No, Venmo is not designed to be used to process credit card sales. It's primarily intended for payments between friends and people who trust each other. However, select businesses can use Venmo for customer transactions through a partnership with PayPal that incurs transaction fees. The current fee for receiving commercial payments is 1.9% + $0.10 per transaction, applicable to both debit and credit cards.
Asked May 15, 2024 11:48 AM