Two business accounts for separate companies with separate bank accounts?

bdimitrova
Member
Member

Hello, 

 

I already have a verified personal account and a verified business account. I'm in the process of registering a second company that will be a separate legal entity, with separate bank accounts and cards. Can I open a new business PayPal account for the new company (with new email), considering the fact that it'll have to be under my name again?  

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3 REPLIES 3

DPCreations
Frequent Advisor
Frequent Advisor

You wouldn't be able to use the same SSN on 2 accounts.  Will both have the same address?  Will they have separate phone numbers?

It might be a good idea to get direct information from PayPal customer support to make sure you get it right.

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bdimitrova
Member
Member

I'm not in the US so we don't have SSN (and I didn't have to provide one for my existing business account). The business equivalent to EIN - a UIC will be different for both companies. Either way, I guess you're right, I'll go to Support for more accurate info. Thanks : )

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kernowlass
Esteemed Advisor
Esteemed Advisor

@bdimitrova

 

You are only allowed 2 paypal accounts and only then if x1 is personal and the other is business.

 

If you want a second business account you would have to contact customer services and ask them if they will allow it.


Advice is voluntary.
Kudos / Solution appreciated.
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