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Forum I Need Help! PayPal Personal or Business account?


DESIGNER

zoegraphicdesign
2019-07-03

Hi. Im new here and english is not my native language.
PayPal is the unique way to get payment and i dont know which type of account is the best to use here. Personal or business account. can you help me?



DESIGNER
eclipse42
2019-07-03

You can use both. I had personal and switched / upgraded it to business, work fine both ways.



DESIGNER
fbastiardesign
2019-07-04

I prefer to use business account.



DESIGNER
zoegraphicdesign
2019-07-04

Thank you eclipse42.
fbastiardesign Why you prefer to use businnes account?



DESIGNER
DaniCondruc
2019-07-07

As long as it is Paypal, I think you can use which one you want.



DESIGNER
fbastiardesign
2019-07-08

Because you'll get more benefits.

Eg. withdrawal limits that are greater than personal accounts.



DESIGNER
Ortega Graphics
2019-07-08

Hello,

Concerning the differences between a Personal PayPal account and a Business PayPal account, there is a page with PayPal's recommendations (or you can visit the localized version for your country).
https://www.paypal.com/smarthelp/article/faq2258

Concerning withdraw limits, there could be some differences between the two types of PayPal accounts, but this varies by country. Some countries, for example, have no differences in withdraw limits between the two types of PayPal accounts (the limits are exactly the same between the two account types). The best way to verify this for your country, is to visit the PayPal website, change the country at bottom-right of the page to match your country, and then click on "Fees" at the bottom-left of the page (or the equivalent word in your language).

But in any case, the differences in withdraw limits (if existent) should be inconsequential for the average LogoGround user. For example, in some countries, the instant transfer withdrawal limit is $15,000 per month for a Personal PayPal account and $500,000 per month for a Business PayPal account.

By the way, unverified accounts have a standard monthly withdraw limit (often $500, but depends on currency/country). To lift the limit, you can verify your account with PayPal by linking (and confirming) a bank account. But again, the details will vary per country; sadly, some users in some countries have no way to lift that limit (as expressed by some fellow LogoGround users).

Hope this helps,

Ortega Graphics


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Last post on 2019-07-08

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