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I love how this comment has no upvotes.

• kevinholesh 17y ago
  That says a lot about startups now a days. They could probably get away with charging 1% or 2%, but it looks like they don't take any transaction fees.
• heyitsnick 17y ago
  It clearly states on the site they make money of every text message sent. edit: from the info pages "We charge a transaction fee every time you receive money. Sometimes, the person sending you money can pay for the fees associated with the transaction. Those fees are outlined on our Venmo Fees page." There's also a premium service for businesses. http://info.venmo.com/pricing/pricing-plan-comparison/ http://info.venmo.com/pricing/pricing-plan-comparison/
  • kevinholesh 17y ago
    But the person who submitted the story says otherwise: http://news.ycombinator.com/item?id=948793 http://news.ycombinator.com/item?id=948793
    • keltecp11 17y ago
      As of right now they are not charging... it is open beta... but i'm sure that will change.