Can A PayPal account be setup for a small dog sport club that makes no profit

RNMSDC
New Community Member

Hi everyone,

 

I was really unsure where to put this. 

 

Is it possible to setup an account for a small club less than 20 members that does not make a profit. For the payment of things like t shirts etc  

 

Thanks in advance. 

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@RNMSDC

 

As your not a business then its best to set one up as a personal account in someones name and then look into receiving funds into a 'money pool' for the dog club?

 

If you put it in the name of the dog club then you would hit problems as when you withdraw funds the name on the bank account would have to match the name on the paypal account which it wouldn't, thats why i advise a money pool on 'someones' personal account that you trust to safeguard the funds.

 

https://www.paypal.com/au/smarthelp/article/money-pools-overview-and-frequently-asked-questions-faq3...


Advice is voluntary.
Kudos / Solution appreciated.
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