1890
3 min 58 sec

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?
Q&A

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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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