Difference between PayPal Personal Account and PayPal Business Account?
PayPal Business or Personal Account?
I use my personal PayPal. Just remember that PayPal has a higher limit for tax documents (at least it used to). It used to be at least $10k pulled out before they'd send you a tax form. Since you probably won't be hitting that limit this year at least, just remember to report all your earnings in April.
Rover isn't paying you as a business. They are paying you like an employee. Instead of getting your bank info for direct deposit they just use PayPal.
More on reddit.comIs it better to have business or personal paypal account
Should I convert my Personal Account into Business Acccount?
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Wondering if anyone can give a breakdown of what the actual difference is. Googling and digging through PayPal's website yeilds sales pitches on upgrading to a business account, but I can't find a good side-by-side breakdown what the actual difference is, what the pros and cons are.
I'm likely going to go for one, and what I really need to know whether I should convert an existing personal account to business, or create a new separate business account.
For context: working on an ecommerce site which uses paypal as a payment processor, and requires a paypal business account.