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

Post date: 2021-01-15 09:31:27
Views: 485
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:
Bessent's bond gambit aimed at calming markets is instead stirring inflation worries
Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio
Kalshi traders think the bitcoin rally could end the year near current levels
Big week coming up with PCE, Nvidia earnings and then Jackson Hole. Here's what to expect
'A delicate dance': JD Vance says economic pressure is the best way to achieve Washington's objectives in Iran
International student enrollment falls amid tighter U.S. visa policies, reports show
Most Americans aren't anti-vaccine. They're uncertain — and that's a growing public health challenge
Star Trek: Strange New Worlds: Level-Five Transporter Accident
Book: Listen to Your Sister by Neena Viel
Ted Lasso: Richmond's Got Talent