Is it possible to have more than one Business Account?

OceanRelic
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Contributor

This is more of a hypothetical, but I've read claims on other sites that you can have more than one Business account as long as each account is associated with a different business/pen name/brand. Like if someone creates content (art, writing articles, etc.) under two different pen names and wants to keep transactions between the two separated. Is this allowed? Would you also need to set different addresses for each account, or is it okay for them to have the same "work address" as long as they are different "brands"? I know people can have at least one Personal and one Business account, and both can be set to your home address if you don't have a separate business address. So then wondering if that's the same case with multiple Business accounts, if possible.

 

If it is possible to have more than one Business account in the first place, do the different accounts need separate sources for funds? I would assume yes, but figure I should ask anyways. Example, a person with separate Personal and Business accounts has a debit card and checking account connected to the Personal account, and a credit card to the Business account. If the person wants to open another Business account for a new brand/pen name, would they have to open a new bank account or credit card specifically for the second Business account?

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OceanRelic
Contributor
Contributor

@kernowlass 

 

So then the option for Parent/Child accounts as mentioned in this topic is unavailable now? PayPal doesn't mention it in their knowledge base, but I suppose it is a different situation from what I asked here anyways. Thanks for responding!

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kernowlass
Esteemed Advisor
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@OceanRelic 

 

That thread was dated 2011 !!

And parent / child accounts were mainly U.S and are no longer available.


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