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Offering Venmo as a payment option

  • 1.  Offering Venmo as a payment option

    Posted 07-13-2021 16:55
    I am curious to know if any CFMA Member Companies are offering Venmo as a payment option to their customers.
    I did some very preliminary research.  It appears Venmo for business charges 1.9% + $0.10 for transactions over $1.
    We are running into more and more folks who don't have checking accounts.
    We could take credit cards, but have a pretty strict credit card policy for payments.

    I would like to hear some business' thought processes and, if possible, implementation stories.

    Thank  you in advance.

    Joseph Harper CPA, CCIFP
    Greater Dayton Construction Group
    Beavercreek OH
    (740) 607-1449