The application “Venmo” announced that allowing personal users to sell products through personal accounts, and the user will not have to create a special account to sell goods using payments.
The report, published by the American newspaper “Wall Street Journal”, indicated that the “Venmo” company changed its policies regarding allowing the sale of goods and services through personal accounts.
Each user will have to pay a fee estimated at 1.9% of the price of the item, in addition to 10 cents applied to business users.
Venmo will handle various types of payments, in order to protect users’ purchases, in connection with business money transfers.
Venmo has assigned personal accounts daily tasks, such as splitting bills and receiving stimulus checks, and has warned that it may ban the account if it uses your profile for work, without the app’s permission to do so.