Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
Views: 602
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:
Americans grow more pessimistic about their finances, New York Fed finds — expert warns of ‘tough choices’ ahead
Cramer says higher rates are splitting the market in two — and AI stocks have a big advantage
Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic
Barclays sees big haircare gains for this consumer stock as shoppers prioritize self-care
Lululemon poaches Athleta CEO as new chief product officer
The Great British Bake Off: Biscuit Week
Snowpiercer: A Moth to a Flame Rewatch
Snowpiercer: Bell the Cat Rewatch
Elon Musk blames Indian 'oligarchs' for stalling Starlink launch
TSMC September sales hit another record as AI boom rolls on