personal or business type
SherryLiu
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Posted on
Apr-19-2020
01:18 AM
1. What's difference of personal & businese account ?
2 Is there any other banks I can choose for withdraw ?
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2 REPLIES 2
angelleye
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Apr-19-2020
01:23 AM
Personal accounts are typically used for personal transactions, like sending money between friends and family, or maybe accepting payment for a few random things you sell.
A business account would be for when you're actually selling more products/services, and may be receiving a 1099 from clients, and filing a Schedule C or corporate forms on your tax return.
I typically recommend that you have one of each, and use them accordingly.
For the second question, I'm not sure I understand what you're asking. Whatever your bank is, you can link it up to PayPal and verify it. Then you can transfer money back and forth as necessary.
A business account would be for when you're actually selling more products/services, and may be receiving a 1099 from clients, and filing a Schedule C or corporate forms on your tax return.
I typically recommend that you have one of each, and use them accordingly.
For the second question, I'm not sure I understand what you're asking. Whatever your bank is, you can link it up to PayPal and verify it. Then you can transfer money back and forth as necessary.
Angell EYE - www.angelleye.com
PayPal Partner and Certified Developer - Kudos are Greatly Appreciated!
PayPal Partner and Certified Developer - Kudos are Greatly Appreciated!
MoSaid1
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Apr-19-2020
01:26 AM
Personal Accounts will display both your name and email address to buyers. A Business account has all of those features and more. With a Business Account, buyers will see your business name and business email address - they would only see your name if it was the same as the business name
You can withdraw to most bank like visa or master card
Hope that helped 🙂
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