Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
Views: 287
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:
Thursday's big stock stories: What’s likely to move the market in the next trading session
Bitcoin faces pressure after hotter-than-expected inflation data: CNBC Crypto World
Fed votes to hold rates steady, notes 'uncertain' impacts from Iran war
Disney embarks on new chapter as Josh D'Amaro takes over as CEO
Help me understand tax on a brokerage account
Can you recommend very long fiction series that meet my criteria?
Odds of a Fed rate hike by June are now higher than the chances for a rate cut
Micron revenue almost triples, tops estimates as demand for memory soars
Here are the five key takeaways from this week's Fed meeting
These income-generating plays can yield up to 6% as the Fed holds rate steady