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paypal business account question

Discussion in 'Business & Tax Advice' started by QualitySEO, Aug 9, 2009.

  1. QualitySEO

    QualitySEO Registered Member

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    Okay, so I'm trying to set up my other paypal account as a business account.

    I have my business domain, and in the process of setting up a simple website for it. For paypal purposes, I need to put down a business address (will be separate from my home) so I want to get one of those online mailboxes that has an address for my state. Sound like a wise idea?

    Just in case paypal wants it, what can I provide for address verification? Just make up a document or something pointing to that address? Or what? It's strictly my mailing address for business so it shouldn't be a big deal right?

    K, after that, go on to the phone number. Could I get some kind of number that forwards to my real number or just a voicemail number to put in the account.

    Last thing is filing a biz reg. I'm in GA right now, so it's best just to file in Ga? Any way around having my name in the public record? And do I need a biz license since this is all virtual?

    Also, when setting my transaction amounts...is it best to set a median range as to not flag paypal. I plan on pushing on average, $250 for the smallest transactions to upwards of $1000 for the largest, for now. In the future it will increase but this is still a fairly new account. Completely verified and all, but still new.

    My main account is like 5 years, and it's frozen right now. I want to get it right with this one so I can set that one up the same once I get it situated.
     
  2. Zach.p

    Zach.p BANNED BANNED

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    Why not just go premier. No hassle..and has everything business has, I believe.
     
  3. drkenneth

    drkenneth Executive VIP

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    I would recommend a PO box or online mail account.

    If you're going to be moving as much money as you've mentioned ($250-$1000 transactions) then I'd recommend an 800 number. It's about $15/month for a 800 number with forwarding, voicemail, different extensions, faxing, etc.

    I called and talked to Paypal a while back and they said I did not need to actually have a registered company. It would basically be myself doing business as the company name I specify. Just make sure the alias you're using is not in use and you should be fine. (To the best of my knowledge.)

    Set the ranges to whatever you honestly think you'll be getting. If it ends up being accurate you can always change it.
     
  4. QualitySEO

    QualitySEO Registered Member

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    Ah okay, and the reason I don't want to do premier is because I don't want my name showing up everywhere. Plus, I've got the domain for the account name that I'll be using so that should suffice, I'd think. And people don't have to sign up with paypal just to pay me if I'm not mistaken.

    Not only that, but I'm going to be signing up to some CPAs, so I want to look as business like as possible but I don't want to have to actually register the business.

    My personal info will still be in the account though right, as the owner?

    Oh yea, with the online mail account...it won't matter since that is just my mailing address for business right?
     
    Last edited: Aug 9, 2009
  5. drkenneth

    drkenneth Executive VIP

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    Yeah, having your name private is the main reason for having a Business account. (Also you get better options for credit card processing and stuff like that.) Also, you will be able to create sub-accounts so people can access the Paypal account with different permissions. (If for some reason you need it.)

    Your personal information will be in the account as the owner, correct. The only publicly available information will be the business name, address, and email.

    Yeah, as long as it's a valid mailing address it doesn't matter. They don't validate it if you're converting a Personal or Premier account to Business. (At least they didn't for me.)
     
  6. QualitySEO

    QualitySEO Registered Member

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    Ok, now here's a question. Never had this account limited, but it's completely legit and verified. Would it be a wise idea to get someone from paypal on the phone and submit my ID/utility bill/ss-card? to them while they are talking to me so they can check and be done. I don't want to get limited and I'm worried about that.