Re:Venmo, PayPal and Zelle must report $600 in transactions ...
by nborwankar on Tuesday January 18, 2022 @12:15PM
(#29982279)
Sometimes vendors don’t offer credit cards because their own credit is not good and they can’t get a merchant account. Or if they can it’s with huge per-transaction charges. This is particularly problematic when starting out and not having enough sales to get better rates Eventually when/if they grow they qualify. With the emergence of Venmo et al the chronically small vendor may never be motivated to get credit cards.
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