Venmo starts 'Business Profiles' for smaller firms

Thursday, 02. July 2020 01:10

The PayPal-owned mobile payments app, Venmo, announced it is starting its new feature called "Business Profiles."

It aims to offer small businesses a more professional profile page on its platform. In that way, smaller traders will be enabled to do business without establishing a larger web presence.

Venmo noted in its statement that in the future, business owners would be charged a per-transaction fee of 1.9% + $0.10 on every payment made to their profile.

Related Links: PayPal Holdings Inc.
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Breaking the News / TF