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

Post date: 2021-01-15 09:31:27
Views: 632
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:
Early third-quarter earnings show a 'resilient' U.S. consumer, with signs of strain
Amex Platinum and Business Platinum add Airbnb perks, but lodging credit rules are tightening
Trump administration may let more Russian diesel onto market, energy secretary tells CNBC
Jim Cramer warns investors not to get fooled by the latest AI stock rally
Indian investors rush to Nvidia, SpaceX, Apple as local trading apps roll out access to U.S. stocks
Wednesday's big stock stories: What’s likely to move the market in the next trading session
How investors can position ahead of the Fed's next policy decision
Art and other things in cans
Chevron and Exxon hit all-time highs as refining profits soar in reaction to Iran and Ukraine wars
Stargate SG-1: Allegiance Rewatch