All PayPal accounts enable payments to be sent and received.
Today, we will talk about business and personal accounts on PayPal.
Business Account: Used for traders operating under the name of a company.
as a result, It offers additional characteristics like limited access to your account and email.
In addition, customer service emails are able to for up to 200 employees
for faster follow-ups to route customer issues.
Personal Account: Used for online shoppers and payers, or you would like to send or receive personal shared expense
payments in short, like Dividing dinner bills or rental charges; casual or non-casual sellers who want to be paid online, and who buys so online as well. [Source: PayPal]
Note that, To clarify For personal and business accounts, the PayPal Debit Card, PayPal Plus MasterCard Credit Cards and PayPal Student Card are available options.
Also Read: PayPal sign-up
PayPal business account vs personal
PayPal has more than 200 million active accounts captured, worldwide, in more than 20 countries.
Since its early days, this payment processing company has evolved and now offers its customers business and personal account options.
Although many of the same options are available
on the other hand, for business and personal PayPal accounts, There are clear differences between the two types of accounts. to sum up,
PayPal Business Account
The business account PayPal is ideal for online traders, like other corporate companies.
similarly, The account gives business owners the option to accept payments without the cost of processing the excess credit card.
Along with the options for payment processing, The business account of PayPal provides Its online billing
such as which enables you to process payments online for your customers, both by phone, by mail, or by fax.
These accounts also offer express payment options, your customers can able to check their PayPal accounts quickly without providing any personal information.
Research from PayPal shows that firms using the Express
The checkout option sees an average 14 percent increase in sales.
PayPal Personal account
The personal account of PayPal is available to you to be safe, secure payments online,
send money as well as accept payments.
For those who shop online and even sell on eBay, this account is ideal.
Above all, You can link your checking account to your Personal PayPal account for the easy transfer of money and payment
options.
So the PayPal personal account is not charged and more than
1,000 online stores accept PayPal accounts.
Also Read: How to activate PayPal card?
