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Business Paypal Account For Social Media Services

Discussion in 'Business & Tax Advice' started by Nagad, Mar 15, 2013.

  1. Nagad

    Nagad BANNED BANNED

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    Do I need to open a business account if I am selling social media services like YT/FB likes/twitter followers/FB accounts etc?

    Or I can operate it with a premier account.

    The account will be in India and if I open a business account,I have to register a company and obtain some licenses and provide all the details of my business.I am afraid that this would lead to limitation as these things may not be allowed by Paypal.
     
  2. Junkfood00

    Junkfood00 Elite Member

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    You can of course operate with a premier account, it's there to allow individuals operate a business without having a company registered.

    But a business account is more flexible, it has more features and it privileges you to discounts if you do volume transactions. And it is more professional, it protects your name too.

    So if company formation is easy to do for you and not too costly then I'd recommend that. Otherwise it's perfectly fine to use a premier account.

    Limitations occur no matter what, it has to do with the risk of your business and disputes/chargebacks.
     
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