How to Set Up a PayPal Business Account
Are you a businesswoman or man, and you need a business account that you can use to accept and make payments for the products and services you buy or sell online? A PayPal business account is a faster and safer way of sending money and making online payments. Set up a PayPal business account to pay and receive money from your business partners.
A PayPal business account is a merchant account with PayPal that allows your business to accept payments for the services and products it sells. With a PayPal business account, you can integrate your system with PayPal's payout system, which creates a system of smooth financial transactions.
It offers you more payment options and also keeps your payment data safe and secure.? You can also create your own custom payment, order, or donation form with their drag-and-drop form builder. It makes it easy and fast for any business that is just getting started.
Why Should I Set Up a PayPal Business Account?
While a PayPal personal account allows users to send and receive money, its limits on how many payment methods you can accept make it less appealing.
If you are a business owner or merchant and you want to use PayPal to receive payments, you should set up a business account to access more features. Below are reasons why you should set up a PayPal business account.
What Do I Need to Set Up a PayPal Business Account?
To sign up for an account on any platform, what you basically need is an email address and a strong password. But to set up a PayPal business account, there are some details you need to provide, apart from an email address and password. Here is what you need below:
Once you have everything listed above, along with the basic details, you can proceed to create a PayPal business account.
How to Create a PayPal Business Account
If you already have a PayPal personal account and you want to keep using it, then you must use a different email address to set up a PayPal business account. Follow the guidelines below to open a PayPal business account.
Follow the on-screen instructions to completely set up your account. Once you’re done, you can start using PayPal business account tools such as sharing listings on social media, business insurance by Aon, fast, touch-free payments with QR codes, and many more.
FAQs
What is the Difference Between PayPal Personal and Business Account?
Basically, both your personal and business PayPal accounts allow you to send and receive payments anywhere in the world. However, there are slight differences between them in terms of the features they offer.
A PayPal personal account is typically for casual sellers or those who want to shop online or send and receive personal payments, while a PayPal business account is for business owners or merchants who want to accept online card payments.
What Does It Cost to Create a PayPal Business Account?
Creating a PayPal business account is free. You only pay certain fees when you make transactions on your account. Each PayPal account is limited to one email address, meaning if you have already used an email address to create a personal account, you must use a new email to set up a business account.
Can I Upgrade From a Personal Account to a Business Account?
In the meantime, PayPal allows users to switch from a personal account to a business account and vice versa. If you’re using a personal account, you can upgrade your account by navigating to Settings in your account. Then tap ‘’Upgrade to a Business Account’’ and follow the onscreen prompts.
Mind you, you can only downgrade your PayPal business account to a personal account once. However, you cannot downgrade a business account to a personal account yourself. If you want to downgrade your business account, you can contact PayPal to assist you with the downgrade process.