questions about my paypal..

[sharon6345]

I have a business  account and wanted to know what is the difference between a business account and a personal account. I want to switch from one to the toher since I closed my store.

how do I change the info listed as my business name  to my real name.

thanks so much

[snowshoe]

If you want to switch from a Business Account to a Personl Account, you must contact customer support for assistance.

From the Help FAQs:

All PayPal accounts allow you to send and receive payments.

• Personal: Recommended for individuals who shop and pay online, or wish to send or receive personal payments for shared expenses such as splitting of dinner bills or rental charges.
• Premier: Recommended for casual sellers or non-businesses who wish to get paid online, and who also make online purchases.
• Business: Recommended for merchants who operate under a company/group name. It offers additional features such as allowing up to 200 employees limited access to your account and customer service email alias for customer issues to be routed for faster follow-ups.

[sharon6345]

Thanks for letting me know this. do I pay taxes or fees on money sent to me as a gift? I was told I have to file taxes if someone sends me up to $600 in gifts. thanks for the help.

[snowshoe]

Suggest reading up on paying taxes on gifts - here's an IRS link.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Ta...

[sharon6345]

thanks it helped me out. take care

[snowshoe]

Nice ... suggest marking your post solved, else someone will tag a question totally unrelated to yours.  Happens all the time.

[sharon6345]

thanks this post is now closed.