off the payment to see what reaches you
  $$82.00 - $1.44$ $= $80.56$
9. Amount to request: $124.48
1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee
  $\frac{($120.00 + $0.00)}{(100% - 3.6%)}$ $= $124.48$
2. Check it: the fee on the rounded amount leaves you this much
  $$124.48 - $4.48$ $= $120.00$
3. So this is the lowest whole-cent amount to request
  $$120.00 + $4.48$ $= $124.48$
10. Amount to request: $124.29
1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee
  $\frac{($120.00 + $0.00)}{(100% - 3.45%)}$ $= $124.29$
2. Check it: the fee on the rounded amount leaves you this much
  $$124.29 - $4.29$ $= $120.00$
3. So this is the lowest whole-cent amount to request
  $$120.00 + $4.29$ $= $124.29$