How to Set up a Cash App Business Account: A Step-by-Step Guide
With the rise of online transactions and contactless payments, having a cash app business account can make your life easier. Cash App is a popular mobile payment service that allows users to send and receive money quickly and easily, making it an attractive option for small business owners. In this article, we’ll provide you with a step-by-step guide on how to set up a Cash App business account.
Step 1: Download and Set Up Cash App
To set up a Cash App business account, you’ll first need to download the app from the App Store or Google Play Store. Once you’ve downloaded the app, open it and tap on the sign-up button. Enter your email address or phone number and create a unique username. You’ll then be prompted to link your debit card or bank account to your Cash App account.
Step 2: Verify Your Identity
As a business owner, you’ll need to verify your identity to use Cash App fully. Tap on your profile icon in the top left corner of the screen, then select “Personal” by tapping on your name. Next, tap on “Account,” then “Personal Information.” Here, you’ll need to enter your full name, date of birth, and the last four digits of your Social Security number. If you have a business, you’ll also need to provide additional business information, such as your business name and Employer Identification Number (EIN).
Step 3: Enable Business Payments
To enable business payments, you’ll need to upgrade your Cash App account to a business account. Tap on your profile icon, then select “Business” by tapping on your name. Next, tap on “Create Business Account,” and follow the prompts to enter your business information, such as your business name, industry, and EIN. Once your business account is set up, you can send and receive payments under your business name.
Step 4: Customize Your Account
You’ll want to customize your Cash App business account to reflect your brand. Under “Business Account,” tap on “Business Settings,” then “Payments.” Here, you can customize your business profile and add a business logo.
Step 5: Start Using Your Cash App Business Account
Once your account is set up and customized, you’re ready to start using your Cash App business account. You can send and receive payments, request money from clients, and track your transactions all within the app. Cash App charges a 2.75% fee for business payments.
In conclusion, setting up a Cash App business account is a straightforward process. Follow these steps, and you’ll be up and running in no time. With its ease of use, Cash App can be a valuable tool for small business owners looking to streamline their payment process.
