Hi, I have had a verified Personal Paypal account (for about 4 or 5 years) and I want to try and start a small Internet based business and use Paypal to handle the credit cards. When searching for information I found the following relevant pieces of info. FAQ Title: Can I have a PayPal Personal and a Premier/Business Account? Yes, PayPal users can have one Personal account and one Premier or Business account. Each account needs to have a unique email address. FAQ Title: Can one bank account be used on two different PayPal accounts? You can add a bank account to one PayPal account at a time. However, if approved, you may be able to add the bank to a second PayPal account. You will be informed when linking the bank to the second PayPal account if you have been approved. FAQ Title: Common problems when adding a bank account The bank account can’t be linked to more than two PayPal accounts. The name on bank account must match the name on PayPal account. If you see a “Confirmation Disallowed” error message, you can’t use this bank account to add money to your PayPal account. But you still use this bank account to withdraw money from your PayPal account balance. Snowshow Reply: Another option is to set-up what is called a Parent/Child account. You would set up one main account that would have a bank account attached to and add sub accounts to receive money from each individual PayPal 'account' name.' This would allow you to have several websites with different business names. They would each act as an individual PayPal account that you would log into but at the end of each day they funds would be swept into one bank account. There's also a catch, you must have a Payments Pro account (costs $30.00 a month) and you need to contact Customer Support for assistance with the setup. If I try and use the same bank account for 2 different Paypal accounts (one Personal and the other Business), the 2nd sentence of the 3rd FAQ Title says “The name on bank account must match the name on PayPal account”. The current name on the bank account for the Personal Paypal account is my name. Does that mean I cannot use that bank account for a business with its own name or does the term “name” mean the person who is registering the account and will be taking responsibility for the site. If not, the PayPal Parent/Child account might be the best alternative but there are problems. I want to use Payments Pro account anyway. Could I have the current Personal Paypal account as the Parent account and the Business account as the child? Seems like it would have to be the other way around. But it would be far more efficient to have the money swept from the Business account to the Personal account even though I would greatly prefer to do that manually but I don’t think that is possible. If that is not possible and I have to make the Business account the Parent how would I do that with the Personal account already made? Thanks Philip
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