![]() QR Kits for easy, touch-free payment options.Ability to enable tipping on payments your business receives.You should consult a tax professional regarding your reporting of these transactions. This information is not intended to be and should not be construed as tax advice.Formal tax documentation for business profiles that meet or exceed federal and state reporting thresholds.Ability to refund customers directly from the Venmo app.In-app photo gallery to feature products and services (only available for some industries).Options to provide potential customers with more information about your business, including links to a website and social media accounts.Ability to generate referrals among socially engaged Venmo users.Increased visibility for your business in the Venmo feed.Some benefits of creating a business profile include, but are not limited to: By creating a business profile, you’ll gain access to specialized features like enhanced payments and more. What are the benefits of using a business profile?īusiness profiles are designed with your business needs in mind. įor more information on how to create a business profile, check out this article.Īre there any fees for business profiles? ![]() You can learn more about how to use your business profile here. During signup, you’ll have the option to create both of them at once! If you're new to Venmo: You’ll be required to create a personal account if you’re also interested in creating a business profile.Look for the “+ Create Business Profile” option in the drop-down near the top of your screen and follow the prompts. If you already have a personal Venmo account: Once you have the Venmo app open, g o to the "Me" tab.We’re working to make business profiles available to all users, and you’ll see the option to create one in your app when the feature is available to you. Read more about business profile fees and how taxes work on Venmo. It’s worth noting that business profiles are subject to fees and tax reporting requirements. They allow Venmo users to create a separate Venmo profile linked to their account to accept payments for goods and services. 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 on Venmo.īusiness profiles are built for individuals, or sole proprietors, associations/clubs, and registered businesses. Business profiles allow Venmo users to accept payments for the sale of goods and services from customers on Venmo. ![]()
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