Joint account HELP

TJSneaks
New Community Member

Hi there,

 

Me and my friend want to start up a small online business buying and selling clothes.

We both have bank accounts however we want to put £100 each onto this paypal account so we can buy and sell with that money. Seeing as this is a partnership, we do not want one of our bank accounts tied to the account as it is unfair on whoever has to pay Paypal fees and also because its inconvient.

 

Is there any way we could both just deposit money onto this account without either of us having accesing to our bank details etc etc

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2 REPLIES 2

kernowlass
Esteemed Advisor
Esteemed Advisor

@TJSneaks

 

Paypal accounts are individual UNLESS you have a business account.

 

So you can only have x1 name on the account and a bank account linked in that name.


Advice is voluntary.
Kudos / Solution appreciated.
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TJSneaks
New Community Member

Yes we opened as a business account but seeing as we are just doing this as a small time thing we do not have a business bank account ?

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