Venmo for Business review

Venmo for Business is a payment tool, not a full POS, but it earns a place because so many market shoppers already pay this way. A business profile links to a personal Venmo account, costs nothing to set up and charges no monthly fee. Customers who scan the booth's Venmo QR code pay a 1.9% + $0.10 fee for the seller, the lowest rate on this list. Card payments are possible with Tap to Pay straight from the phone, with no extra hardware, at 2.9% + $0.09, which is more than Square, SumUp or PayPal Point of Sale charge for a tap. Payments go to the Venmo balance, and business income stays separate from the personal feed. Venmo does not list item catalogs, stock counts or sales reports by product, so vendors who need those should pair it with a POS app or choose PayPal Point of Sale, which also accepts QR payments.

Who it is for

Casual sellers whose customers pay by Venmo QR code

Price

No monthly or setup fees; 1.9% + $0.10 for direct and QR code payments; 2.9% + $0.09 for Tap to Pay.

There are no monthly or setup fees for a Venmo business profile.
Quoted from the vendor pricing page on November 11, 2026.

Key features

• Business profile linked to a personal Venmo account
• 1.9% + $0.10 for direct and QR code payments
• Tap to Pay for cards and wallets on a phone with no extra hardware
• Business income kept separate from the personal feed
• Visibility in the Venmo app

Strengths and weaknesses

• Strength: No monthly or setup fees
• Strength: 1.9% + $0.10 QR payments are the cheapest rate on this list
• Strength: Customers scan a printed code, so no reader is needed
• Weakness: Tap to Pay card payments cost 2.9% + $0.09
• Weakness: No item catalog or inventory tools listed
• Weakness: Money lands in the Venmo balance rather than a merchant account

Key facts

• Monthly fee: $0
• QR and direct rate: 1.9% + $0.10
• Tap to Pay rate: 2.9% + $0.09
• Hardware: None needed
• Payouts: To the Venmo balance

Where it ranks

Venmo for Business is No. 9 in our Best POS Systems for Market Vendors verdict.