Hi! I have Paypal (premier) account. I am verified. I live in USA. I Soon I wil move to another state and open business. I will use PayPal for processing CC orders. And my questions are: Do I have to close this account that I have now (because I will close bank account and cancel my MC debit card)?? When I open bussines, I would like my business name to appear on PayPal invoices, so I know I have to register business and open business bank account, do I need to have bussiness CC (or bank account is enough)?? If I open DBA (Doing Business As) business, do I have to put my name or just business name when I open account??? Thank you! Toni
You can just change your CC and bank information on PP. But since you are going to open a new name.. I think the best way would be to close the PP and open a new one.. (I can't seem to change my business's name on my account either). HOWEVER, do you have transaction points on your PP account? You might want to think twice about it.. if you do. Maybe you can contact PP for the name change.
You could upgrade your curren Premier account to a Business Account. Changing states does not necessary mean you need to cancel your existing account, only changing country would require that. It would be best to contact Paypal and ask them about it.
https://www.paypal.com/us/wf/f=ap_namechg Here's the change name page. If you convert to a business account, you will be able to put in any business name when you make the switch. If you already have a business account, use this form to change the name listed with paypal.
You've got some good advice from your friends over here. Converting to a business account will allow you to set a "Business Name" to use with the account. No need to close it, just update your bank anc CC details once you get the new ones, and you should be good to continue with your existing Paypal account. Luck.