UK eBay & PaypalGeneral discussions about eBay.co.uk Suspensions and Paypal.co.uk limited accounts. This forum is geared towards UK eBay & Paypal sellers.
Are there any real benefits to a business account?
I have got a 5 month old personal account eBay and premier Paypal which is starting to gain a nice amount of sales, I would say each month about £2-3000, which I am looking to gradually increase hopefully!
Would it be wise to change this to a business account? What are the benefits and drawbacks?
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Re: Are there any real benefits to a business account?
you can apply for a 0.5% discount with paypal if you get a business account. Not sure about ebay, can get a shop which is good for using good until canceled
Re: Are there any real benefits to a business account?
Benefits:
-Quicker limit increases
-Can become top rated seller (So 10%discount on fees, higher search ranking)
Cons
-You have to act as a business. Legally obliged to accept change of mind returns etc
-Fees can increase (check your category for fees differences between personal and business accounts)
I personally prefer business accounts.
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