5 reasons why you shouldn’t use Venmo for business transactions

For many years, Venmo was many small business owners’ go-to for taking payment in exchange for services. This was because it was one of the only smartphone-based options, which is no longer true. Many apps exist that allow you to bill for your services. You might be wondering why the app you use to receive payment matters—getting paid is getting paid, right?

Not quite. How you are collecting payments can bolster your earnings or lose you money to high transaction fees, poor professionalism, and a complicated process. Not to mention using the wrong payment processing app can clog your cash flow, leaving you with less money to reinvest and grow your business.

There are a few reasons to be choosy about the platform you use for collecting payments. Here we dive into why using Venmo to process business payments can lose you money, clients, and growth opportunities. We also cover why an all-in-one clientflow solution can help you save money, keep clients, and set you up for growth. Read more.