Do You Use Venmo?

Venmo Alternative Solutions

Many people use money transfer or payment processor apps such as Venmo. They truly come in handy because they are so simple to use and have no or very low processing fees.

For that reason, many businesses are using Venmo for business transactions. Although it may seem fine, we urge you to stop immediately. That is unless you have an approved business account.

From what we have seen businesses on Venmo are usually operating as a personal account and according to Venmo’s terms “ Venmo may NOT otherwise be used to receive business, commercial or merchant transactions, meaning you CANNOT use Venmo to accept payment from (or send payment to) another user for a good or service.”

The app is to be used to make payments to friends or family unless you have an approved Business Venmo Account.

If Venmo suspects you are receiving payments for goods or services in a personal Venmo account here is what can happen:

  • The sender could lose their money without ever getting what they paid for.
  • If you accept a Venmo payment from someone for a good or service and Venmo later reviews the payment, they may reverse the payment, meaning you could lose both the payment and the item sold. This review process may not occur until after you attempt to transfer the funds out of Venmo.

Your alternative options:

  • Venmo Business Account and make sure to read the terms!
  • QBO Merchant Services
  • com

Not using the correct payment processors can make bookkeeping a disaster! If you would like to discuss other payment solution ideas and bookkeeping services CLICK HERE to book a call with one of our team members!


Your Guide to Set Up Subcontractors the Right Way

Are you having trouble collecting information from your subcontractors? Download our “Subcontractor Checklist Packet” to know what you need from them for 1099’s, workman’s comp, and liability audits. We’ve even included a contract for reduced liability!

Melanie Jerome, MBA


Meet Melanie J, one of our senior staff accountants! Melanie ensures your financial health with precision and expertise. Beyond the office, she’s a true crime enthusiast who loves traveling and outdoor adventures. Whether she’s balancing books or exploring new trails, MJ’s dedication and skill set the standard for excellence in our team.

Seren Lunsford, MBA


Meet Seren, one of our dedicated staff accountants here at level accounting! She is responsible for bookkeeping & payroll. Outside of the office, you can find her on the sidelines of a soccer pitch, karting track, or baseball diamond, cheering on her two active boys. Seren is also a proud owner of two gentle giants, her beloved Great Danes. In her downtime, she channels her creativity into baking and decorating sugar cookies, always eager to experiment with new baked goods ideas and recipes. With her expertise in accounting and her passion for family, pets, and baking, Seren brings a unique blend of professionalism and warmth to our team.

Ivette Rivera


Ivette Rivera is our Executive Assistant at Level Accounting, juggling schedules and keeping things running smooth.

When she’s not crushing it at work, Ivette is an avid participant in her church community. As a mom, she’s all about those quality moments, whether it’s baking up a storm, hitting the water for some kayaking fun, or just chilling with a good book or binge-worthy show. And let’s not forget her partners in crime at home: Harley Quinn, the fridge-raiding pit bull, and Atlas, the cat who rules the roost. Ivette’s all about that balance between work hustle and personal bliss.