Which paypal account should i use

Basically, Paypal Pro is a process of underwriting a Business account, so you can get all the benefits of a Business account and have the ability to receive payments through phone, fax, and mail. Paypal pro is the most suitable for big businesses, which commonly have a big number of transactions every day and needs the features of Paypal pro to improve the cash flows.

How to get started with Paypal Pro. In addition, if you are using a personal account, you can upgrade to a business account, and from a business account to a pro account but you cannot do the vice-versa way. Personal account If your main purpose is just paying money online or sending and requesting money from your friends and families, a Paypal personal account is appropriate for you.

How to set up a Paypal personal account 2. A Business account includes all the benefits of a Personal account and more: If your customers do not have a Paypal account, it also allows you to accept payments by credit card You can account under your business name which helps protect your privacy It allows up to employees to access your business account to use its features It allows you to print labels, track payments, and get live customer support How to set up a Paypal business account 3.

Paypal Payment Pro Paypal Pro Basically, Paypal Pro is a process of underwriting a Business account, so you can get all the benefits of a Business account and have the ability to receive payments through phone, fax, and mail. Payoneer is also a notable PayPal alternative due to its highly rated customer support. You have the option of contacting support via telephone, live chat or through a support ticket.

Check out Payoneer. Stripe is recognized worldwide as the most painless way to accept credit cards online as a merchant, and it was created with developers in mind, making integrations easy. Please be aware that there are two different types of payments that can be sent using PayPal — Purchase Payments and Personal Payments.

With a Personal payment type, the sender of the payment can choose who pays the fee which is incurred. However, it is not free to send the payment. Either the sender or the receiver must pay.

It is possible to receive personal payments to a Personal or Premier PayPal account. If you are planning on receiving payments for a business you are running, you may need to upgrade your account type, as a Personal account is not suitable for receiving large amounts of payments.

However, if you are only receiving a small number of payments, you are free to do so. In case you are into gambling and want to make a deposit using Paypal , you should be aware that the payment platform has a strict policy about casino transactions. See also : How to change ownership of a PayPal account. It is possible to have two PayPal accounts, however only one can be for personal use, and must be either Personal or Premier type. You can downgrade from a Business account to a Premier account, but not back down to a Personal account.

PayPal users can have one Personal account and one Premier or Business account. Each account needs to have a unique email address, bank account and credit card. Hopefully, that helps to make your choice easier.

If you have any questions, fire them off in the comments section. Some of them are based in the U. Jean Galea is a dad, amateur padel player, host of the Mastermind. I am a South African living in Egypt and have no bank accounts and wish to do freelance work.

Is it possible to obtain a PayPal debit card here, for that purpose? Thank you. Is there any chance of downgrading it to personal or should I keep it this way , as a business user? Thank you so much on your help. I recieve an email from Surveyfime that a payment for my completed survey is being sent to may PayPal account however PayPal rejected my payment. What option so that I can receive the payment from Surveytime. All i want is to findnout if my paypal card can recieve payments to my acct.

For playing games in it. I have all these games that ive won money. And cant get them. Thanks for the information you gave. I found it very informative in my research for the best payment for my business platform. Paypals new changes have made me consider all other options first! I appreciate this article!

Where do you folks get this from??? I have seen this several times on the web. LOL I have been thinking that the whole time I was reading through this.. I have never seen a Premier option, either.. I like the layout of the invoice in the personal account, but not seeing the same layout or options on the business account. Is this the way it is or can I change it? And if so, how? Thanks so much for basically demystifying PayPal.

While I am not sure how it will work in terms of withdrawing payments via my bank in Vietnam as Paypal does not accept VND , I have to set up a business account for my ecommerce site regardless.

If things are not working out as expected, I will be jumping back onto your site to see if there is a solution. Thanks again. Can you please recommend which is best to have for myself who run yoga classes. I have few classes now only which we charge like USD 5 per class for 20 or 30 persons a week.

Does it make sense to have Personal or Business one. These installment payments are interest-free and using this option does not affect your credit score.

Alternatives to PayPal PayPal might not be able to serve as a bank replacement. Here are a few alternatives to using PayPal as your bank account: Consider a credit union. Credit unions are community-based and member-owned nonprofit organizations.

As such, they tend to charge lower rates and provide better deals to their members. Try mobile banking features. If you like the digital-first experience of using PayPal, consider checking out the latest mobile banking app features being offered by banks and credit unions.

Many banks have improved their digital experiences, providing better tools and features for customers, like advanced account insights and automated savings. Get a second chance bank account. If you have a track record of having your bank account closed or other bad marks on your banking history, you may want to apply for a second chance banking account. These accounts, offered by some banks and fintechs, help people get a fresh start in banking.

Bottom Line PayPal offers compelling options and value-added services for people who may want a debit card, prepaid card, cash back credit card, access to small lines of credit and convenient online payments. Was this article helpful? Share your feedback. Send feedback to the editorial team. Rate this Article. Thank You for your feedback! Something went wrong. Please try again later. Best Ofs. Best Savings Account. Best CD Rates by Term. Fintech And Online Banking.

More from. Napoletano Contributor. By Ben Gran Contributor. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.

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