Transfer from Business to Personal

I have a business Account. I recieve around daily 750-1000$.

I am yet to open the bank account , though its in process.

Now, I know paypal allows to open 2 account.

Personal and Business.

Can I transfer funds from Business to Personal and withdraw it in my saving account withoiut any issues ?

 

Yup.You can. But If get the money from Business account, personal account should pay fees....
Why not withdraw the money from ur business account to ur bank account?

 

Yes, agree with MoseS. You are allowed to have 1 personal and 1 business/premier account. Personal accounts also contain some fees so better directly withdraw your funds from the business account. BTW why do you want to transfer your funds from business to personal?

 

Earlier, it was not considered okay. I'm not sure of present time. It would be best to call/email PayPal support and ask 'em as you will be transfering considerable amount. On a second thought, why not get the funds in personal account while new bank account is not available.

 

I am yet to open the bank account , though its in process.

Thats what I am thinking to do but wanted advice from respected members.

I will do mass transfer , so just 1$ , considering 1000$ daily.

 

But both business and personal account needs to have same email id as login ?

If not , How paypal tags personal and business account ?

 

It is always a good idea to receive funds in your personal account directly from your buyers till the bank account for your business account becomes operational!

There should not be any problem in receiving such funds in personal account as long as your buyer pays you through any other transaction tab and not using a 'personal' tab!

Regards,

RightMan

 

They pay me through my website , which means I have merchandised link on my site

 

I won't suggest this. Don't know what others have to say.

Also, I'm not sure if $1000 daily is okay for Personal account or not. That's why they offer Premier and Business accounts.

Nopes, they need to be on different email addresses.

You select the account type while registering it.

 

Nope..Each account must have a unique email address, bank account and credit card....

 

Created.

Thanks.

Will withdraw amount from personal, transfering from business , using mass pay , to personal saving account.

 

You can do however don't cross the limits of personal account else you'll be inviting trouble for both the accounts.

 

Whats the limit for personal verified account ?

 

There is no limit for receiving..Just 2,500$/month withdrawl limit

 

For verified account also, its 2500$ ?

1) Can I upgrade it to Premier and also retain business account ?

2) Should I use mass payment from business to personal OR personal payment ?

 

Yes..
1)..There is no need to upgrade..Because you can not have both Premier & business account at the same time....
2) I dont understand...You meant use personal account to receive the money from the buyer?

 

Should I use mass payment from my business account to my personal account OR Should I use personal payment option ?

 

Never tired this before.I think you can use both....
I think you also can sending the money as "gift" so paypal wont charge you fees.

 

What others says ?

Can one send himself anything as gift ?

 

Don't send more 500$ per month to your personal account or they put you under scanner.