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- - Paypal business account (https://www.aspkin.com/forums/paypal-talk/132687-paypal-business-account.html)

kinsey

01-10-2020 11:34 AM

Paypal business account

Looking into upgrading my personal verified paypal into a business account to help with tax preparation. Are there any disadvantages in a business account compared to personal?

JayRay

01-10-2020 12:04 PM

Re: Paypal business account

Quote:

Originally Posted by kinsey (Post 1060746)

Looking into upgrading my personal verified paypal into a business account to help with tax preparation. Are there any disadvantages in a business account compared to personal?

Do you have a LLC and EIN?, if No, then you need to start with these.

agent006140

01-10-2020 12:33 PM

Re: Paypal business account

long ago,personal account cannot accept cc payments ,only premier,business accounts can.
Now there is no difference,Paypal wants us to upgrade to business account since we are using Paypal to run a business.
Cant recall any difference?

kinsey

01-10-2020 01:04 PM

Re: Paypal business account

I have a DBA and EIN. I think you are able to make reports with business. It is always a pain when I get my 1099 to sort all the refunds and sort the state sales.

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