Last July, we shared the news of a new tool piloting on Venmo that allowed sole proprietors and casual sellers to sign up for a business profile on Venmo to accept payments for goods and services.
Today, we are excited to share that business profiles are now officially available for all small businesses, including sole proprietors and casual sellers, to create a profile directly from the Venmo app. Businesses can now get discovered, organize their business transactions and easily accept payments from customers touch free, all while leveraging the same social experience nearly 70 million Venmo customers enjoy when using the app with friends and family today. Creating a business profile also allows you to keep your business transactions separate from your personal ones, as you can seamlessly switch between profiles in the app, all with the same login.
More than 150,000 businesses have already signed up for a profile to help grow their business ranging from professional services, artists, real estate services, personal trainers, beauty shops and more.
To further facilitate payments and support small businesses, Venmo is waiving seller transaction fees until April 1, 2021.*
Sign up for a business profile by tapping your profile picture in the app or clicking on the menu icon. You can also find more information about how a business profile can help you grow your business here or by following Venmo on Instagram or Twitter for updates. If you already have a business profile and have questions, we encourage you to visit the Help Center.
* After April 1, 2021, business profiles will be charged 1.9% + $0.10 per transaction they receive. Fees subject to change. Other fees may apply.
