Personal account to Business account cliff notes

MikeBHC
Contributor
Contributor

Looking for a run down of what happens when I change my personal account to a business account. Wll I be locked from consumer purchases, friends and family payments, etc.

 

Just the basic pros and cons. If there is an article which answers all my question, I'd appreciate a link.

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

You can send/receive with all accounts.  See link for more info:

https://www.paypal.com/us/selfhelp/topic/ACCOUNT_TYPES_US


Kudos & Solved are greatly appreciated. 🙂
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Whac-A-Mole
Frequent Advisor
Frequent Advisor

@MikeBHC wrote:

Looking for a run down of what happens when I change my personal account to a business account. Wll I be locked from consumer purchases, friends and family payments, etc.

 

Just the basic pros and cons. If there is an article which answers all my question, I'd appreciate a link.


not much difference,but you can apply for a Paypal business debit card and use it as a credit card,Paypal gives you 1% cash back.

other than that,not much BUt it could be a big pain,as someday Paypal may ask you for some documents and what you present and what you registere as business name better agree.

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