Hi, I have a paypal business account and charges are too high So I also have a paypal personal account, but not used it yet So I thought I can use it for some purpose Eg : Reseller hosting payouts Article writing payouts Some freelancing payouts It is unverified account but Is it safe to get payment to that Also after I receive payment there, I will send the payment to my business account as personal payment My business account is verified, back and credit card attached and i am widhrawing every month and it is doing all the above things. But just because of charges I am planning of personal account Please suggest me which is less risk and cost effective and better and also safer I am worried... need your help...
Well there is no doubt that Personal PayPal is cost effective but on same hand risk factor is more in unverified Personal account. Firstly get it verified to minimize risk by 80% and then take every precaution while doing transaction. Make sure you deal with reputed and genuine buyers to avoid charge backs. You can send money from personal to business account but keep it to minimum and only do in urgency other wise it can raise eyebrows of PayPal. Hope this helps. Thanks
Radhika has advised you correctly since your suggested method is a simple one yet not used by many... simply for the fact that it is easy for Paypal to see through your idea and may bar you from misusing your personal account altogether! Regards, RightMan
So when seeing the risks, the small fees are bearable right? I need the safety of my accounts more than that small fees. I have another credit card to verify the personal account also, but if I do that is it safe? Can I transfer funds from personal to business daily or as soon as I receive it? Also what are the other limitations and safety tips in personal account?
Well verified PayPal account is always a big plus but transferring money from your personal account to business account on daily basis can certainly increase your risk. Its better to have payments directly in your business PayPal account. Its better to pay them little fee rather then getting all your money block for 6 months (If account is limited). Thanks
But these hosting reseller payments and article writing daily payments are all sent to business account. This article thing I receive only 1.5$ or 2$ and around 0.50$ goes away on every transaction. So what if we do this, I receive payments in personal account and spend it. But is there any limitations on number of payments I receive?
Small payments you can receive in your personal account and there is not limitation of amount of money you can receive in personal account. Thanks
Ok, What if I verify by adding just credit card. Then get payments and with out sending it to the business account, I will spend it. I will give payment to others from this. Then this is safe right?
Not really. If you are using it from some time and have good reputation they won't limit your account. - Mr.President -
The personal account even though it is unverified it will still work for you just as long as you are using it correctly but eventually it will become a problem because if you are transacting to much money the will limit your account until you verify everything so just be cautious
If its unverified they PP will limited your account coz its unusual to receive those amount especially first time.