How To Open A Paypal Business Account

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Overview

launching a new company? Have a successful small to medium-sized business (SMB) already? Create a PayPal business account instead, please.

These accounts are excellent for individuals who want to increase their payment alternatives and manage their day-to-day online sales as well as those who need to start accepting payments. There are advantages to opening a different business account even if you already have a PayPal personal account.

You can open a PayPal business account in just a few minutes if you gather some basic information about your company and yourself and then follow these nine easy steps. You’ll be able to track payments for products and services, accept payments for them, and make profits. You’ll also have access to features like live customer assistance.

What you need to set up a PayPal business account

To make the process of setting up your PayPal account quick and simple, gather the necessary documents before you log in:

1. Name and address of the PayPal account owner (typically the business owner)
2. Account owner’s email address (this will be verified)
3. Name and address of the business
4. Business’s customer service contact information
5. Bank name
6. Bank account number
7. Bank routing number

The steps

1. Go to PayPal.com and click on Sign Up.
2. Choose Business Account and click Next.
3. Your email address. A PayPal personal account is not connected to the email address you use. Using an email address already connected to a PayPal personal account will result in the closure of that account.
4. Give some fundamental details about your company, such as the account owner’s name, the company name and address, your email address, and a contact for business customer care. Click Agree and Create Account after providing all the necessary details.
5. Additional details about your company should be provided. Whether your company is a sole proprietorship, partnership, corporation, nonprofit, or government agency will be requested of you. Depending on your response, you can be questioned about the goods or services your company offers, your tax ID number, sales, or your website’s URL.
6. Give them your personal data. You’ll need to enter your date of birth, home address, and the last four digits of your social security number when creating your account. Click Submit after you’ve finished this step.
7. Please verify your email address. PayPal will send you an email to confirm the email address you gave in a little while. Verify your email address after opening the email. You must complete this step before using your account.
8. Give details about your bank account. Enter your bank account details after logging into PayPal and following the instructions in the email. If you don’t have a company account, you can use a personal bank account number. To finish this stage, you must provide the name of your bank, the account number, and the routing number.
9. When everything is finished, PayPal will make two minor transfers into the account and then send a verification request to your bank. Check your bank account frequently for two tiny deposits from PayPal because this process takes three to five days to complete. You can complete setting up your account after you witness the transaction.

Thank you for reading our todays post on how to open a paypal business account. We hope our article has been helpful.