Venmo for Small Business
Key Points:
- Venmo can be used for business transactions, not just for splitting expenses between friends and family.
- Small businesses can use Venmo as a payment option for customers, providing a convenient and quick method of payment.
- Using Venmo for business transactions requires creating a business profile on the app.
- Venmo charges a 1.9% fee for each transaction made with a business profile.
- Businesses can also use Venmo to make payments to suppliers or contractors, simplifying their financial transactions.
Who would have thought that Venmo, the app we use to split the bill with our friends, can actually be a handy tool for business transactions? Small businesses can now take advantage of this convenient payment option and make their customers’ lives easier. By creating a business profile on Venmo, businesses can accept payments from customers through the app, giving them a quick and hassle-free experience. However, keep in mind that there is a 1.9% fee for each transaction made with a business profile. In addition, businesses can also use Venmo to streamline their own financial transactions by making payments to suppliers or contractors. Venmo is not just for splitting pizzas anymore!
Original article:https://smallbiztrends.com/2024/01/venmo-for-business.html
