@PreetyQ
Personal accounts
If you primarily need to make purchases, a personal account is probably right for you. With a personal account you can buy goods and services from sellers.
You can also use a personal account to receive money for the sale of goods and services, but if you plan to use your PayPal account primarily to sell things/services, you should consider a business account. You can convert your PayPal account from a personal account to a business account should circumstances change.
Business accounts
We recommend business accounts for people and organizations that primarily use PayPal to sell goods or services or accept donations, even if your business is not incorporated. With a business account, you can do things like:
- Use a company or business name as the name on your PayPal account.
- Allow employees access to some of the features of your PayPal account.
- Sign up for PayPal products that meet your business needs.
Business accounts may be subject to different fees than those applicable to personal accounts.
By opening up a business account or converting a personal account to a business account you certify to us that you are using it primarily for a business or commercial purpose. You also consent to PayPal obtaining your personal and/or business credit report from a credit reporting agency, in accordance with and subject to applicable law, at account opening or conversion and whenever we reasonably believe there may be an increased level of risk associated with your business account. To receive payments, you must link a bank account to your PayPal account and provide other information as may be required to verify and authenticate your bank account and activate the PayPal Service.
If you’re a casual or pro seller, learn more about how to start receiving PayPal payments.
You also need to complete KYC process in order to receive payments.
Kudos & Solved are greatly appreciated. 🙂
