That would not be possible. Credit card companies enforce this fee, i.e. Venmo has no choice. Meanwhile, most credit cards give points on dollars spent. If the

That would not be possible. Credit card companies enforce this fee, i.e. Venmo has no choice. Meanwhile, most credit cards give points on dollars spent. If the fees are waived, you and a friend can make a lot of free points. Basically crazy arbitrage would ensue and the program would be ended instantly.