Square revolutionized the credit card processing market for small business, and they are a very popular payment processing solution. But there are so many other mobile apps out there now that make it possible for you to get paid online – Venmo, CashApp, ApplePay, AmazonPay, GooglePay, FacebookPay. We discuss:
– Which payment apps can be used for business as an individual service professional and which should just be for personal use?
– Are there any limits to using these payment apps for business?
– How do you figure out which payment processing solution is best for you?
– Does your payment processing solution have to integrate with your other business tools?
Jim Angleton, the President and CEO at Aegis FinServ Corp, a global financial and business intelligence firm, is here to discuss whether or not independent service professionals should use Venmo for their business. He shares some limitations around using a payment system like Venmo, whether or not there are security issues, and whether or not these apps check your credit history and credit score.