At VBO Hub, it’s up to you and your VBO to decide on the payment arrangement that works best for you. We help you come together, but you pretty much take over from there. However, we have provided you with a few valuable resources to help you make the working relationship smooth. If you’re wondering what options are available to you in terms of paying your VBOs, we’ve got you covered. Here are a few ways to pay VBOs:
Checks
This may not be the preferred payment method for younger VBOs — since checks are pretty antiquated to them — but it is still an acceptable payment method. The downside for payment via check is that VBOs have to wait for their payment to arrive in the mail, which can take weeks. There are faster options available.
Direct Deposit
If you’re working with a VBO on a recurring basis, it could be a good idea to set up direct deposit for them. One of the benefits of direct deposit is that it features robust security measures that other payment methods don’t. Note that you will have to pay a small transaction fee that ranges depending on the financial institution.
PayPal
PayPal is a well-known platform for making secure online payments, and it’s quite popular among VBOs. There are several advantages to using PayPal. For example, you don’t need an account to make payments, and you can make payments within minutes. PayPal is simple to use and trusted all over the world.
Venmo
For smaller, short-term projects, Venmo is a great option. Venmo is an online wallet that allows account holders to transfer money to one another for a minimal fee. It’s very easy to use. You just have to connect your bank account or debit card, load up your balance, and send payments.