Business profiles allow individuals or sole proprietorships to accept payments for the sale of goods and services from customers on Venmo. Whether you’re selling homemade planters at a craft fair, serving up one-of-a-kind haircuts, or mowing lawns, a business profile makes it easy for your customers to find and pay you Venmo.
Who can create a business profile?
Currently business profiles are available by invitation only, but we hope to expand the feature in the future! If you’re invited, we’ll let you know in the app. In order to create a business profile, you’ll need an existing Venmo account. Check out this article for more info about creating your business profile.
Business profiles are built for individuals or sole proprietorships. If you’re the owner of a larger business looking to accept Venmo payments in your app or website, check out venmo.com/business.
Are there any fees?
Currently there are no additional fees associated with business profiles. In the future Venmo will charge the owner of the business profile a per-transaction fee of 1.9% + $0.10 on every payment made to the profile. You will be notified in advance when Venmo implements this fee. Make sure you’re familiar with the standard Venmo fees that will apply to you and your customers here: https://venmo.com/about/fees
Venmo users who make a payment to a business profile using a credit card will be exempt from the standard 3% Venmo fee on payments funded by credit cards.
Psst...I’m already accepting payments for my business on my personal Venmo profile. What should I do?
If you’re using Venmo to accept payments for the sale of goods and services, please direct your buyers to send payments to your business profile and not your personal profile. Please note that if someone pays you using the email address or phone number associated with your Venmo account, the payment will go to your personal profile (instead of your business profile) by default.
Your personal and business profiles will have different usernames, and you’ll have the option to create a new username for your new business profile. Or, you can use your existing username on your business profile and create a new username for your personal account. That way, customers can keep paying you the way they always have. Please check out the Venmo User Agreement to make sure your activity on Venmo is compliant and supported. Keep in mind that accepting payments for goods and services without an authorized business profile may result in restrictions on your Venmo account.
Can I get a Venmo Debit Card for my business profile?
Not yet. You can only apply for a Venmo debit card for your personal Venmo profile. For more information about transferring funds between your personal and business profile, visit this article.
How do customers find my business profile on Venmo?
Venmo users can find your business profile by searching your business name or username. Once you create your business profile, you and your customers can share the profile on social media and other platforms outside Venmo to get the word out.
When a customer is paying you in person, the easiest way for them to find you is scanning your Venmo QR code. You can find your code by tapping “Scan” at the bottom of the app and then tapping “My Code.”
What’s the “Popular among Venmo customers” label?
This label helps Venmo users identify businesses that are especially popular or active on Venmo. The label is added and removed automatically based on a variety of factors like how many customers you have.
How do I close my business profile?
In order to close your business profile, you’ll need to close your full Venmo account, including your personal profile. In order to do so, please contact us. Business profiles cannot be reactivated once they’ve been closed.
If your question isn’t answered on this page, check out our other Help Center articles about business profiles: