What is Cash for Business?
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, we’ll automatically deduct a 2.75% processing fee on each payment you receive. We’ll also issue a Form 1099-K if you receive a certain amount of payments in the calendar year.
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.