Are There Any Fees When Using Joy Cash Funds?

There are no fees when using Joy Cash Funds. We make no money on your cash gifts. In addition, credit card fees do not apply, since cash gifts are made through cash sharing services like PayPal, Venmo, or Cash App.

How Joy’s Cash Fund Fee Compares

FeesWho pays the fee?
Joy0No one!
Zola2.4%Guest or Couple
The Knot2.5%Guest
Honeyfund2.5% + $3.95Guest
MyRegistry.com2.4% + $0.30Guest
Wanderable2.5% + $0.99Guest (or couple can absorb the 2.5%)
Traveler’s Joy2.95% + $0.99Guest

Please note, while PayPal, Venmo, and Cash App don’t charge fees for standard bank transfers, which takes 1-3 business days, they all do charge a fee for Instant Deposits or Transfers. More details below:

  • For guests, all 3 cash sharing apps offer sending money without a fee, as long as the app is connected to a bank account.
  • Paypal offers free standard transfers to your bank account and Instant Transfers. Standard transfers typically arrive within 1 business day, but is subject to your bank’s clearing process. Instant Deposits appear in your account within 30 minutes, but are subject to a 1% fee. PayPal also charges conversion fees if the payer and the payer’s accounts are set to different countries. All answers about PayPal fees are here.
  • Venmo offers free standard transfers to your bank account and Instant Transfers. Standard transfers arrive within 1-3 business days. Instant Deposits are subject to a 1% fee. All answers about Venmo fees are here.
  • Cash App offers free standard deposits to your bank account and Instant Deposits to your linked debit card. Standard deposits arrive within 1-3 business days. Instant Deposits are subject to a 1.5% fee, but arrive instantly. All answers about Cash App here.

Please Note: Joy is not affiliated with PayPal, Venmo, or Cash App and we do not have internal specifics on their policies. For further details on international accounts, currency exchange fees and general information, please click here for Paypal, here for Venmo, and here for Cash App.

Still have some questions?

Ask us directly! Click on the black and white chat bubble in the bottom-right corner of this page to ask us your questions, or you can email us at support@withjoy.com. You’ll get a friendly response from someone on our team! 🙂

Updated on April 14, 2021

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