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Newby questions about PayPal (business account) and its limits

Discussion in 'Dropshipping & Wholesale Hookups' started by male_man, Jul 29, 2019.

  1. male_man

    male_man Newbie

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    Hi there,

    I have a few questions related to PayPal. I am in the process to open soon my first Shopify store.

    1. Do I have to own a registered business to open a PayPal business account?

    2. To register a PayPal business account, can I use a basic bank account or it must be a business bank account?

    3. Are there any restrictions if my PayPal will be registered within the UK, for example, to sell in the USA, Australia, Ireland?


    4. Do you know what is the PayPal threshold (limits) in the UK/EU when they will start to question me where funds are coming? Is it something 2500 eur or equivalent to the currency?

    To avoid the verification process and other issues, I was thinking that I could make a new PayPal profile every time when I am close to 1500 eur.

    Wouldn't this trigger their system to check me? I would use VPN obviously.


    Any information based on your experience much appreciate
     
  2. Ryan Oak

    Ryan Oak Jr. VIP Jr. VIP

    Joined:
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    Hey,

    1. No
    2. You can use basic (don't need business)
    3. No, there aren't any
    4. That's random. I haven't had any questions and I have turned around more than 5 figures.
    You don't need to make a new account each time you get 1500, why?