PayPal's ToS requires you to have a business account so ... you need to open a business account for if they ever catch wind that you are using a personal account for business you'll be another person posting that "PayPal froze my account". Don't be like them. Secondary to the PP terms issue, you risk 'piercing the veil' which will make the protections afforded by a LLC worthless, so ... don't use your personal account(s) for anything business related ... read on. For the expenses you have charged to your personal credit card, write up a 'invoice/expense report' and submit it for reimbursement from the LLC once it is practical to do so. Don't pay your personal card with the LLC's checking account or vice versa. Answer from alento_group on reddit.com
PayPal
paypal.com › us › business › open-business-account
Open a Business Account Online | PayPal US
To open a Business account online, you’ll need to provide your full legal name, email address, a password, your tax ID or social security number (SSN), business description, and your business bank account details.
PayPal
paypal.com › us › brc › article › what-is-a-business-account
What is a business account and what are its benefits? | PayPal US
November 5, 2024 - To open a business account, you will likely need identification for yourself, a Social Security number or EIN, proof of residence, proof of your business’s legal designation, and authorized signer information and/or signature cards. Specific banks may require other things, so be sure to inquire before beginning the process.
New/First-time LLC owner here! Confused about PayPal payments, bank accounts ... please help!?
This is a friendly reminder that r/smallbusiness is a question and answer subreddit. You ask a question about starting, owning, and growing a small business and the community answers. Posts that violate the rules listed in the sidebar will be removed. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. More on reddit.com
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January 2, 2021Should I use PayPal for my small business?
Using Paypal is fine as long as you understand how to mitigate the problems. For the most part it would be this: Have something else available for CC payments. Don't wait for issues to happen to look for a CC processor. Don't link your Paypal account to a CC or bank account where you keep your funds. When linking to a bank account, make sure it's kept at $0 so PP can't withdraw money. Transfer money from PP to your bank account and then away from that bank account to your real one atleast weekly. More on reddit.com
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June 6, 2023Can't use Chase bank account with Paypal?
Received an invoice that you were not expecting: then ignore it. An invoice is just a request to be paid. If you don't owe them money, are not doing business with them, then that invoice is a scam and you just ignore it. This is a very old scam (pre-dates PayPal even...) where invoices are sent out with the hope that whoever receives them will pay without realizing it is a scam.
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More on reddit.com 6
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July 9, 2021Creating a paypal business account, is it worth it or too risky for staying anonymous?
I used to use a personal PayPal account when I first offered commissions, however my following was pretty small at the time. As my audience grew, I opted to make a business account to protect my identity bc while the majority of the internet interactions I’ve had are great, there’s definitely some sketchy people I’m glad don’t have access to my real name. That being said, the only burden I’ve had with a business account are two things. One is in regards to the new tax law that took place this year in the U.S where if you make over $600 a year, you will be sent tax forms and you will be taxed on it. And PayPal doesn’t take out tax for you, so you have to track it on your own and pay what you owe come tax season. However, this is ONLY applicable to business accounts (which is why I will use my personal account with friends I trust that way it won’t be taxed, however on their end they will be charged an additional transaction fee, which sucks). And two, unless you’re making a “friends and family” transaction (which I believe is only possible via a private account), PayPals fees are ridiculous. And again, their fees are NOT them taking out an included tax. It’s just the fee for using their site, period. For me it’s been anywhere from 3-6 dollars, which doesn’t sound like a lot but it adds up per commission! So that’s super frustrating and honestly I’m trying to find a better route for payment but as of now I’ve just had to deal with it. It really just comes down to what you prioritize, avoiding fees or your identity! More on reddit.com
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October 5, 2022Can I issue invoices with my PayPal Business account?
With an online Business account with PayPal, it’s easy to issue online invoices that customers can pay instantly using their preferred payment method, even if they don’t have an account with PayPal. More about invoicing.
paypal.com
paypal.com › us › business › open-business-account
Open a Business Account Online | PayPal US
What’s the difference between a PayPal Personal and Business account?
All PayPal accounts allow you to send and receive payments.
Personal: Recommended for individuals who shop and pay online, or who wish to send or receive personal payments for shared expenses like dinner bills or rental charges; for casual sellers or non-businesses who wish to get paid online, and who also make online purchases.
Business: Recommended for merchants who operate under a company/group name. A PayPal Business account offers a variety of additional features, including limited access to your account for up to 200 employees, plus a customer service email alias so that customer issues
paypal.com
paypal.com › us › business › open-business-account
Open a Business Account Online | PayPal US
How does PayPal keep my business info private?
As a trusted global payments company, we integrate a privacy-first approach into our products and services. Learn more about how we protect your data.
paypal.com
paypal.com › us › business › open-business-account
Open a Business Account Online | PayPal US
Videos
12:39
PayPal Business Beginner's Guide 2025 - YouTube
10:11
How To Start A PayPal Business Account (Step By Step) - YouTube
01:34
How to Link a Bank Account to a PayPal Business Account - YouTube
08:26
How to Setup Paypal Business Account in 2025 | Create Paypal Business ...
01:01
How To Link Bank Account To PayPal Business Account - Quick Guide ...
PayPal
paypal.com › us › business
Payments Processing Solutions for All Business | PayPal US
To be approved for a PayPal Business Debit Mastercard®, a customer must have a PayPal Business or PayPal Balance account. The PayPal Business Debit Mastercard® is issued by The Bancorp Bank, N.A. (“The Bancorp”) pursuant to a license by ...
PayPal
paypal.com › c2 › webapps › mpp › how-to-guides › sign-up-business-account
How to Sign Up for a Business Account - PayPal
A step-by-step guide to creating your PayPal Business Account, from sign up to choosing the right online payment and invoicing solutions.
PayPal
paypal.com › c2 › webapps › mpp › manage-my-account
Manage your PayPal Business Account
Set up your account and choose your payment solution. ... Start selling and reach millions of buyers worldwide. ... Leverage our branding and integrate a simpler and safer checkout. Your customers will be delighted. ... Let our logos and banners inform your buyers that you have chosen PayPal to process their payments more safely. ... Once you’ve verified your linked card or bank account, you can send, receive and withdraw money to and from your PayPal account.
Reddit
reddit.com › r/smallbusiness › new/first-time llc owner here! confused about paypal payments, bank accounts ... please help!?
New/First-time LLC owner here! Confused about PayPal ...
January 2, 2021 -
Hi everyone! I just started my first small business LLC (single member - just me!) a few days ago and I'm confused about a couple of things. I'm hoping Reddit can help :)
- I occasionally get paid via PayPal. I was previously a sole proprietor. Do I need to create a new PayPal account using my new business email address and only do PayPal transactions marked "business" (instead of "friends and family") moving forward? Or can I use my existing PayPal account and just transfer relevant payments out to my business checking?
- My LLC filing got approved but I'm still waiting to hear back from the bank about my new business checking account. I've had to pay for things in the meantime with a personal credit card. Do I pay these charges off now with a personal checking account? Or should I wait until my business checking gets approved and pay for the charges then?
- If I need to put more money into my LLC (into the business checking), do I need to keep revising the Operating Agreement and Capital Contributions every time I do?
- Does anyone here have recommendations for a good (affordable) small business CPA? I'm not making much money yet but every article/book I read really emphasizes how important getting a CPA is.
Thank you so much for your help in advance!!!
Top answer 1 of 2
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PayPal's ToS requires you to have a business account so ... you need to open a business account for if they ever catch wind that you are using a personal account for business you'll be another person posting that "PayPal froze my account". Don't be like them. Secondary to the PP terms issue, you risk 'piercing the veil' which will make the protections afforded by a LLC worthless, so ... don't use your personal account(s) for anything business related ... read on. For the expenses you have charged to your personal credit card, write up a 'invoice/expense report' and submit it for reimbursement from the LLC once it is practical to do so. Don't pay your personal card with the LLC's checking account or vice versa.
Wise
wise.com › us › blog › how-does-paypal-business-work
How does PayPal Business Work? An Overview - Wise
November 15, 2024 - Holding business money on PayPal is secure. It is linked to major bank accounts for easy deposits and withdrawals as needed. The platform also allows businesses to keep and manage money in multiple currencies.
PayPal
paypal.com › in › business › getting-started
Everything starts with your Business account.
Learn about PayPal for Enterprise · Have a question? Visit our Help Centre to browse our FAQs. All we need is your email address and some basic information about your business. Sign up for a Business account · Confirm your email address and business name, link your bank account, and you’ll ...
PayPal
paypal.com › us › webapps › mpp › account-selection
Sign up for PayPal | Personal & Business Accounts | PayPal US
Create your PayPal account for personal or business use. Send, receive, and manage your money all in one place. Get the app or sign up online today.
PayPal
paypal.com › uk › brc › article › how-to-open-a-paypal-business-account
Opening a PayPal Business account | PayPal UK
July 14, 2023 - Log into your PayPal Business account. Click Money on the top of the page. Click Add a new bank account.
PayPal
paypal.com › ie › business › getting-started
Getting Started | Create PayPal Business Account | PayPal IE
It’s free to sign up All we need ... account · Start accepting payments Confirm your email address and business name, link your bank account, and you will be ready to accept payments....
PayPal Newsroom
newsroom.paypal-corp.com › covid-19-opening-a-paypal-business-account
Accept Payments Quickly: Opening a PayPal Business Account
Log into your PayPal Business account. Click Money on the top of the page. Click Link a new bank.
LegalZoom
legalzoom.com › financial planning › business accounting
Should I Have a PayPal Business Account?
April 18, 2024 - This ties up the money in your PayPal account until you resolve whatever issue PayPal has identified. PayPal is not a bank, so it is not subject to banking rules, and your funds that PayPal holds are not protected by FDIC insurance.
Lili
lili.co › home
Online Banking for Small Businesses in the US | Lili
May 15, 2025 - Your Lili business account and Lili Visa® Debit Card are protected by industry-leading encryption software and security protocols, including fraud monitoring and multi-factor authentication. ... Banking, business credit, and accounting—together in one powerful platform, built for entrepreneurs who expect more.
NerdWallet
nerdwallet.com › back to nerdwallet homepage › business › paypal business account review for 2025: how it works, who should get one
PayPal Business Account Review for 2025: How It Works, Who Should Get One - NerdWallet
PayPal Payments
When no currency conversion is involved, you can transfer PayPal funds to a linked bank account for free. Funds usually arrive within three to five business days.
Reddit
reddit.com › r/entrepreneur › should i use paypal for my small business?
r/Entrepreneur on Reddit: Should I use PayPal for my small business?
June 6, 2023 -
I've been reading several horror stories about PayPal and I'm worried something might go wrong down the line. I've been using my business account to sell collectibles and commissions via social media through PayPal invoicing and only had 1-2 holds since I've started 3 years ago.
I run a small volume art shop and do commission work.
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Using Paypal is fine as long as you understand how to mitigate the problems. For the most part it would be this: Have something else available for CC payments. Don't wait for issues to happen to look for a CC processor. Don't link your Paypal account to a CC or bank account where you keep your funds. When linking to a bank account, make sure it's kept at $0 so PP can't withdraw money. Transfer money from PP to your bank account and then away from that bank account to your real one atleast weekly.
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You've got good reason to be worried, I have heard many horror stories regarding PayPal over the years myself. I would make sure that you at least have fully researched a backup that you can have ready to go should the worst happen with PayPal. I personally would just boot PayPal all together if it was my business, they are a terrible outfit on so many levels when it comes to their treatment of vendors. Best of luck with whatever you choose.
Jotform
jotform.com › paypal-business-account-guide
PayPal Business Account: Everything You Need to Know
August 7, 2024 - Unlike old-school merchant account providers that often come with complicated qualifying terms and heaps of paperwork, a PayPal business account merely requires some basic contact information and general details about your company. Anyone can sign up — a credit check isn’t necessary. You merely need to link a bank account in order to receive funds from your transactions.
Synder
synder.com › blog › business › how to create a paypal business account: simple guide on how to set up a paypal business account
How to Create a PayPal Business Account: Step-by-Step Guide
July 14, 2025 - You’ve created your account, but to start using it in full, you need to enter your bank account details. Just follow the prompts in the email, log into PayPal, and add your bank information. If you don’t have a business bank account, don’t worry — you can use your personal one, but it’s better to create a separate business bank account to avoid mixing up your finances.
MoonInvoice
mooninvoice.com › home › how to set up paypal business account: a go-to guide for businesses
How to Set Up PayPal Business Account in 6 Easy Steps
September 1, 2025 - A PayPal business account is perfect for those who run small businesses and do frequent online transactions. Unlike a personal account, a PayPal business account will let you send or receive money instantly. So, you can directly receive the payment in the bank account or put it in your PayPal wallet...
Indeed
indeed.com › home › hiring resources › setting up a paypal business account: an intro
Setting Up a PayPal Business Account: An Intro
To set up a PayPal business account, you’ll need the following information: ... Once you create your account, you can set up bank transfer information to move money from consumer purchases through PayPal to your company’s bank account.