Personal vs business account for small non-profit membership assoc.

HHNA
New Community Member

I have a personal account.  We are interested in opening a new account for a small (175 members) non-profit neighborhood assoc.  to collect dues.  Can we use a personal account or do we need to use a business account?  

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2 REPLIES 2

Snow-Cat
Advisor
Advisor

Since you have an HOA, a Business Account would be best - this keeps your personal world and the organization's world separate.

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kernowlass
Esteemed Advisor
Esteemed Advisor

@HHNA

 

You can use a personal / premier account for selling, you only need a business account if you are a registered business OR high volume seller.

HOWEVER you are ONLY allowed 2 paypal accounts and only then if x1 is business and the other x1 is personal / premier.

 

Have you looked into using a Paypal 'money pool'?


Advice is voluntary.
Kudos / Solution appreciated.
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