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Although, you can not do the opposite (downgrading a business account to a personal account).

It is possible to upgrade from a personal account to a business account. But, at some point, you’ll want to switch to a business account. You can start selling online using your personal PayPal account, if you already have one. Keep in mind that no business documents are required to create a business account. If you are an online merchant who wants to get paid using PayPal, then you should open a business account. If you are a regular shopper who shops online or wants to send money to friends and family, then the personal account is the way to go. Let’s go over the differences between the two.

The first one is a personal account, and the second is a business account. PayPal offers two different account types. Now that we have a basic understanding of what PayPal is, let’s go over the PayPal account types available. Including eBay, which uses PayPal as a payment method for buyers and sellers alike to send and receive money. Nowadays, it’s rare to find a website that is not accepting PayPal as a payment option.

There are +286 million people using PayPal daily in +200 countries around the globe, with a respectable range of +25 currencies. Add your payment method, and start using this fantastic payment processor instantly. You can open a PayPal account in a matter of minutes. Since PayPal serves as a digital wallet, it is using the latest data encryption and anti-fraud technologies to keep your information secure and to reduce the risk of online fraud. For example, your bank accounts numbers, credit card numbers, expiration dates, security codes, and the actual billing address associated with these funding sources. Therefore, your sensitive information is safe. The information they will receive is your name, email address, and shipping address if required. This way, the merchants and sellers will not receive unnecessary information. All you have to do is link your credit or debit card with your PayPal account and pay using PayPal at checkout. With PayPal, you can accept payments online without revealing your financial details. In other words, PayPal is your digital wallet. They serve as an electronic alternative to traditional payment methods. PayPal is a service that allows you to send and receive payments online.

įrom what is PayPal, to PayPal account types, fees, how to open and verify your PayPal account, link and authorize your debit or credit card, and more. In this section, we will cover everything you need to know about PayPal.

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