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When a QuickBooks invoice is paid through PayPal or Venmo, transaction fees apply. PayPal typically charges 2.9% + $0.30 per transaction, while Venmo charges 3% for payments made with a credit card. These fees are automatically deducted from the payment amount before it is deposited into your account.

You shouldn’t use Venmo for certain transactions due to the following reasons:

Limited Purchase Protection: Venmo offers little protection for buyers, making it risky for purchases from strangers.

Privacy Concerns: Transactions are public by default, potentially compromising your privacy.

Security Risks: Although Venmo uses encryption, account hacks can still happen, especially if you have weak passwords.

Unauthorized Business Use: Venmo is designed for personal use; using it for business without proper authorization may violate its terms.

Potential Fees: Fees can apply for instant transfers or credit card payments, increasing costs.

To manage your ETH (Ethereum) address effectively on Venmo:

Add ETH to Your Portfolio:

Go to the “Crypto” tab in the Venmo app.
Select “Buy” and choose Ethereum (ETH) to purchase.
View ETH Address:

Venmo does not currently provide individual wallet addresses for crypto. Your ETH is held in a custodial wallet managed by Venmo.
Monitor Transactions:

Keep track of your ETH transactions and portfolio performance in the “Crypto” tab.
Transfer or Withdraw ETH:

Venmo does not allow transferring ETH to external wallets yet. Keep your funds within the app or sell them back to USD.
Secure Your Account:

Enable two-factor authentication and use a strong password to secure your Venmo account.
Manage your ETH on Venmo by purchasing, monitoring, and securing your account.

Yes, you can send money from PayPal to a Venmo account. Link your Venmo account…