Paypal for Social Clubs

I have a personal Paypal account set up for a not for profit social club at work. What account do I use as its suggesting a business account? And what type of business do I enter it as? Why can't I just provide documentation and leave it as a personal account?

 

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kernowlass
Esteemed Advisor
Esteemed Advisor

@MalagaSocialClu 

 

If you are not a registered business or high volume seller then why would you need a business account?

You can receive funds on a personal account and sell if you wish to but a word of warning.

 

If its a personal account then it has to be in a persons name and you can only have 1 personal account per person.

If you put the social clubs name on then to withdraw any funds you would have to have a bank account in the same name AND upgrade to a business account as a social club is not a person.

 

If you want to receive funds on the account then you can accept friends/family payments if you are not selling OR set up a money pool.


Advice is voluntary.
Kudos / Solution appreciated.
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