CashApp for Business: How to Accept Payments and Grow Your Brand
In today’s mobile-first economy, customers expect simple, instant payment options. And if you’re a freelancer, entrepreneur, or small business owner, using CashApp for Business could help you collect payments without the overhead of traditional POS systems.
Here’s everything you need to know about how CashApp can power your business transactions—from setup to fees to daily use.
🛒 What Is CashApp for Business?
CashApp for Business is a version of the regular CashApp account designed for individuals or brands that want to accept payments for goods and services.
You still use the familiar app, but with added tools for reporting and compliance. It’s ideal for:
- Freelancers and side hustlers
- Hair stylists, barbers, nail techs
- Food vendors and mobile businesses
- Personal trainers and coaches
- Local service providers
⚙️ How to Set Up a CashApp Business Account
- Download or open CashApp.
- Tap your profile icon (top right).
- Scroll to “Account Type”.
- Switch from Personal to Business.
- Add your business name and details.
That’s it—you can now accept business payments with your $Cashtag!
💵 What Fees Apply?
Unlike personal CashApp accounts, business accounts have a small transaction fee.
| Transaction Type | Fee |
|---|---|
| Receiving a payment | 2.75% |
| Sending money | Free |
| Instant transfers | 0.5%–1.75% (optional) |
| Standard bank deposit | Free (1–3 days) |
💡 You’ll never pay a monthly fee or setup charge.
🧾 What About Taxes?
Because it’s a business account:
- You’ll get a 1099-K form if you process $600 or more annually.
- It’s your responsibility to report income to the IRS.
- CashApp does not automatically deduct taxes—you must handle that on your own or with an accountant.
📈 Benefits of Using CashApp for Business
✅ Instant setup — no long applications or merchant onboarding
✅ Recognizable brand — many customers already use CashApp
✅ Custom $Cashtag — easy to share or post on signs/social media
✅ Contactless payments — ideal for in-person sales
✅ Simple reporting — view all transactions and export for accounting
🚫 Limitations to Be Aware Of
- No traditional invoices or recurring billing
- No itemized receipts or tipping tools
- Business transactions can’t be reversed (no buyer/seller protection)
- Limited features compared to Stripe or Square for full-scale businesses
💬 How to Accept a Payment
It’s easy:
- Share your $Cashtag or QR code
- Ask the customer to enter the amount
- Get notified instantly when it lands in your balance
- Use your Cash Card or transfer funds to your bank
You can also request payments by email, text, or direct link.
👥 Can I Have Both Personal and Business Accounts?
Technically, no—you can only have one CashApp account per phone number or email. However, many users operate a separate business phone or email for their business profile.
Final Thoughts
If you’re just starting out or need a simple, mobile-friendly way to collect payments, CashApp for Business offers an easy solution with minimal setup and no monthly fees.
It may not replace a full merchant processor, but for freelancers and local service providers, it’s a fast and cost-effective tool.