How does Venmo charge sellers for cryptocurrency transactions?

3 answers

• Joby PadathyparambilOct 22, 2022 · 3 years ago
  Sure! When it comes to Venmo, they charge sellers for cryptocurrency transactions by applying a fee based on the transaction amount. The fee is typically a percentage of the total transaction value. This fee is deducted from the seller's account balance or the funds received from the buyer. It's important to note that the specific fee structure may vary depending on the platform and the type of cryptocurrency being transacted. Additionally, Venmo may also charge additional fees for certain services, such as instant transfers or converting cryptocurrency to fiat currency. Overall, it's advisable to review Venmo's fee schedule or contact their customer support for the most accurate and up-to-date information on their charges for cryptocurrency transactions.
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• Aaradhya DeyJun 20, 2023 · 2 years ago
  Venmo charges sellers for cryptocurrency transactions by deducting a fee from the total transaction amount. The fee is calculated based on a percentage of the transaction value. This fee is automatically applied when the transaction is processed. It's worth noting that the fee structure may vary depending on the specific cryptocurrency being transacted. Venmo may also charge additional fees for certain services, such as converting cryptocurrency to fiat currency or transferring funds instantly. To get a clear understanding of the fees involved, it's recommended to check Venmo's official website or reach out to their customer support for detailed information.
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• AChatotOct 09, 2020 · 5 years ago
  When it comes to Venmo, they charge sellers for cryptocurrency transactions by deducting a fee from the total transaction amount. The fee is usually a percentage of the transaction value and is automatically applied during the transaction process. However, it's important to note that the fee structure may vary depending on the specific cryptocurrency being transacted. Venmo may also charge additional fees for certain services, such as converting cryptocurrency to fiat currency or transferring funds instantly. To get the most accurate and up-to-date information on Venmo's fees for cryptocurrency transactions, it's recommended to visit their official website or contact their customer support.
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