Accepting Venmo/online payment for one-person business in 2021?
Post date: 2021-01-15 09:31:27
Views: 250
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:
Why a niche category of CRE lending is suddenly seeing record deals
What does it mean for a credit card to devalue? How to protect your rewards
Trump policies to boost low-end consumer into the midterms, says JPMorgan. These stocks will benefit
Nvidia’s Huang to visit China as AI chip sales stall
Why do I get “You do not have permission to perform this operation” when editing my listing, and how can I fix it?
Trump signed his Gaza 'Board of Peace' into being. Here's who's on it — and who isn't
Pardoned Binance founder Zhao says his business relationship with the Trumps was 'misconstrued'
China's AI trade is quickly moving from infrastructure to applications. Watch these stocks
Energy stocks to watch as major winter storm rips through the U.S.
Stock futures fall as traders get set for a big week of trading: Live updates