I have a premier account and business account type is my concern. As a holder of the business can you choose to be an individual? If so, can you go under a business name instead of your personal name and does it require you to be a legal entity (as registered in your country)? Sorry for the newbie questions but I have no clue about such stuff. I'm looking to sell services through my website. I have emailed PayPal and the support is not able to answer my questions, they told me to contact the developers which is a hassle because it requires registration. Also, why do they enforce the rule of one downgrade per account?
If you are using business account, you can display the company name but premier account can only display personal name. Business account doesn't really request for registration, so far they never ask for any proof. By the way, it wi be always better if you have register company
If you have a business, stick with the business account, as simple as that. You will also get some reductions on the cut they take. I guess you will need to create the business account in Paypal US if your business is in the US, etc...
Thanks for the replies but I want accurate answers to my questions. Can you be an individual though it's a business account? Do you really have to be registered? And why do they enforce the rule of one downgrade per account?
yes, you can Not necesarry Yes, the downgrade only applicable to premium account to personal account. business account can not downgrade