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

Post date: 2021-01-15 09:31:27
Views: 236
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
Bank of America boosts Micron price target, sees upside driven by tight memory supply
Stocks making the biggest moves premarket: L3Harris, JPMorgan, Delta, Intel, AMD and more
New York offshore wind project to resume construction after judge lifts Trump suspension
Boeing secures tentative labor deal with former Spirit AeroSystems workers
Rates have dropped to the lowest point in years — here are the best lenders for refinancing your mortgage
Australia banned social media for under 16s a month ago — here's how it's going
TSMC is set to expand its $165 billion U.S. investment — here’s what we know
Trump pitches direct payments to consumers for health care. What policy experts say about the plan
'Markets are callous': Why stocks aren't fazed by Iran, Greenland or Venezuela