What is the Difference between Business and Personal Cash App?
When you open a Cash App account, you can choose between a personal account and a business account. While both have different limits, the business account is flexible and can handle more transactions. You can switch between the two at any time. There are also many benefits to having both accounts. Read on to learn more about Cash App for business vs personal. Having a personal Cash App account is more convenient for people who don't want to share their cash.
A business Cash App account is different from a personal account in the following ways:
- For instance, a business account allows you to receive unlimited cash from your customers without a fee.
- While a personal account does not have a fee, business account holders must pay a fee of 2.75 per transaction.
- Using the Cash App for business allows you to receive unlimited amounts of money from your customers.
- A business account can only receive cash from customers with an account with the company.
- While a personal Cash App can be used for personal purchases, businesses can pay for goods and services. For example, if you run a shop or drive a cab, you can open a Cash App business account. A business Cash App account is free, while a personal account is not.
- If you want to keep both accounts, make sure to create separate accounts with different bank accounts and cards. You can't use the same card for a business and a personal one.
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