I read the information in paypal site and know the differences between Business and Premier Account. But I still got some questions that is not clear. 1. If I have a Business account, when I withdraw money, should the bank account name the same as the Business name? Can I use a personal bank account to receive the money? 2. If I have a Premier Account, when I withdraw money, can I use a bank account name other than the registered name in paypal account? Since I found a site said that you can use your company in Premier Account. For example, if your company name is Love Dog, all you need is enter "Love" as the first name and "Dog" as the last name. But I am not sure whether the bank account name must be "Love Dog" as well.
Under all circumstances, your name in Paypal must match your name on your bank account unless your bank has a lax policy to that effect. You must be a registered business or incorporated company to use a Paypal Business Account and thus the bank account name must match the name of your company provided to paypal. As for the Premier account, it is best to keep it to your name. I don't see a reason why you should use a Premier account if you have a registered business since the fees and features are basically the same. You might get by with using your company name in your name and address but if Paypal finds your account suspicious, you need to provide a Photo ID with the name 'Love Dog' which would be difficult to explain. In all cases, Paypal would still deal with a single human contact irregardless of the time of account you sign up for.
Premier Account is OK because you are individual , Business Account is for those who want to work as a company and have Bank account on company's Name.