Paypal Personal Account Vs Business Account India
Luke Hubbard wrote:I think that some agencies and clients will want to do PayPal payments. I looked at both business and personal and I think I'm sort of in between.I find it very difficult to find answers to PayPal related questions. All responses from more than 3 years ago are useless, because PayPal changes its system now and then. What was true when I got my personal PayPal account is no longer true for people who register today.Shortly after I registered with PayPal and started getting payments, PayPal forced me to upgrade from personal to premium due to exceeded some threshold.
PayPal no longer offers premium accounts (I still have a 'premium' account but I can upgrade to business if I want to). I was researching this question a short time ago, not for receiving translation payments but for some small-time online selling. Here's what Paypal itself says (below) Regarding fees, if you go to this web page the word 'fees' in the last part is a link. I didn't end up carrying out my small time selling project, but I would check carefully what types of fees are associated with transactions as there could be significant differences - with a personal account definitely being cheaper.
I was researching this question a short time ago, not for receiving translation payments but for some small-time online selling. Here's what Paypal itself says (below) Regarding fees, if you go to this web page the word 'fees' in the last part is a link. I didn't end up carrying out my small time selling project, but I would check carefully what types of fees are associated with transactions as there could be significant differences - with a personal account definitely being cheaper. If there are very significant differences, and it is not 'illegal' (i.e.
Doesn't violate the TOS of Paypal), I'd carefully consider a Personal account vs. A Business one. But again - I don't have a PP account - I just did some research. Sellers on sites like ebay (+others) were by and large in favor of using a personal account because of fees. On the other hand, if the difference in fees (personal vs.
Business) is negligible, the business account would obviously sound more professional to clients.What is the difference between Personal and Business accounts?All PayPal accounts allow you to send and receive payments.Personal: Recommended for individuals who shop and pay online, or wish to send or receive personal payments for shared expenses such as splitting of dinner bills or rental charges; for casual sellers or non-businesses who wish to get paid online, and who also make online purchases.Business: Recommended for merchants who operate under a company/group name. It offers additional features such as allowing up to 200 employees limited access to your account and customer service email alias for customer issues to be routed for faster follow-ups.Fees:For complete information on PayPal transaction fees, please see the fees section of our User Agreement or click Fees at the bottom of any PayPal webpage. Hi all,Thank you for thoughts. Just reading the difference between the two sort of confused me as although I'd be using my company name, I don't have employees and I won't be using the invoice service etc. Therefore I'd have a business account but wouldn't be using all the features. In terms of payments, I'd rather do bank transfers but obviously some agencies may prefer to do use PayPal.
Paypal Personal Account Vs Business Account India Login
What I may do to begin with is get paid using my personal account and then transfer that between my current and business bank accounts. Once work starts building up and if most clients use PayPal to pay me, then I'll consider the business account.