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I am writing this in regard to setting up a business account as an indivdual owner. But the process of setting up the account seems quite long drawn for the kind of service i will be providing for the customers. So this business i will be a part of is mostly kind of freelancing where you review websites' usability and simply get paid for your thoughts and opinions, as simple as that. I give them my opinions/review and i get paid for it. So you see this is purely out of hobby when i want to make a couple extra bucks for my own expenses(i am still a student).
So, now that you know the context, the trouble i am facing setting up the account is when i have to fill up some PayPal's Name on Card Statement field which is constitutes of 11-alphanumeric characters. What is that?? Cant i do without it? If not how do i get it? Am i even asking the right questions? I need this cuz i dont want to pester my parents for my daily expenses. The process seems difficult for the nature of transactions like these.
Would really appreciate some light on this.