Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
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?