Users selling goods and services online have limited access to merchant services.PayPal charges fees for accepting debit and credit cards online.If you prefer, you can pay a minimum of $0.25 and maximum of $25 to instantly transfer funds to your account. It’s free to transfer money from sales to a linked personal bank account.It provides an easy payment option for those who make occasional sales on eBay, Etsy, or other websites.It offers a fast, easy way to make online purchases or send money to friends and family.There are no setup costs, monthly fees, or termination costs.There is no charge for transfers made from a linked bank account, PayPal Cash, or a balance from PayPal Cash Plus.Business or personal bank account numberĪdditional steps are required to begin accepting credit cards.General business information (e.g., business type, keywords associated with your business, etc.).Business customer service contact information.PayPal account owner’s name and address.Here’s what you need to set up a PayPal business account: Unlike personal accounts, a business account can be registered under a company name rather than your own, which helps protect your privacy when customers make a purchase. PayPal business accounts also offer a suite of products and services to help businesses with the day-to-day work of online sales, such as the ability to print labels, track payments, and get live customer support. Recurring payment form with PayPal integrationįor SMBs with staff, another plus of a PayPal business account is that it allows logins for up to 200 employees, allowing them to access PayPal features such as the ability to set up shipping methods and fees, inventory, and profit tracking. A business account also allows you to set up subscription services, which enable customers to sign up for recurring shipments in a single transaction, as well as complete transactions in person. In particular, a PayPal business account makes it simple to transform your website into an e-commerce portal that seamlessly sends customers to PayPal for payment. Business accounts offer a robust suite of services to everyone from moonlighters to SMB owners who need a no-hassle, affordable payment processing solution. PayPal business accounts include everything a personal account does and more. Checking account number and routing number (optional).Debit or credit card information (optional).Here’s what you need to set up a PayPal personal account: In a nutshell, a PayPal personal account is ideal for sellers who plan to only occasionally or informally market their goods and services. What’s more, you won’t be able to accept as many forms of payment as you could with a business account (e.g., you can’t allow people to pay via invoicing) or take advantage of many of the other features a PayPal business account offers. One drawback of a personal account is that the buyer will see your full name on each purchase. A personal account might also be appropriate for an artist who occasionally sells their work. Festival food order template with PayPal integrationįor example, if you’re selling that pair of Manolo Blahniks you’ve never worn on eBay, a personal PayPal account will give potential buyers an easy way to pay you for the shoes.
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