Please please please fellow small businesses never do this. the second you have money in an app, transfer it to your bank. these apps can lock your funds whenever they want for however they want for no reason. and good luck convincing them to give it back!
Over a third of GenZ and Millenials are using "peer to peer" fintech, digital banks -- PayPal, Venmo, Cash app, Zelle etc. -- as their primary checking account provider. That's nearly a trillion dollars in total of completely uninsured deposits.