In the United States, 75% of small businesses are owned and operated by sole proprietors, Venmo has developed a new way to enhance your online profile, while allowing you to accept payments for goods and services. . The mobile payment provider has created business profiles, which allow small business operators to create a much more professional profile page found on their platform. Business Profiles is currently a limited pilot project, but is intended to allow Venmo users to improve the appearance of their online presence. Key details such as address, phone number, email, and website information, as well as other company-specific facts and figures, will be visible via Venmo's social media and search options. The company profiles route seems to be good for small or micro businesses, or for sole proprietors and freelancers doing a little work on the side.
Profile construction
In a blog post, Venmo highlighted its attraction to so-called secondary scammers who may already have a job and another job, often buying and selling products and services to increase their income. Venmo has a community of over 52 million users, so being able to advertise your profile, what you offer, and process payments at the same time could make corporate profiles a success. In addition to creating profiles, subscribers will be able to use contactless transactions using a Venmo QR code, which can be sent directly to customers via email, SMS, or AirDrop. Above all, the program will allow you to switch from your company to your personal profile under the same connection. It will also be possible to track business transactions separately to facilitate bookkeeping. Company profiles launch today for a limited number of users on iOS, but will also be available on Android in the coming weeks. Venmo says that at launch, sellers will be able to access company profiles at no additional cost, though fees may be subject to change.