In order to hold a business Paypal account you have have a registered company and send all required docs. The main difference between Premier and Business accounts is the fact that business accounts can send payments to multiple people at one go. It's also easier to avoid "suspicious activity" limits with a business account if you experience a huge increase in transactions or larger transactions. If you are an individual seller who receives payment online for your services or products but have no legal business name then just stay with a a Premier account.
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