Limited Regulations Of Paypal Personal Accounts
Personal Accounts – If you plan to do little with your PayPal account other than buying goods, then the Personal account will be perfectly adequate for your purposes. However, the fact that you have chosen to invest your hard earned cash in this book suggests that you are probably interested in doing a little (or perhaps a lot) more than that.
According to PayPal regulations, you can only use your Personal account to send money to private individuals or to purchase goods or services on the internet in any situation where PayPal is one of the accepted payment methods.
They do, however, clearly state that, as long as you want to earn money by selling anything online, you need to use a Premier or Business account.
And, as I am assuming that you would not need to know the ‘Facts & Fictions’ about dealing with PayPal if all you wanted to do is send a few dollars to your Mom, then I am equally taking it as read that that is all I need to say about Personal accounts!
They exist, but, for anyone who wants to make money online, they might as well not do!
One final point about Personal accounts that is a bit of an anomaly, and one that I really don’t get to be totally straightforward about! That is, you can have both a Personal account and a Premier or Business account, but you have to register completely different credit cards, email addresses and bank account details for each account in order to do so! It’s a total waste of time and effort as far as I am concerned, so I would say that you should keep things as simple as possible.
Upgrade from a Personal to a Premier of Business account as soon as you can!
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Category: Payment Processing
