Need URGENT Help! Business account Bank trouble

[InternetMarkete]

Hi all, I created a PayPal account today, a business account, individual as the type of business. Essentially, what I wanted to use the account for was to get money selling advertising spots on my websites, selling Bitcoin, getting money from the sales I get from affiliate links I use and so fourth. I created a business account and the business type was individual. I was looking to verify all my information and started with my bank account. I added my bank account but noticed that the bank owners name was my business name I put in PayPal and my bank account isn't a business one, it is a student aaccount with my full name as the bank account holders name. What do I do?

[PayPal_Arda]

Hi InernetMarkete,

Welcome to PayPal UK Community,

Even though your business type is individual, you still need to register a business bank account. You need to have a business bank account to use on a business PayPal account. If you are not a registered business or your don’t have a business bank account, you can downgrade your PayPal account any time and start using your personal bank account. You can still do the same selling activities form your Premier PayPal account. In case you need this info, here is how to downgrade to a Premier PayPal account:

1. Go to www.paypal.com/uk and log in to your account.
2. Click Contact near the bottom of any page.
3. Select Email us.
4. Choose ‘Managing My Account’ in the Topic box, then select ‘Change account type’ in the Subtopic box and lastly select 'Downgrade my account' from the drop-down box.
5. In the Message field please write that you would like to downgrade your account and the reason why. Then, click Submit.
6. We'll review your request and email you back within 24-72 hours.

I hope this helps.

Have a great day and many thanks for choosing PayPal to do business 🙂

Arda