Setting up a business account on PP

[Bacterial]

Which acc type should I use? Any suggestions? Also, does it involve extra fees using business account, like they can't send me money for family/friends anymore?

 

You still can send as family/friends. Unless you're looking to start a business, buying and selling something, it's advisable to just use a personal account (less fees I think, but don't quote me on that)

 

[Bacterial]

You still can send as family/friends. Unless you're looking to start a business, buying and selling something, it's advisable to just use a personal account (less fees I think, but don't quote me on that)

The only problem I'm close to the year limits and it's 9 more months to go(only 1000$ left), so that's why I'm asking. Does any1 have experience using this type of account to get paid?

 

[Sebas613]

complete the verification for your personal account and you wont have any limits either.

 

The only problem I'm close to the year limits and it's 9 more months to go(only 1000$ left), so that's why I'm asking. Does any1 have experience using this type of account to get paid?

If you're attempting to evade the taxes, PayPal probably isn't for you.

 

[Bacterial]

complete the verification for your personal account and you wont have any limits either.

I'm sorry but you are mistaken. The limit is like 3000$ y year, which is not enough even tho I did all the verification

 

I'm sorry but you are mistaken. The limit is like 3000$ y year, which is not enough even tho I did all the verification

It's unlimited if you link your bank account to your paypal account.

 

[Bacterial]

It's unlimited if you link your bank account to your paypal account.

If we talk about personal accounts? By paypal:

We’re required to collect and verify information from our customers. We must do this before our customers receive £1,900 into their PayPal account (in total) within a year of receiving their first payment.