Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
Views: 390
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:
Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed
Financials have the market's deepest bench of near-breakouts
Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026
Jim Cramer says this chipmaker is still a buy after soaring more than 200% this year
Stargate SG-1: Desparate Measures Rewatch
You had one job, bank.
Reverse dupe jewelry question
Executive Dysfunction Tips
How Elon Musk's second-in-command Gwynne Shotwell helped turn SpaceX into an IPO giant
Amazon AI exec predicts first 'commercially useful' quantum computers in 5-7 years