But how do you know if you need a PayPal Business account or if you should just use your personal account? We hope you understand the difference between a PayPal personal account and a PayPal Business account. To know more about the difference between PayPal Business and PayPal personal accounts, read this article. When you're in a tight spot, this will come in handy. You may earn perks such as PayPal credit or loans if you use a PayPal Business account. Customers will find it easier to make purchases online with this added feature.įurthermore, PayPal personal offers customers limited payment options, but you allow customers to pay however they want with PayPal Business. You can use your company website as an e-commerce platform with PayPal Business. PayPal Business is similar to PayPal personal however, as a small and medium enterprise, you get access to additional features like sending and receiving invoices, allowing subscription payments, etc. But the PayPal Business account is for merchants or enterprises selling goods or services since it offers added features. You can use a PayPal Personal account to get paid online or make payments for personal reasons. PayPal personal and PayPal Business are two separate accounts that serve different purposes. PayPal Business accounts are accessible in over 202 countries/regions and support 25 different currencies. They are not required to create a PayPal account and can pay using a debit card, credit card, or PayPal credit. The best part about PayPal is that customers can easily check out and make payments. Accepting and processing payments is simple with a PayPal Business account for small and midsize enterprises. It has about 400 million active users all across the world. PayPal is a well-known and trusted online payment service provider. This blog includes all the information you need around PayPal Business accounts so you can make an informed decision. However, if you're selling products on your ecommerce store, setting up a dedicated PayPal Business account might be the easiest way to accept payments.Ī PayPal Business account allows you to do more than just accept payments it also gives you access to tools that will help you run and grow your business. You may already have a PayPal account and use it to make online purchases or transfer money to friends and family. Enter the two amounts as they appear on your statement to confirm your account.More than 30 million online merchants use PayPal on Shopify stores. You can also click the Wallet tab, select your bank, and click Confirm bank.
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