Paypal Business Verifying By Company Name not Personal Name
I've had several PP's Business, not Personal, where you use a Business name but do not enter an EIN - you say it is an individual business - and you name it whatever you want - and you add your name as the account holder.
When PP verifies this Business, it verifies with your personal name - but apparently I was wrong or they changed it. They verify the "business" account now by the business name - even if you do not supply a EIN - instead of your name as the sole indivudual.
which is why the 3 PPs created - none of them had deposits because they were business in order to accept money.
So if you call your PP business account Green Seeds - you cannot get it verified to send money to with your name. So I must have made a mistake thinking I could send money from the PP business account to my bank account - so you have to transfer from a business to an individual in order to deposit?
I called my bank and they said the two deposits were rechecked because they came in the name Green Seeds.
What I don't get is - EB allowed me to use a personal account to accept payments? I thought you had to be a Business account in order to accept EB payments? Because all my EB payments went into my netspend before in my name, for years, not the business name.
Last edited by stealthychew; 07-07-2013 at 06:47 PM.
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