If your business uses PayPal for invoicing, you may also want to integrate it with your accounting software. Online merchants can accept regular payments and offer monthly shipments. If you have an online storefront, you can accept PayPal payments directly from your store. One crucial aspect of a business account is that it integrates with most ecommerce platforms.
#Paypal business professional#
They’re designed to meet the needs of professional users, from freelancers to large business entities. PayPal Business Account BasicsĪ PayPal business account comes with all the features of the personal version, along with several additional features. If you want to use your PayPal account to make payments, you’ll also need to provide a credit card, debit card, or bank account number.
#Paypal business full#
You’ll need to provide your full name, a valid email address, your physical address, and your phone number. In other words, this type of account is best for people who want to make personal transactions or send money between people.Ī personal account requires some basic information to get started. If you’re doing business under a company name, this will look unprofessional. Perhaps most significantly, the buyer will be able to see your full name. You also won’t be able to set up subscription payments. For one thing, you won’t be able to accept in-person payments, nor will you be able to accept invoice payments. On the other hand, there are a handful of downsides to a personal account. If you’re selling an old guitar or some classic video games, you can use your account to accept payment. To use one example, PayPal is the default payment option on eBay. That said, you can also use these accounts for selling. You can also send personal payments to your friends. Key Takeaways PayPal Personal Account BasicsĪ PayPal personal account is primarily designed for people who make online purchases. Using PayPal Business to Accept in-Person Payments So, what makes a business account different from a personal account, and when would you want one? Let’s take a closer look at both types of account. It also provides convenient invoicing services to help you keep your records straight.īut what many people don’t know is that there are actually two kinds of PayPal accounts: personal and business. It’s by far the largest online payment processing company, providing services to businesses and the public. If you accept online payments, you’ve almost certainly heard of PayPal.
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