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

Post date: 2021-01-15 09:31:27
Views: 392
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:
JetBlue to reduce Newark, LaGuardia footprint as it forges ahead in Fort Lauderdale
Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed
Thursday's big stock stories: What’s likely to move the market in the next trading session
Financials have the market's deepest bench of near-breakouts
The market didn't like what it heard from the Fed and its new leader Kevin Warsh
Earth Wind and Fire - To Be Celestial vs. That's the Weight of the World
auto shop keeps postponing major repair
China to return as major oil buyer in August, JPMorgan says, naming its top stock picks
How Elon Musk's second-in-command Gwynne Shotwell helped turn SpaceX into an IPO giant
Google Gemini co-lead Noam Shazeer leaves for OpenAI