How much will changing my account from Personal to Business affect me?

Laura40
Contributor
Contributor

I'm recently trying to get a novel published- or at least fluffing around with some online and getting that ironed out along with posting some chapters and going from there -so I swapped to a buisness account from my personal Just In Case. As far as I've read this change will really only affect people buying from ME, not me buying from them so it seems me sending money to others or buying from etsy won't be affected by the change, it's only something that'll take a small fee if someone gives me money to my paypal account- is this correct?

 

Sorry if this is repetitious, I just like to be reassured in case I've been mistaken and have to switch back to Personal. I'm basically in the infant stage of a budding business and just want to be sure to avoid any mishaps.

 

- Laura

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

If you sell something and receive funds, yes, you will be charged PayPal fee.  You do not pay a PayPal fee when you make purchases or send a personal payment with your bank account or funds from your PayPal balance, domestically.


Kudos & Solved are greatly appreciated. 🙂

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

If you sell something and receive funds, yes, you will be charged PayPal fee.  You do not pay a PayPal fee when you make purchases or send a personal payment with your bank account or funds from your PayPal balance, domestically.


Kudos & Solved are greatly appreciated. 🙂
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Laura40
Contributor
Contributor
Thank you! 🙂
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Faithhutchinson
New Community Member

Hello please i need my account downgrade to a personal account i dont want a business account anymore OK

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Faithhutchinson

 

Contact PayPal customer service to downgrade. 


Kudos & Solved are greatly appreciated. 🙂
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