Accepting Venmo/online payment for one-person business in 2021?

Post date: 2021-01-15 09:31:27
Views: 618
I recently started doing work as a virtual personal assistant. So far I've been receiving payments via Venmo, but I'm worried that my account will get flagged, payments frozen, etc. I would of course like to avoid paying the 3% Paypal merchant fee. What are my options?

I have 6-10 clients who pay me on a weekly or biweekly basis. The total amount I'm receiving is around several thousand dollars a month.

I'm in the US, so bank transfers aren't super common. Everyone seems to hate personal checks.

Does anyone have experience using Venmo for business purposes? What are the other options out there?
Number of Comments
Please click Here to read the full story.
 
Other Top and Latest Questions:
Family offices likely to add risk, debt and alternatives under the next generation
On the ground at Nvidia's AI showpiece: Jensen-mania, robot ducks and neocloud distress
Here are Friday's biggest analyst calls: Nvidia, SpaceX, CoreWeave, Deckers, Unusual Machines & more
Defense giant Saab sees orders triple after Gripen fighter jet deal with Ukraine
SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.
Book: Hollywood, Ending
Movie: Midnight
Movie: The Leopard Man
10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries
Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East