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Business or Personal account?

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Contributor

Business or Personal account?

Hi so my friend wanted to open a PayPal account since he occasionally makes online sales but not too often and he doesn't send money to family so I'm trying to decide whether he should get a personal or business account. He doesn't have an actual business, he just sells stuff online like eBay and Instagram and would like the seller protections
1 ACCEPTED SOLUTION

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Esteemed Advisor

Re: Business or Personal account?

@svetanderson 

 

You can sell on a personal or a business account and you have the same seller protection with both as long as you do NOT accept payment from buyers via the friends / family option.

 

I sell on Ebay and have for years on a personal account.

You only need a business account if you are a registered business / high volume seller / or ebay or paypal requests that you upgrade / or you want the extra perks of customising invoices with a business account.


Advice is voluntary.
Kudos / Solution appreciated.

View solution in original post

1 REPLY 1
Highlighted
Esteemed Advisor

Re: Business or Personal account?

@svetanderson 

 

You can sell on a personal or a business account and you have the same seller protection with both as long as you do NOT accept payment from buyers via the friends / family option.

 

I sell on Ebay and have for years on a personal account.

You only need a business account if you are a registered business / high volume seller / or ebay or paypal requests that you upgrade / or you want the extra perks of customising invoices with a business account.


Advice is voluntary.
Kudos / Solution appreciated.

View solution in original post