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Paypal Account: Business or Personal?

Discussion in 'Making Money' started by lanbo, Jun 7, 2012.

  1. lanbo

    lanbo Jr. VIP Jr. VIP Premium Member

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    Which Paypal account do you guys have.. a business or personal account & have you ever been limited?

    I'm wondering if a business account gives you less troubles with them
     
  2. dbyrn

    dbyrn Power Member

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    helping people
    they always can screw you in no time.
     
  3. Exaggerated

    Exaggerated BANNED BANNED

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    I am curious on what kind of business is right for them. They even freeze heavy bankers who are doing legit business. Even low and local businesses like flowers. I suggest a business one. There are less risk in it if you provide everything they need. I can show you a screenshot of the company Ive worked before but been inactive now and still taking payments. Im not connected on that company anymore but I still have an access to the account to do refunds to people. Let me know if this can help.
     
  4. 25aug

    25aug Regular Member

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    none. paypal is just a cheap scam , sooner or latter you will get your account blocked
     
  5. Leith

    Leith Jr. Executive VIP Jr. VIP Premium Member

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    Sooner or later you will get a limitation - and only a few of the people resolve the limitation and keep using Paypal.

    The others are just screwed over. I would suggest you go with Business, as this may give you a longer life span before you get a limitation. Dealing with huge money constantly using a Personal account will trigger the filter / red flag quite quickly.

    Trust me - I know a lot of things about Paypal. I have had over $XXXX held in funds waiting to be released so trust me on the fact that you will get limited, sooner or later, and when that does come you have a high chance of getting screwed.
     
  6. fistor

    fistor Regular Member

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    A mind needs books as a sword needs a whetstone, i
    Im running a 100% legal store. I cant offer anything except PayPal since everyone knows it blabla..

    I usually get my Money out when its around 2k ?. Better even before that.

    About half a year ago I went to holidays and gave no one access to my stores' PayPal.
    So the money in there grew up. It eventuelly reached 9k ? and paypal froze it. _FOR_2_MONTHS_ ?!?!?!
    I wrote them several Mails, letters and was in their service hotline for like 7 days straight, no one cared.

    I had absolutly no clue, how i would pay my employees :) so fun...

    If you can avoid PayPal somehow.. please do so !

    (PS: that was a business account, everything 100% legit verified)