Co-mingling personal and business expenses to vendors

[David Cianci]

Hello all,

I just started a rental arbitrage business. I need to pay my first vendor for services they did for my business. The vendor asked to receive payment from Venmo which I use my Venmo account for personal usage. I have been told that I should not co-mingle my personal expenses and business expenses on one platform. Should I make a PayPal account for strictly business purposes to use instead?

On a side note as well, should I make a business bank account strictly for paying employees when I eventually bring them on shortly? I already have a business bank account for storing my revenue, but I wasn't sure if I should pay my employees from that business bank account or make a completely separate one for that.