360 Checking is a checking account that comes with everything you need and not everything you don’t. The VS Sassoon the Groom Buddy is the tool for you to shape your world. If you already have a PayPal account: Enter the email address for your account and select your country. PayPal creates an email address for the account by appending -1 to the original email address. Step 1: Login to your PayPal account. Since PayPal has become the world's largest online transaction service company, you are probably wondering if you should open a PayPal Business Account for your company. There is an option Web site preferences Send your clients to my website after a payment I have made extensive programming to use this option In my business account at PayPal nobody seems to understand that I need the same functionality in my business. in Florida. I have a 2 paypal accounts one personal the other is business. A good way to raise a red flag for auditors and the IRS is to commingle payments for personal expenses with payments for business expenses. Keyword Research: People who searched paypal business account also searched. PayPal and my Business account wll have an automatic feed, and my personal account i will leave to do manually when i transfer money to myself (so my balance for that account will basically just say what iv spent of my business). To qualify for this protection, you must do the following: Be a verified member of PayPal with a Premier or Business account: Allow PayPal to confirm with your bank that your checking account and address are. 95) and they'll complete the transaction. If you require a different account type, you'll need to cancel your existing AdSense account and open a new account with your preferred account type. PayMaya is an online payment account that has an app where you can load and hassle-free payments for personal and business use! Link Your PayMaya to PayPal. And you can start accepting money from anyone in an instant. Monthly Financial Summary Report. Paypal Alternatives: TransferWise. Why A PayPal Merchant Account Doesn't Exist. Includes checking, savings, Money Rate Savings, Investor's Deposit Accounts, Certificate of Deposit, Individual Retirement Account and/or investments through BB&T Investments or BB&T Scott and Stringfellow. That type of account is intended to reflect the person's banking needs and obligations and is not transferrable. From a student’s point of view, this account obviously is a no-brainer, just like many other decisions they make at that age. Just as with personal bank accounts, business bank accounts differ in their terms, including whether they pay interest and how much they pay, so it can be worth shopping around for a good deal for your business. Each account should have a unique email address, bank account and credit card associated with it. They have a first-year bonus APY of 1. They'll either pretend. I have now tried with the Transit + Account. Changing from a personal account to a business account. You should actually keep the money physically separate in different bank accounts, one set up as a business checking account. The default account type is Personal. Go digital with the industry leader in electronic signature solutions. This allows you to transfer funds from your PayPal account to your bank account. Please enable it to continue. Use it to send and receive money, and to send funds to anyone with an email address in 55 countries and regions. When I started out my PP account was a personal one, and after a couple of months of more or less regular payments I was notified by PP that I needed to change to business. Here's what to do: Go to PayPal's website and click the sign up button. "), especially if you've upgraded your personal account to a business account. Business accounts tend to be used by high volume sellers or registered business as they get more options on managing the account etc but you can equally sell on a personal account. Use convenience checks to pay off loans and other credit cards or deposit them into your checking or savings account to use for anything you may need. Can you tell me the difference between Verified PayPal Personal Account and Business/Premier Account? Actually I upgraded my main account to a Verified Busines Account long time back but then I didnt know that they allow Unlimited Trasactions on Verified personal accounts too. Get a Free Credit Score & Advice From Our Credit Experts. Many small business owners make a common mistake: They use their business checking account or business credit card to pay personal expenses. I grossed $700 in profit within the first 3 days and was super excited about the new business. If you would like to keep your primary PayPal account personal, I would recommend creating a separate PayPal with a different email address and upgrading it to a business. Ally Bank Member FDIC. PayPal business account vs personal. 20 to receive but only if the person sending doesn’t use their PayPal account to send it. Me, anyone with a PayPal account can pay you in an instant. ' Also called beneficiary. To link the two, Paypal have advised I have two options. This means you can usually negotiate some free or discounted services. If you require a different account type, you'll need to cancel your existing AdSense account and open a new account with your preferred account type. Accounts subject to approval. Never had a complaint. Manage all your Microsoft billing information in one place – Windows, Xbox, Office 365, Azure and more. However, Paypal offer its user to have two accounts types Business Account and Personal Account. Finally, you will receive an email from PayPal support a day or so later who will be. Your PayPal account is much like any savings or checking account, except PayPal was designed specifically for online transactions. 8 for PayPal Here. Click the Business Information link on the left side of the page. The videos are created so they are. au Password: Sa, Spam Forum, Spam Forum, Viral Threads, Upper Spam. Finally, you will receive an email from PayPal support a day or so later who will be able to successfully convert your business account to a personal account. Things tend to get complicated when money and relationships are at stake. SurveyMonkey. Super easy. Should consumers treat personal PayPal accounts like bank accounts? Technically, it's possible: You can apply for a PayPal prepaid card and link it to your PayPal account. Small businesses can use PayPal to accept payments from individuals and buyers who have not registered for a PayPal account. Hopefully, that helps to make your choice easier. As online approaches to gaining profit expands to its full potential, PayPal already advanced its step by offering a personal and business accounts. Ally Bank Member FDIC. This card is designed to provide students, 13 years of age or older, with a Debit. The products, account packages, promotional offers and services described in this website may not apply to customers of Citigold Private Client, Citigold International, International Personal Banking or Global Executive Banking. Download the iOS or Android app. Business profiles can be linked to a personal Pinterest account so you can easily switch between business and personal. Since this is a personal transaction and not through my business I thought there must be a way to send an invoice to him with my personal PayPal account and after doing some research I found out how to do it. Learn more >. I started this test with the personal Instagram account I've had for years to randomly post about my life as a dad, dog owner, Dallas Cowboys fan, and lover of pocket knives. When I select the business/freelancer option it asks me for a whole host of company registration details - something that I as a lowly freelancer don't have. Let's clear one thing up first and for all. How safe is PayPal? Should you have a PayPal account or should you pay for all online purchases with a credit card and not add one more company to your list? ranging from personal protection. My target will generate over 5K profit per month. In the language of double-entry bookkeeping, transactions in expense accounts are nearly always debited. If a non-account owner needs to deposit money into your account, he or she can only use a check, cashier’s check, or money order. The VS Sassoon the Groom Buddy is the tool for you to shape your world. I will be using my paypal account mostly for purchases. You will need to restore your account to re-access your PayPal account. All Categories You can set up a relatively anonymous Gmail account, you just have to lie like a bathroom rug. This card is designed to provide students, 13 years of age or older, with a Debit DA: 87 PA: 36 MOZ Rank: 40. No need to hire an expert to setup a PayPal account so, that's additional savings for you! Setting up a PayPal account is also free and will only require a valid e-mail account. I'm new to streaming and everything that goes with it including Paypal. If you want to add a note to your payment, tap Add a note near the top of the screen and type one in, then tap Done. First, sign up for a PayPal Business account. PayPal offers several different account types, depending on whether you want to buy and sell using PayPal as a registered business, or just need an account for personal use. Click the Business Information link on the left side of the page. PayPal’s debit card, the PayPal Cash Mastercard®, is conveniently linked to your PayPal account, allowing you to withdraw money from your balance as needed. In our article How To Sell My Music Online? we outlined the necessary steps to create your own website to sell your music online. I am launching a new digital business in this year. PayPal: What's the. The seller has Personal account and says they can't accept credit card payments. However, if you already have a personal account, keep in mind that you cannot create a separate business account. Login here to your American Express Account, Create a New Online Account or Confirm you received your New Credit Card, Log In to Your Account, credit card, amex. We'll go into the details in a minute, so feel free to click around. That is what it is called by paypal, to differentiate it from the personal account used by individuals to transfer money between family and friends. And, for these accounts, debits increase the account balance. Moved Permanently. PayPal Credit & CardsOur credit, debit, prepaid cards & PayPal Credit PayPal App Transfer money and track activity with our app PayPal Can Do That Discover ways to manage and move your money. Hi, I have just signed up for TransferWise and am being asked whether I want to create a personal or business/freelancer account. PayPal personal and business accounts offer different services - and come with different fees and charges. PayPal touts it is the most secure payment network in the world thanks to being in business since 1999. Keep in mind that linking a personal bank account to a business PayPal account will not hide your name when people make donations. Expense Account Transactions. You need to have an existing PayPal account to successfully use PayPal as a payout method. 1 for Venmo vs. The default account type is Personal. Select Edit next to Account type. 95) and they'll complete the transaction. ) PayPal business account fees are quite affordable - for sales within the US it’s 2. Your single account can host your personal and business account needs. By participating in the Small Business Community, our members gain knowledge and connections that give them a competitive advantage in building a successful business. Setting up a business or personal PayPal account is a quick and easy process. has evolved and now offers its customers business. has merged with Mechanics Bank. Balances will need to be converted into either a PayPal. Business Banking. Dan Froelke's Channel 84,360 views. 00 mark, there's a good chance you'll find that PayPal Micropayments will save you money. Disadvantages Of PayPal Personal Account & Benefits Of PayPal Business Account Urdu/Hindi What are Disadvantages Of PayPal Personal Account what are Benefits Of PayPal Business Account Urdu/Hindi. Various tutorials have noted that one should start a PayPal business account to begin IMing with ClickBank or any of the other affiliate and/or other marketing opportunities. I'm able to receive and send money whenever I want. PayPal Personal and Paypal Premier and Paypal Business are different types of Paypal accounts. I have never, ever had an issue with a customer. Best Answer: To change your account type from business to individual: Click My eBay at the top of most pages. Travis Marziani 85,599. 360 Checking is a checking account that comes with everything you need and not everything you don’t. However, if you already have a personal account, keep in mind that you cannot create a separate business account. Bottom line — PayPal vs. Select "Business Account" or "Premier Account" and click "Continue" For a Business account, enter your business information, then click "Submit" Upgrading from a Premier to Business Account Log in to your PayPal account; Click "Profile" Click "Personal/Business Information" under Account Information; Click "Upgrade". Upgrade PayPal Personal Account to Premier Account. Welcome to Synovus, the bank of here. Nationwide offers home, small business and auto insurance, as well as retirement products and financial resources. The PayPal Student Card is an option provided to business and personal PayPal account holders. All PayPal API requests require API credentials to verify the call is being made through a valid PayPal account. Things tend to get complicated when money and relationships are at stake. Please read the Important Facts before taking a cash advance to learn about fees and interest. (Beware that credit cards charge an extra fee! Only use if you are in a hurry). Formally, paypal have different types of accounts not until recently when things was modified and Premier account was removed to be left with just business and personal account. Explore our online banking services & experience a higher yield and lower cost of our Max-Rate Checking Account. If your debit card gets stolen, the thief may gain access to your checking account. You’ll find information about General WooCommerce settings as well as Product, Tax, Payments, Shipping, Accounts, Email, API, and Webhooks. I do have one question though? Now, what if you have a business account, either with your bank or PayPal, then how does it work for taxes if you have a business PayPal account and then you transfer the money into RBC eSavings which is basically a personal account. 00 mark, there's a good chance you'll find that PayPal Micropayments will save you money. If the user is fed up with one of the service they are using they get switch to the other one. For instance, I am on my second Paypal account currently after my first account was frozen, and all attached cards and banks were banned from future Paypal use. Select Edit next to Account type. Existing sandbox users. From interest-bearing, to online only our checking account features are built for the way you bank. With PayPal Micropayments you'll pay 5 percent plus 5 cents per transaction (for U. Super easy. Why we need to upgrade PayPal from personal to premier/business account? Business in all its forms, may it be individual, sole proprietorship, partnership, private company, public, non-profit organization, or government and even those business that doesn't have business permit yet may avail this vital business account from PayPal. The scary reasons you should make your Venmo account private By Kari Paul. First, sign up for a PayPal Business account. " PayPal says I need a "legal business. What's the difference between a personal and business account on PayPal? While both offer the same safe and secure online payments, the business account offers much more, such as receiving payments directly from your website and having a Debit MasterCard from PayPal itself. The type of account. Security Bank Corporation is one of the Philippines' leading universal banks serving retail, commercial, corporate and institutional clients. PayPal Standard takes customers from your site to PayPal's secure site to finish paying for their order. If you've already registered with a personal account but would like to upgrade to a business account, here's how: Go to My eBay and select Account, then Personal information. 70 Bank Transfer fee: NZD $1. Zions Bank provides a wide range of traditional banking and innovative technology services to individuals and business clients located in Utah and Idaho. Kanye West, with debt piling up, thanks God for $68M tax refund. PayPal Business Account Fees: Quick Guide Here is a quick overview of the merchant fees you will encounter using your PayPal business account. Bank with more benefits with E*TRADE Bank. As @Alice & Jeff say, it doesn't matter. As soon as this happened PayPal locked my account down, requesting additional information to be able to open it up again. PayPal and FundRazr have teamed up to bring you a powerful crowdfunding tool that gets great results for causes you care about. If you are not using this version, please check that compatibility mode is turned off, otherwise you may need to. If you already have one, simply link it to the new eSaver in the application. Does it make sense to upgrade that to a. 9 percent plus 30 cents per transaction at the usual PayPal rate. You can open and manage your account securely by logging in on your phone or computer, instead of waiting for the bank to open first. Browse the latest personal check designs from Marvel, ASPCA®, Peanuts™, Star Wars™, patriotic designs, inspirational designs, and more. You will receive an email shortly at: Here at Walmart. I have a personal active PayPal account. On the Change Account Type page, click the Change to Individual Account button. If you set up an account with a payment gateway like Authorize. The new restriction goes into effect on November 4, 2004. Set up a PayPal business account and tap into the millions of active buyers who look for the PayPal way to pay. SMALL BUSINESS BANK offers every micro and small business personal attention, free mobile banking and convenient card products, regardless of where in the US your business is located, registered, or doing business. In this situation the account is said to be "overdrawn". One Deposit Checking FAQs What is direct deposit and how can I benefit from it? With direct deposit, you can have your paycheck or Social Security check automatically deposited into your checking account each pay period, saving you a trip to the bank. Once you’ve done that, you conduct transactions by clicking on the icons on the top right of the page or the menu. Some more important details about PayPal as a payment gateway: you don't need a merchant account to use PayPal; you get advanced fraud. It also allows you to use your bank account as a funding source when making purchases with PayPal. PayPal Personal and Paypal Premier and Paypal Business are different types of Paypal accounts. , and SunTrust Advisory Services, Inc. I'm able to receive and send money whenever I want. See example below. Like Payoneer, PayPal too requires prospective account holders to undergo a verification process. Consider starting with a Personal account, because you have no fees associated with sending or receiving money. Business accounts tend to be used by high volume sellers or registered business as they get more options on managing the account etc but you can equally sell on a personal account. A PayPal eCheck is always used when the user does not have a credit card, or any other sort of payment types linked to their PayPal account. I have a Paypal account under the business name but my bank account is in my personal name. The exception I believe is an HSBC corporate multi-currency account, however for a corporate account you need to have a balance or revenue of several million. Note: We have waived the PHP 200 Inward Remittance Fees on PayPal Transactions. PayPal is one of the easiest ways to transfer money to workers because it only requires that you know the email address of the recipient and it takes just a few clicks to send the money. Since this is a debit card, no credit check is required. Free PAYPAL Account with Money on it !, Its got money on it, I dont use it so im giving it away. You can use this checking account like a savings account and set up transfers or a partial direct deposit into it. PayPal Working Capital Review Where does PayPal Working Capital do business? PayPal Working Capital is a business financing offering by PayPal Inc, based in San Jose, CA. This means you can usually negotiate some free or discounted services. That is what it is called by paypal, to differentiate it from the personal account used by individuals to transfer money between family and friends. Opening a PayPal account and sending money from a PayPal account is completely free of charge for all account types. Also the IRS won't recognize a credit card or PayPal account that you designate for busine. These are the most current steps online. Keep in mind that linking a personal bank account to a business PayPal account will not hide your name when people make donations. How safe is PayPal? Should you have a PayPal account or should you pay for all online purchases with a credit card and not add one more company to your list? ranging from personal protection. For iPay88, that will be the SOHO or Startup package and for MOLPay, it will be the Lite package. You have to just add paypal email address in upwork. Personal will be more than fine for now, you could get a business one down the road if you are selling product yourself and accepting payments on your site, but you likely will never need a business account if you go in the direction of affiliate marketing. A PayPal business account makes it possible to conduct this transaction using digital funds, keeping business funds separated from personal funds. The PayPal Student Card is an option provided to business and personal PayPal account holders. Consider starting with a Personal account, because you have no fees associated with sending or receiving money. So, if you don't need a business account and want to downgrade your PayPal business account to a personal account. Each type is meant to cater to a specific type of user — buyers, sellers, and businesses — but they're all pretty much the same at their very core. When i went onto my paypal account to accept payment it stated that i had to upgrade the account to premier in order to receive payment from the buyer's credit card through paypal. If your debit card gets stolen, the thief may gain access to your checking account. This allows you to transfer funds from your PayPal account to your bank account. Keyword Research: People who searched paypal business vs personal account also searched. Here's what you need to know about Paypal's card reader. PayPal accounts are FREE and you can link any Security Bank checking or savings account to your PayPal account. You need to have an existing PayPal account to successfully use PayPal as a payout method. Paypal Tutorial - PayPal Account Types - Paypal Explained These videos are created for the novice / newbie who wants to learn the ropes of an online business. To gain the ability to do this, you must first sign up your small business with a PayPal Business account. Also the IRS won't recognize a credit card or PayPal account that you designate for busine. We provide funding solutions up to $250,000 delivered by a best-in-class team. A business bank account allows you to easily keep track of expenses, manage employee pay, convey finances to investors, receive and deposit payment, and plan your budget more accurately. Do you currently have a PayPal business account that you want to convert to a PayPal personal account? You can easily downgrade your account by following the steps below. A separate business bank account is not compulsory or a legal requirement, but it’s recommended so you can keep track of your business finances. Buy VS Sassoon 3Q Compact Digital Hair Dryer (VSP3QCTA) from Kogan. As @Alice & Jeff say, it doesn't matter. ¹ ComScore Plan Metrix Key Measure Report [Total digital population], January 2017 ² Source: The Nielsen Company’s. You may be asked to sign in again. When I started out my PP account was a personal one, and after a couple of months of more or less regular payments I was notified by PP that I needed to change to business. This card is designed to provide students, 13 years of age or older, with a Debit MasterCard that. In fact, you can get a refund in most cases if you know. However as soon as you receive a high number of transactions or high amounts per ticket they will start asking you a lot of questions and sometimes even put your account on hold!. Disadvantages Of PayPal Personal Account & Benefits Of PayPal Business Account Urdu/Hindi What are Disadvantages Of PayPal Personal Account what are Benefits Of PayPal Business Account Urdu/Hindi. Nationwide offers home, small business and auto insurance, as well as retirement products and financial resources. You can review where the money is being sent from (e. Select Nonproﬁt Organization as the business type and Nonproﬁt as the category. 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. CAN Capital has over 20 years' experience providing over $7Billion in working capital to small businesses nationwide. If you've fallen victim to phishing or an ATM white card scam that has drained your checking account, you may assume your money is gone. PayPal is one of the easiest ways to transfer money to workers because it only requires that you know the email address of the recipient and it takes just a few clicks to send the money. Enter your login. Before the end of March 2019, balances will need to be converted into either a PayPal Cash account or PayPal Cash Plus account. For each transaction, PayPal charges a fee, which is taken for the company's part in the transaction. Or you can look at their general user satisfaction rating, 87% for Venmo vs. Helpful features, no monthly fees, a super-fast setup, accessed from the app or online and handy integration with accountancy tools are just five of the reasons our business account has won awards. See example below. Instagram Business Account. Keep your receipt. On this page, we’re going to walk through all settings available to you in WooCommerce to help configure the WooCommerce settings. This may not be enough volume for your organization, and therefore a PayPal Business account will be required. Those looking to open business accounts or personal accounts must provide evidence of their identity and provide relevant information to pass key security checks. PayPal is also very easy to integrate with, so placing a simple payment button on your website can be done in minutes, and without extensive computer programming. Plus I have my misgivings on PayPal. What you'll need to open an account. Finally, you will receive an email from PayPal support a day or so later who will be. Small businesses can use PayPal to accept payments from individuals and buyers who have not registered for a PayPal account. However, all payments received are charged a certain fee. I opened a premier account, but on second thoughts, I was thinking shouldn't I have opened a personal account? I need your guys help on this. But the best accounts don't have minimum-balance. A checking account is a type of bank deposit account that is designed for everyday money transactions. SurveyMonkey. Click Next. While it’s essential to have a business checking account, it actually may be smarter to have more than one account. much faster than the rest of PayPal's business. Visit PayPal. Zions Bank provides a wide range of traditional banking and innovative technology services to individuals and business clients located in Utah and Idaho. Or he can use a person-to-person payment like PayPal. PayPal Personal Vs Business. It is actually e-commerce business (financial transaction broker) that allows people to send and receive money through internet. Safer for you and your business When using PayPal. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. Paypal own account does not get carry of money from credit enjoying cards, nor does it fee to get carry of money. PayPal personal and business accounts offer different services - and come with different fees and charges. Chargebee smartly maps the IPN messages from all your Chargebee live sites to your PayPal Business Account. I don't sell on ebay, I have a website. That way, the tenant moves money from their bank account to their PayPal account, and can then transfer the rent to their landlord for a small fee. You’ve already signed up for a Paypal account but have still not decided which type to use. (Beware that credit cards charge an extra fee! Only use if you are in a hurry). Free PAYPAL Account with Money on it !, Its got money on it, I dont use it so im giving it away. So, the first step to attempting to use a prepaid gift card on PayPal is to make sure the name and address (billing address) on your PayPal account matches the name and address on file with the gift card. PayPal loans: Pros and cons Pros. With its initial aim squarely at business owners, TransferWise is dealing with a big issue for startups and small businesses — the difficulty of opening up accounts that can receive multiple currencies. Welcome to The Bancorp Bank. I have a Paypal account under the business name but my bank account is in my personal name. Hi Does not matter personal paypal or business. Understanding the difference between savings and checking account is essential, as this. One Personal Account and/or a Business Account. PayPal touts it is the most secure payment network in the world thanks to being in business since 1999. To apply for a small business loan or overdraft, you must be a UK resident aged 18 or over. Set up a PayPal business account and tap into the millions of active buyers who look for the PayPal way to pay. Netspend is a leading provider of prepaid debit cards for personal & commercial use. Because it was a personal transaction, I very carefully specified that the money come from my Wells Fargo card instead of the balance of my PayPal account. If you already have one, simply link it to the new eSaver in the application. this would be credited decrease back to you. Secure and convenient mobile business banking, at a great value. net: You will be paying a minimum of $30 per month to use PayPal Pro with membership software that offers subscription billing. But I wont be selling a lot. State Farm helps you protect what matters most with home & car insurance, checking & savings accounts, loans, and more. Take note that there are 2 major processing done. If you are 'selling' items then it does not matter which account you use as if its a selling transaction then you pay a fee. Withdrawing Money From PayPal for Non-US Accounts Last updated: October 11, 2018 170 Comments As discussed in previous posts, once you're using PayPal to sell your stuff online, you will also want to eventually withdraw the money you make into your bank account so that you can actually use it. In the language of double-entry bookkeeping, transactions in expense accounts are nearly always debited. PayPal has more than 200 million active accounts captured, worldwide, more than 20 countries. My question is: can i open new paypal business account without having a company name! and is paypal business account work well with ebay or is there is a risk to use paypal business account! so please anyone let me know if it's okay to open business account or just use personal account!. With banks across the Midwest, Flagstar Bank offers a range of banking services. Get a Free Credit Score & Advice From Our Credit Experts. But it's important to separate your business and personal transactions for accounting reasons. Comparison between Hotmail vs Gmail vs Yahoo. The Fidelity Cash Management Account is a convenient way to save, spend, and manage your cash. Never had any problems whatsoever. Use PayPal Premier or Business account if you are a freelancer or online entrepreneur. au Password: Sa, Spam Forum, Spam Forum, Viral Threads, Upper Spam. I have a Paypal account under the business name but my bank account is in my personal name. A private account is for people selling off their unwanted personal possessions, items such as second-hand clothing, dvds, toys etc. With a business loan, funding may take a few. If a member of your household has another PayPal Prepaid Mastercard account, a separate PayPal Account in that person's name is needed. accepting credit card). I’m sharing the options freelancers take, the pro’s and con’s and whether it’s legal. Many small business owners make a common mistake: They use their business checking account or business credit card to pay personal expenses. What I am trying to figure out is why one would choose a Premier account, if the fees are the same. But I will also sometimes use it to sell something and receive money. If a non-account owner needs to deposit money into your account, he or she can only use a check, cashier’s check, or money order. Find out more about PayPal, including how to create an account, at PayPal. PayPal Credit & CardsOur credit, debit, prepaid cards & PayPal Credit PayPal App Transfer money and track activity with our app PayPal Can Do That Discover ways to manage and move your money. And newbies won't stop asking question like "What's the difference between personal and business paypal Accounts. I don't see any cons, as long as you're willing to share the info. When i went onto my paypal account to accept payment it stated that i had to upgrade the account to premier in order to receive payment from the buyer's credit card through paypal. You do have the option to keep your Personal Account and also open either a Business Account or a Premier Account as PayPal does allow users to have 2 Accounts. Yet, business owners still make the mistake of using a personal bank account for their business. So I just signed up for PayPal but I didn't read Etsy's statement that I should get a business account instead of a personal one before I did. Step 2 - Add a PayPal Business account.