Business Account with paypal?

Discussion in 'PayPal' started by lavitra, Feb 16, 2009.

  1. #1
    so i am using premire.....thinking about upgrading to business account. so that my business name will show in transactions, not my actual name ?

    is it worht it, and are there any costs involved, any downside to upgrading ?


    also epassporte anyone? should i get this as well ?
     
    lavitra, Feb 16, 2009 IP
  2. CustomX

    CustomX Peon

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    #2
    There are no fees to upgrade to a Paypal business account.
     
    CustomX, Feb 16, 2009 IP
  3. eddy2099

    eddy2099 Peon

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    #3
    You only need to have a registered business or incorporated company with an bank account in your business name to operate a Paypal Business account.

    At the core, the Business account and the Premier accounts are identical. The main difference is that a Business account is for a registered business or incorporated company as owner and the Premier is for a private individual without a company.
     
    eddy2099, Feb 16, 2009 IP
  4. lavitra

    lavitra Banned

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    #4
    then, is it possible to show a company name using the Premier account ?
     
    lavitra, Feb 16, 2009 IP
  5. eddy2099

    eddy2099 Peon

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    #5
    No, the premier account is for a private individual and thus should and would only reflect your personal name. If you do not have a registered business or incorporated company then using one would be misrepresenting yourself and in some countries can be deemed as illegal.
     
    eddy2099, Feb 16, 2009 IP
  6. engineerroy2008

    engineerroy2008 Member

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    #6
    In the signup itself you can select Business account or personal account, business accounts charges are less if you transact more in the account.

    The premium member is for personal account only not for business account
     
    engineerroy2008, Feb 16, 2009 IP
  7. HighLayer

    HighLayer Peon

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    #7
    If you have a registered business then go with the business paypal account, it will show your business name.
     
    HighLayer, Feb 16, 2009 IP
  8. lavitra

    lavitra Banned

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    #8
    how do i register business
     
    lavitra, Feb 17, 2009 IP
  9. blitz seller

    blitz seller Peon

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    #9
    i have a verified business indian accounts. and its like just normal verification process like premier accounts. and even regarding us accounts. u dont have to show any proofs for registered business.. i have us business accounts too..
     
    blitz seller, Feb 17, 2009 IP
  10. lavitra

    lavitra Banned

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    #10
    what is the link for upgrading to business account? i cannot find it. also how much do i save by upgrading to business....like right now paypal takes away 3~4% of transaction.

    im getting more and more frequent trasnactions....so its costing quite a bit
     
    lavitra, Feb 17, 2009 IP
  11. Ratchet

    Ratchet Peon

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    #11
    No real difference. Just that business accounts are for registered trademarks.
     
    Ratchet, Feb 17, 2009 IP
  12. rockstartraveltours

    rockstartraveltours Peon

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    #12
    My business account works great.. and I get my money out when I withdraw in 2 days.
     
    rockstartraveltours, Feb 17, 2009 IP
  13. lavitra

    lavitra Banned

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    #13
    will my business name show instead of my contact name in all future transactions
     
    lavitra, Feb 17, 2009 IP
  14. blitz seller

    blitz seller Peon

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    #14
    yea. during check out, the customer will see ur business name. but he can know ur email which u have given in the CUSTOMER SERVICE EMAIL, CUSTOMER SERICE ADDRESS and PHONE number. business doesnt mean its completely anonymous. buyer will know abt all ur business details u had given during sign up
     
    blitz seller, Feb 18, 2009 IP
  15. jestep

    jestep Prominent Member

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    #15
    In the US at least, you can do business as yourself. There aren't any legal requirements on Paypal's side, so anyone can get a Paypal business account. Just make sure to keep your books separate from your personal finances because tax reporting can get tricky in a mixed account.
     
    jestep, Feb 18, 2009 IP
  16. lavitra

    lavitra Banned

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    #16
    ok thanks for the info
     
    lavitra, Feb 18, 2009 IP
  17. tekboi

    tekboi Active Member

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    #17
    just looking into this. Thanks for making this thread before I got to it :)
     
    tekboi, Feb 27, 2009 IP