The first thing you should know is that a Cash App business account has higher transaction limits. You will also be issued a 1099 tax form at the end of the year, which you need to report income other than your employment. A business account also has a smaller building icon. To verify a Cash App account, simply enter your personal information and click “Submit”.
To verify your identity, you must be at least 18 years old. To do this, you can take a photo of your government-issued ID and a selfie. Once the verification is complete, Cash App will update its status within a day. Once you’re verified, you can send money to yourself or others. To get your cash in the app, make sure to follow the instructions carefully.
If you’re not sure, you can always change your Cash App account to a personal one. To do this, go to the profile tab and click on “Change Account Type.” Enter a different email address and bank account to sign up as a business. You’ll also need to change your phone number if you’re registering for a business account. If you’re having trouble making the switch, contact Cash App Customer Support.
It’s important to understand that a Cash App business account is different than a personal one. If you’re a merchant or small business, a business account has more features and options for you. A business account allows you to make unlimited payments, whereas a personal Cash App account charges a 2.75% fee for every payment. You can change the account type if you want to avoid the 2.75% fee.