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

Post date: 2021-01-15 09:31:27
Views: 212
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:
Humanoid robots take over CES in Las Vegas as tech industry touts future of AI
What student loan borrowers can do if they're facing wage garnishment: 'Early action' is critical, advisor says
Trump says he's instructing his 'Representatives' to buy $200 billion in mortgage bonds, claiming it will lower rates
BlackRock predicts major shift in retail investors' access to cryptocurrencies
U.S. payrolls rose 50,000 in December, less than expected; unemployment rate falls to 4.4%
Trump to meet with oil executives at White House. What we know about U.S. plans for Venezuela
Patient advocacy groups urge U.S. court to halt overseas prescription drug operations
Amazon Pharmacy starts offering Novo Nordisk's Wegovy weight-loss pill
Supreme Court holds off on Trump tariff ruling for now — what's at stake for economy
Mortgage rates drop to lowest level in nearly 3 years after Trump's latest push on housing affordability