Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
Views: 169
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:
Lilly trial shows weight loss with experimental pill flattens over time
Charlie Kirk shooting suspect Tyler Robinson charged with murder, faces possible death penalty
Mortgage rates drop to 3-year low ahead of Fed meeting
Asia markets trade mixed after Wall Street declines as investors await Fed decision
Amazon CEO Jassy says company is reducing bureaucracy, which is ‘anathema’ to innovation
Fund manager reveals the rule that made him a 2,000% return on one stock
CNBC's UK Exchange newsletter: Can UK trade come up Trumps?
The UK's top fintech companies: 2025
Three things Britain wants from Trump's state visit — aside from business deals
UK's GSK announces $30 billion U.S. pharma investment amid Trump state visit