Personal Vs Business Paypal

[Zeiyon]

I was wondering which account I should make.

Should I make a Personal or Business account?

I get around 1-3 sales every day. (Rarely more)
and I send money almost once to twice a week.


Also, what are the setbacks for using a Business account?

 

[Zeiyon]

make both

Cant counter that.

lmao.

 

[Zeiyon]

I would use a Personal Account considering the volume of transactions you currently send and receive. With a Business Account, PayPal will normally at some point ask for you to verify it and they will place all of your funds on hold. It can be a pain to verify it and it sometimes takes them a long time.

Thanks for letting me know.

I was thinking the same thing, but I dont have much experience with PayPal.

 

[Zeiyon]

Yeah, it happened to my Business Account and it took them over a week to get it resolved. They kept sending me in circles of who to contact. All of my money was on hold that whole time. To get my account verified, I had to provide a bunch of legal documentation including proof of a business, a drivers license, and more.

Oh, thanks for letting me know.
Alright I will create a Personal account then.

Thanks again!

 

[Jayson]

Depends on what amount of $ you make daily really. Small purchases or if you want to use PayPal.me use personal. Business to look professional and paypal will annoy you more often.

 

[Jayson]

If anyone could answer this for me... Is there a incoming money restriction on personal accounts? Or anything similar? My business account is currently asking for information that it won't accept for some reason, and I would rather make a new account now when I only have about $1.50 in it

Yea, if you get $1,000 they'll ask where you get the $ from just like business

 

[Zeiyon]

Yea, if you get $1,000 they'll ask where you get the $ from just like business

$1000 in total?
or if it builds up to a balance of $1000?

 

[Hethempunch]

I was wondering which account I should make.

Should I make a Personal or Business account?

I get around 1-3 sales every day. (Rarely more)
and I send money almost once to twice a week.


Also, what are the setbacks for using a Business account?

Their both good but I would go with Bussiness as you get a better looking layout and its just better

Yeah, it happened to my Business Account and it took them over a week to get it resolved. They kept sending me in circles of who to contact. All of my money was on hold that whole time. To get my account verified, I had to provide a bunch of legal documentation including proof of a business, a drivers license, and more.

I had my Bussiness account for more then a year now and I only got limited once and it was resolved the same day as all I had to do was call PayPal, and that happened last week, Other then that, I never had to provide legal domchmentation, PayPal is kinda like your either lucky or not, In my case I was lucky and in your case your not.

 

[Jayson]

$1000 in total?
or if it builds up to a balance of $1000?

(That was just an example amount)

It's just if you get an unusual amount such as 5 payments an hour after you open the account

 

[Hethempunch]

Yea, if you get $1,000 they'll ask where you get the $ from just like business

I had more then a $1,000 on my PayPal and they never said anything

, PayPal is kinda like your either lucky or not, In my case I was lucky and in your case your not.

 

[exhale]

I'm a skid with a Business account. Its going to make 2 years in some months, never got limited, highly advise it lol

 

[n0tzach]

If you make over 20k (I believe thats what they told me on the phone) and more then 200 transactions they start doing taxes and other measures to see how much your really making. If your below that just use a personal.