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

Post date: 2021-01-15 09:31:27
Views: 534
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:
Washington scrambles to meet calls for AI guardrails while the window to act closes
Goldman picks China healthcare stocks for a post-AI trade
Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
A Fed hike next week seems certain after the latest inflation data. Here's what's ahead
Iran and UAE back joint BRICS statement urging restraint in war
Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock
Movie: Hope
Did Jack pay a bribe to the police officer?
Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
In pictures: The U.S. commemorates the 25th anniversary of 9/11