Cash for Business is designed to help small business owners and entrepreneurs sell their goods and services, and manage their business more easily.
As a Cash for Business customer, you can connect with your customers by sharing your Cash App QR Code, $Cashtag, or email/phone number associated with your account. From there, you can easily receive payments from your customers who use Cash App.
With your business account, you’ll have a 2.75% processing fee automatically deducted on each payment you receive. Cash for Business accounts do not pay any fees for Instant Deposits, which means you get access to your funds instantly. Read more on Cash for Business Fees.
The IRS requires that Cash App generate a Form 1099-K for all Cash for Business customers who receive a certain amount of payments in the calendar year. See our Tax Reporting with Cash for Business article for more information.
Learn how to sign up for a Cash App account and switch to a Cash for Business account here.