Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
Views: 423
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:
The 10 best state economies in America in 2026
Interview with the Vampire: The Vampire Lestat: Montreal Books Included
Japan’s bond market is back in play after decades in the wilderness
Inflation reports expected to show improvement with a caveat; Warsh heads to Capitol Hill
Little House on the Prairie: 2026 Season 1
Movie: The Invite
CNBC's The China Connection newsletter: Betting on Shenzhen over Silicon Valley
U.S. completes strikes against Iran, while Tehran targets Gulf neighbors
Trump to claim declassified intel reveals 2020 election interference: MS NOW
I'll get right on it...