IS there any benefit to upgrading to a Business Account? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 02-06-2017
Junior Member
 
Join Date: Apr 2016
Posts: 56
Thanks: 14
Thanked 6 Times in 6 Posts
Activity: 0%
Longevity: 28%
iTrader: (0)
Default IS there any benefit to upgrading to a Business Account?

IS there any benefit to upgrading to a Business Account?
What is the difference?
Thanks
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 02-06-2017
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 7,824
Thanks: 2,279
Thanked 2,621 Times in 1,921 Posts
Activity: 44%
Longevity: 47%
iTrader: (2)
Default Re: IS there any benefit to upgrading to a Business Account?

BUSINESSES are intended to make a profit and sell stuff and a lot of it. Other than that just Tax reasons such as EIN
Reply With Quote
The Following User Says Thank You to yankee For This Useful Post:
yomama9999 (02-06-2017)
  #3  
Old 02-06-2017
Junior Member
Threadstarter  
 
Join Date: Apr 2016
Posts: 56
Thanks: 14
Thanked 6 Times in 6 Posts
Activity: 0%
Longevity: 28%
iTrader: (0)
Default Re: IS there any benefit to upgrading to a Business Account?

SO there is not reason to upgrade if you have a ssn on the account.
Reply With Quote
  #4  
Old 02-06-2017
phaz0rz's Avatar
Senior Member
 
Join Date: Nov 2015
Posts: 8,683
Thanks: 1,754
Thanked 3,113 Times in 2,344 Posts
Activity: 83%
Longevity: 31%
iTrader: (2)
Default Re: IS there any benefit to upgrading to a Business Account?

Quote:
Originally Posted by yomama9999 View Post
SO there is not reason to upgrade if you have a ssn on the account.
Not really, unless Paypal will let you take off the SSN when you add an EIN (which I doubt). Then you could set up an LLC and have the business held liable for your e-commerce activity rather than yourself, in the event you're ever sued.

I think business accounts also have access to a more detailed reporting center, but I haven't checked lately.
__________________
____________
_______
___
Reply With Quote
The Following User Says Thank You to phaz0rz For This Useful Post:
yomama9999 (02-06-2017)
  #5  
Old 02-08-2017
Senior Member
 
Join Date: Sep 2011
Posts: 3,126
Thanks: 11
Thanked 750 Times in 578 Posts
Activity: 0%
Longevity: 63%
iTrader: (0)
Default Re: IS there any benefit to upgrading to a Business Account?

PP never takes anything off... they may use the EIN instead of the SSN, but it never goes away.

So, other than the comments above, there's no reason to change anything.

I've got PP accounts I've never changed from personal to business and they're from 2010.
Reply With Quote
  #6  
Old 02-09-2017
Junior Member
 
Join Date: Jul 2016
Posts: 18
Thanks: 3
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 26%
iTrader: (0)
Default Re: IS there any benefit to upgrading to a Business Account?

I upgrade accounts to business accounts when I can tell the amount of money going into pp account might reach the threshold to get flagged, which I have found to be an amount greater than $2000 in one month. When pp decides that you will likely make more than the $20,000 that year, your account becomes limited until you add the EIN. If I add the EIN ahead of time and change to a business account, the limitation is avoided and things keep running smoothly when the earnings reach in the thousands a month. Usually I will need to do this after about the first month or two.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Upgrading to business account Versace1212 PayPal Talk 0 07-19-2016 10:36 AM
Upgrading to Business Account ebaystinks1784 PayPal Talk 9 08-21-2014 07:02 PM
Upgrading account to business DoubleA eBay Discussion! 1 12-18-2012 02:32 AM
How do I create a fictitious business name / dba business? What benefit is it? thewilddog eBay Suspensions 10 07-15-2008 12:43 PM


Aspkin Group

All times are GMT -5. The time now is 05:33 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts