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

Post date: 2021-01-15 09:31:27
Views: 235
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:
JPMorgan Chase tops estimates as trading revenue exceeds expectations
Intel and AMD get upgrades at KeyBanc thanks to strong server demand for AI
New York offshore wind project to resume construction after judge lifts Trump suspension
Why Jim Cramer is bullish on Goldman Sachs and Morgan Stanley
BlackRock's earnings pass our test with flying colors. What about 2026?
AI startup Replit launches feature to vibe code mobile apps
Trump accepts Nobel medal from Venezuelan opposition leader Machado
Stocks making the biggest moves premarket: PNC, ImmunityBio, Coupang & more
Russia says it's monitoring Trump's 'extraordinary' push to take over Greenland
'Markets are callous': Why stocks aren't fazed by Iran, Greenland or Venezuela