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#PAYPAL PERSONAL ACCOUNT SIGN UP HOW TO#
#PAYPAL PERSONAL ACCOUNT SIGN UP PASSWORD#

For example, when a customer makes a purchase, PayPal charges you 2.9% of the payment you receive and $.30 per transaction. However, there are charges and fees associated with business account features. It doesn’t cost any money to set up a PayPal business account and begin using it. Is there a charge for a PayPal business account? Frequently asked questions about PayPal business accountsĬonsider the answers to these frequently asked questions about PayPal business accounts to help you decide if it’s rightfor your company. From the email, you’ll be able to confirm your identity and begin using your PayPal business account. PayPal will send a confirmation email to the provided email address to ensure that you own it. Provide your EIN or Employee Identification Number to verify that you’re a business. PayPal will ask for some background information to complete your profile, like your business’s website, mailing address and phone number.

Select a username and password to access your account after you finish the account setup process. PayPal offers several types of accounts, so be sure to select "business" to receive all the associated benefits like multi-user access and merchant services. You’ll want this to be a company email that is checked by an employee who handles accounts receivable. Provide an appropriate email address to open the account. You’ll seea button labeled "sign up" that will link to the next step. Sign upīegin by signing up on the PayPal business account page. You may need to rely on PayPal customer service in the case of any errorsįollow these steps to set up your PayPal business account: 1.

PayPal can suspend your account with little notice, which freezes your account and any money you’ve not yet transferred to your bank account.

PayPal often holds funds for 72 hours before you can access it.

Transaction fees can be high, especially on low-cost purchases.

Providing individual sign-ins for employees to manage specific aspects of the accountīefore signing up for a PayPal business account, it’s important to consider the drawbacks:.

Offering financing options for customers.

Allowing recurring subscription payments.

Allowing customers to check out without PayPal accounts.

Simplifying check out for customers to improveconversion rates.

Operating under your business’s name rather than your personal name.

Accepting multiple payment methods like credit cards and mobile payment apps.

There are several benefits to using aPayPal business account, including:

Related: How to Grow Your Business Benefits of a PayPal business account Companies can set up PayPal business accounts to manage the sale of their goods and services online, in person, over the phone or through other mediums. PayPal is an online payment processing company that facilitates financial transactions from consumers to other consumers (C2C), consumers to businesses (C2B) and businesses to businesses (B2B).

#PAYPAL PERSONAL ACCOUNT SIGN UP PASSWORD#

#PAYPAL PERSONAL ACCOUNT SIGN UP HOW TO#