Q&A: Is it unprofessional to use Venmo for business payments?
Today’s caller uses the mobile payment service Venmo for both personal and work use—but as they’re expanding into a new business, they’re worried it’s not considered professional enough. Do they need a merchant account?
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What It's About
Today's caller wants to know if there is a right way to get paid.
Notes from Chris
Episode 1890
Today’s caller uses the popular mobile payment service Venmo for both personal and professional use—but as they’re expanding into a new business, they’re worried it’s not considered professional enough. Do they need a merchant account? A blockchain ledger? A gold treasury in which to receive payments? Okay, maybe not those last two, but the point is: is it okay to only use a more informal payment network like Venmo for business transactions?"I want to use Venmo as the exclusive payment option for my delivery business. It's what my friends use, and most people I know are pretty familiar with it. It's so easy, you just pull out your phone and pay someone. But part of me thinks that this is unprofessional and that I should offer other options as well. Am I wrong to think I can get away with only offering Venmo for payment?"Listen to today's episode to learn more...
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