PayPal and Square is great for Hobbyists. It is used by Tier #1 and Tier #2 Businesses only.
At Tier #2 and Tier #3, Business Owners “grow up” and realize how much PayPal and Square is great for Teens and Beginners.
There is a reason why it is not used by credible Business. The biggest problem with both of these companies is they hold your money, sometimes up to 1 year. They charge higher fees. A Red Flag that they are small time for small Business Players.
“Business Hobbyist” is a term that describes the Business Owners of Tier #1 and Tier #2. These are your Etsy Shoppe owner who owns one shoppe under an LLC and you are content no matter how successful you are or are not.
There is nothing wrong with Business Hobbyists. Not at all.
But a lot of Business Owners and Entrepreneurs get stuck at Tier #1 and are mistaken as Business Hobbyists by Predators and Scammers. You need to know if this is you. This is VITAL to you knowing if you are being targeted for a scam or not.