personal or business type

SherryLiu
New Community Member

1. What's difference of personal & businese account ?

2  Is there any other banks I can choose for withdraw ?

 

Login to Me Too
2 REPLIES 2

angelleye
Advisor
Advisor
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.

Angell EYE - www.angelleye.com
PayPal Partner and Certified Developer - Kudos are Greatly Appreciated!
Login to Me Too

MoSaid1
Contributor
Contributor

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 🙂

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.