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

Post date: 2021-01-15 09:31:27
Views: 224
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:
Answered: Why I am not able to edit my profile?
OpenAI acquires health-care technology startup Torch for $60 million, source says
Novo Nordisk CEO explains why new GLP-1 pill expands access to the weight loss drugs
Trump’s tariff gambit over Iran risks derailing U.S.–China trade deal
Discount grocer Aldi plans to open more than 180 stores in U.S. this year as customers across incomes seek value
Trump targets credit card rates. What’s at stake for Capital One and other banks
SK Hynix to invest $13 billion in new plant amid memory chip shortage
More drivers have $1,000-plus car loan payments. Here's what buyers can expect in 2026
Does it really matter who ends up owning Warner Bros.? Media exec Tom Rogers breaks it down
Intel and AMD get upgrades at KeyBanc thanks to strong server demand for AI