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selling using paypal question, help needed

Discussion in 'Making Money' started by daimaku, Dec 26, 2016.

  1. daimaku

    daimaku Registered Member

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    hello, i'm thinking in start selling web traffic and i'm just wondering if i can accetp payments using my personal paypal account, it's verified, but is not a business account.

    i need to upgrade my personal paypal account or my personal account will work fine to receive all the payments?

    thanks in advance for the help.
     
  2. TheSlug

    TheSlug Jr. VIP Jr. VIP

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    Yes you can, but will run into issues as you grow. Do you have an LLC or something? I would always recommend running your sales through a company rather than personal. Better for taxes and liability

    What sort of volume are you doing? If it's under $1000 or so a month you should have no issue using your personal account
     
  3. daimaku

    daimaku Registered Member

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    i'm just starting, i'm working on the website, i have a some kind of llc equivalent here on venezuela, but it's relate to game and software development, can i use that ? if i open a new paypal account i will need a vcc to unlock the paypal limitations right ? (here on my country we can't pay services using our tdc to pay dollars, only our local currency bsf)
     
  4. swon

    swon Junior Member

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    i'd recommend start it off right with a business account. doesnt take much to set up, and it'll do you good long term. because once paypal starts "flagging" your account and holding your money then its gonna be a bitch to get sorted out.

    upgrade to paypal business, and get a custom gmail email account added to the paypal account, like [email protected]
     
  5. TheSlug

    TheSlug Jr. VIP Jr. VIP

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    Also, if you screw up your personal paypal account and your company is under your personal name they sometimes will shut down your business account too. This happened to someone I know. Took paypal a couple years to catch on, but they eventually did. Not sure about the rules in your country. I would try and do some research on it. Maybe even try and reach out to paypal about it.
     
  6. daimaku

    daimaku Registered Member

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    thanks for the information, i will create a new business account.

    if you have any others advices, don't hesitate to tell me.

    thank you!