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

Post date: 2021-01-15 09:31:27
Views: 240
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 top 10 jobs in the U.S. for 2026 all pay $100,000 or more, according to Indeed
Global central bankers unite in defense of Fed Chair Jerome Powell
Does it really matter who ends up owning Warner Bros.? Media exec Tom Rogers breaks it down
Salesforce releases updated Slackbot powered by Anthropic's AI model
Stocks making the biggest moves premarket: L3Harris, JPMorgan, Delta, Intel, AMD and more
DeepMind CEO is talking to Google CEO 'every day' as lab ramps up competition with OpenAI
Trump accepts Nobel medal from Venezuelan opposition leader Machado
Trump pitches direct payments to consumers for health care. What policy experts say about the plan
Trump unveils health-care plan outline as Congress wrestles over Obamacare subsidies
Amazon threatens 'drastic' action after Saks bankruptcy, says $475M stake is now worthless