2 Businesses

Loizos6
Contributor
Contributor
I have a business in my home country (not UK). I will open a legal business in UK for some investments I will make. Will I be able to own 2 Businesses (different names, phones, emails, credit cards etc)? Because PayPal states that you can have 1 Business and 1 personal. But it also states that as long as the accounts have different names, phones, cards etc this should not be an issue.
Login to Me Too
3 REPLIES 3

kernowlass
Esteemed Advisor
Esteemed Advisor

@Loizos6 

 

You are not allowed x2 business accounts unless you contact customer services and they make an exception.

Also you are not allowed an account in a country where you do not live.  


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Loizos6
Contributor
Contributor

The PayPal Account in UK will be for the Business that is located in UK. The business (legal entity) will open a PayPal into the country that is physically located (UK office address, UK Tax ID, UK phone etc). About the 1 Business only, are you sure? I think what that means is that if your name for example is "ABCD" you are allowed to have a Personal Account for "ABCD" and another Business Account for "ABCD" aka 1 Personal and 1 Business. Since a legal entity (business) is a separate entity from its owner I think this rule does not apply here as all information for the new Business account will be 100% different than my other personal or even 2nd business account. But if you are 100% sure I guess I will need to check it again.

 

 

Login to Me Too

kernowlass
Esteemed Advisor
Esteemed Advisor

@Loizos6 

 

I said you can't have x2 business accounts (unless customer services approves that), you can have 2 accounts as long as one is personal and the other one is a business account as per link.

 

 https://www.paypal.com/uk/cshelp/article/can-i-have-multiple-paypal-accounts-HELP317


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.