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

Post date: 2021-01-15 09:31:27
Views: 193
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:
Trump doubles down on Rob Reiner criticism after killing; director's son in custody
5 last-minute ways to clear credit card debt before the new year, using everyday money tools
Jim Cramer's top 10 things to watch in the stock market Tuesday
U.S. halts UK tech trade deal negotiations, FT reports
Korea Zinc sinks 14% as largest shareholder group challenges U.S.-backed plans for Tennessee smelter
Trump sues BBC for $10 billion, claims defamation from Panorama documentary
U.S. crude oil drops below $55 a barrel, hits lowest level since early 2021
This cybersecurity stock is emerging as an AI play. How to play it with options heading into the new year
Pfizer’s modest 2026 outlook shows its big investments will take time to pay off
Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend