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Paypal Questions

Discussion in 'BlackHat Lounge' started by urobee, Jul 27, 2016.

  1. urobee

    urobee Junior Member

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    Hy Guys!

    I would like to create a small webshop where I sell downloadable content.
    Am I need to create a business account in Paypal? (I don't have any business in real)
    If the answer is yes: I have a personal one, can I use it?
    Can be any problem with tax if I stay in under the limits (ex.: Withdrawal limit per month:100USD)
    I live in an easter-europe country if it is count in this case.

    It would be wonderful if You can give me some advice about this topic.
    Thank You!
     
  2. InnovativeSEO

    InnovativeSEO Senior Member

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    Although I recommend converting it to a business account, you don't necessarily have to. There are benefits though and from a purchasers viewpoint it looks more professional, and offers some peace of mind in who they are buying from. Start out with the personal, see how it goes, and convert it down the road. it's quite simple really.

    PayPal offers 3 Account Types:
    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.
    • Premier: Recommended 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.
    You would need either a Premier or Business Account if you want to accept credit card transactions online or in person. Your customers do not have to have a PayPal Account, they can check out as a guest. (Personal accounts are really intended for shopping online or sending/receiving money to friends or family.)

    Note there's no charge to have any of the 3 types of accounts, just transaction processing fees.

    Assuming your business is setup, registered, etc., then go with a Business Account. The advantage is that Business Accounts allow you to display your Business Name or Business Logo Graphic on the PayPal Checkout Screens. Business Accounts also have a feature called Multi-User Access. This is helpful if you have an assistant or other employees who help with the business.

    If you used a Premier Account, you can not display a Business Name or Business Logo Graphic. Your customers would only see your email address on the PayPal Checkout Screens.

    You do have the option to keep your Personal Account and also open either a Business Account or a Premier Account as PayPal does allow users to have 2 Accounts. Actually you can have more than one Business Account assuming you have your businesses registered, they each have their own emails, bank accounts and credit cards.
    [​IMG]
     
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  3. terinah14

    terinah14 Junior Member

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    Hi,

    Thanks for the helpful response. I don't mean to hijack the OP's thread but this is related. I have a personal account with a withdrawal limit like OP. I used my regular atm card to withdraw funds, but as soon as I added a credit card, I noticed that PP increased my withdrawal limit. I contacted them and they said my account was upgraded to a Premier account. This is what I have been using to accept payments through my e-commerce shop but the fees are pretty high, so I'm signing up for their micro-payments.
     
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  4. urobee

    urobee Junior Member

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    Thank You Very much!
    This was a really helpful response!
     
  5. urobee

    urobee Junior Member

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    Thank You too, i never heard about PP micro-payments. I will check it :)
     
  6. terinah14

    terinah14 Junior Member

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    No problem! :)