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Are you looking forward to starting a business? If yes, then it is quite normal to get confused over selecting a payment system that suits best your needs. One thing is clear, as being a smart person, you never would like to compromise the quality & reliability of your payment method. And at the same time, I know you want to save your hard-earned money by skipping the hefty fee demanded by many popular payment gateways. Not an issue, Cash App is here to help you. More specifically, a Cash App for business can help you to simplify your payment method.
The fact is, as long as Cash App by Square is available, there is no need to introduce a complex and sophisticated payment system. Now with the help of your favorite Square Cash App payment app, you can run your business with ease of mind. If the truth is to be told, there are many benefits of having a business account on Cash App. From safety to security and compatibility to fastness, in every aspect opening a Cash App business account is a win-win situation for you.
So, to help you understand how a business account on Cash App can do wonders, I am going to answer some of the commonly asked questions. Right below here you are going to get a quick overview of Cash App for business fees, limit, and use. Also, you will get to know the simple steps to change your Cash App business account to a personal one.
As we all know that in this material world nothing comes for free. So, Cash App is no different. This smart application also comes with minor fees and charges. Let me explain all the applicable fees for a Cash App merchant account. That being said does not mean that merchants have to pay for everything using a Cash App business account. A fee is applicable for a few things while many other tasks don't attract charges.
The limit for the Cash App business account is as mentioned here. Business account holders who have confirmed their identity on Cash App can send up to $7500 in a week. More important than this is the fact, that verified business account holders can receive unlimited money in a month. On the contrary, merchants who have not verified their Cash App business account, they can send only up to $250 and receive only $1000 in a month.
If you get to the ground level, you will find more similarities than differences between Cash App for personal and business accounts. But, still, there are a few differences such as business account holders who receive $20,000 in a month get a 1099-k form to file taxes. This feature is not available for personal Cash App account holders. The second biggest difference is the fact that merchant account holders on Cash App are allowed to create cash.me payment links and share through SMS, email, whatsapp, and even link it to their website and use it as a payment gateway
Also, remember one more thing receiving money through Cash App personal account is free. But, on the hand, this is not the case with a business account.
These are the steps to follow to change your Cash App account from business to personal after Cash App login:
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