Account Usage

JohnEasttom
Contributor
Contributor
I currently run a small lawn care service and have no employees. Just me and my wife. We also plan on selling some home made items online. We won't have any inventory to track. We currently use square but also have a PayPal personal account amd were thinking of combining everything to use only PayPal. We want to have freedom to semd and receive money from friends and family but were wondering if we would technically have 2 seperate accounts or would it all be tied together? Would the money be available from the same account?
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2 REPLIES 2

kernowlass
Esteemed Advisor
Esteemed Advisor

@JohnEasttom 

 

You can sell on a personal account as well as purchase or receive payments from friends/family.

You only need a business account if you are a high volume seller / registered business OR paypal requests that you upgrade.

But to accept funds into your paypal personal account read the link....

https://www.paypal.com/us/smarthelp/article/what-can-i-do-with-my-personal-paypal-account,-paypal-ca...


Advice is voluntary.
Kudos / Solution appreciated.
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JohnEasttom
Contributor
Contributor
I am definitely far from high volume but I would like to keep business seperate for tax purposes.
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