Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
Views: 394
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:
Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026
2-year Treasury yield rockets higher as many Fed officials signal possible hike this year
Fed holds rates steady, pares down statement to remove cutting bias
Stargate SG-1: Desparate Measures Rewatch
Widow's Bay: We Hope You Enjoyed Your Time
Boston recs, please!
Reverse dupe jewelry question
Executive Dysfunction Tips
CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
Defense contractors would be barred from buying back their stock in bill approved by Senate panel