Can we use PayPal, Square Cash, Venmo, Zelle, etc. to collect money?

No. As per the Terms of Service of these providers, collecting money for the purpose of international remittances is not allowed. If you are classified as a money services business and/or are engaged in money transmission, then, you cannot use their services for receiving &/or sending money without first obtaining a no-objection certificate from them. If you do, both, your user and you would be in direct violation of the various terms of service, and the account(s) and the monies can be suspended and forfeited respectively.

You might want to watch this brief video for further clarification:

[103] 3rd Party Payment Apps? It Might Be Illegal To Use Them!

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This page was last updated on February 20, 2023.

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