Difference between personal and business Paypal accounts

[cherokeeflyer]

What's the difference between the Paypal types? When should you convert from a personal to business paypal account?


Are the fees the same between a personal and business account?

 

[Kejatz]

Refer to this post here Adobe - Adobe Reader download - All versions to see detailed differences between fees of PayPal Personal, Premier and Business Account. There you can find some additional information about other companies.


But in a nutshell, apply to Premier or Business Account only if you plan to receive more than 500$ per month.

 

[cherokeeflyer]

Thanks. Is Paypal doing the hold back on all types of accounts or just the business accounts?


Also, what about protecting your identity. If you don't want you name emailed to a customer when they submit a payment, do you have to use a business account with a business name?

 

[wildy]

Paypal is holding back money from all kinds of Paypal account. So being business or private is not interesting for them.


If you do not want to let the people read your name, you have to get a business name that is different to your family name.

 

[andrew25]

In my opinion unless you don't have any serious investments in PayPal, it would be always better to stick with personal account. And once your limits for personal account are almost exceeded then it would be a good time to upgrade to the merchant ones.

 

[chris2k5]

The big difference is that under a Business Paypal account, you are using a Business name instead of your own personal name. So when someone is sending you a payment/money, they are sending it to your business's name, not your name. You are the owner of the account though.

 

[tongyun]

Unless you are someone who has a large online business that would need Paypal for your transactions, I'd probably just stay small for now and use a personal account.

 

[chris2k5]

I personally think Personal accounts are too personal. I don't want random people buying my stuff on Ebay to know my name. They can find my Facebook and etc. A small business name doesn't hurt.

 

[mediafreak]

micro-management is better with the Personal account. just be careful about dealing and giving away your name when you don't want to.

 

[cogbuddy]

Personal accounts will not be subjected to much fee. But the business account can have unlimited sending and receiving options. The fee amount will be huge. There are lots of features attached in business account.