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  #1  
Old 08-07-2010
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Default About business Paypal account.

Here's how it goes.

About a year and a half ago I had my Paypal limited and wasn't able to lift it.
It was in my Dad's name. So I created a random name Paypal account which stands just fine till today(About 14 months from creation).

Now, I am using it for my website to pay my members(I own a GPT site).
The profits aren't big right now so I don't need to withdraw but they grow day by day.

In some months I will need to withdraw my profits. My PP account is currently a Premier.

The problem that will come up on withdrawal is the Bank Account(And of course Debit Card linked to it). The name(name and Surname) won't match.

I read somewhere I can upgrade to Business Account and then change my Account Name.

Is that possible?
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Old 08-07-2010
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First of all I would Never Use Paypal on My Website, Especially a Stealth Paypal. Use A MERCHANT Account.

The Bank Information Should NOT Matter at all, as For Upgrading to a Business account they will allow you to Change the Name on the account to your Corporate name, But the account will still have the SAME PERSONAL Information on it.

This WILL NOT Protect you from Possible Future Limitations However, there may STILL Come a time in The Future where Paypal will Want your Social Security Number irreguardless if you have an Tax Id Number (Like a Business SSN) on file with them or NOT
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Quote:
The Bank Information Should NOT Matter at all, as For Upgrading to a Business account they will allow you to Change the Name on the account to your Corporate name, But the account will still have the SAME PERSONAL Information on it.
What do you mean "They will allow you to change the name on the Account to your Corporate name"?
If I change it to my real one, If I ever get limited, what will they ask proof for?

My real one or the ⊗⊗⊗⊗?

Last edited by loki8; 08-07-2010 at 12:20 PM.
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When You Form a Corporation you are Going to Name it Correct, Well When you change your Paypal account from Premier to Business Paypal will allow you to Change the Name on the Paypal Business Account to your Corporations Name. But they Might Still Ask you for a Social Security Number,,,,And Another thing what do you Care about Social Security Numbers,, that is a U.S. Problem Not a Greek one,,, Do the Have Social Security Numbers in Greece?
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Old 08-08-2010
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No, I don't care about SSN as we don't have one. My question is this.

After upgrading to Business Account, will I be able to change my Account Name(not Business name)?
Because I don't want to create a new Paypal account. I want to change the name to my Real one.

If I contact them, what should I tell them about changing it? That I bought the Business and wish to change the Name on the Paypal account?
(Of course I have legit Proof of Address and Proof of Identity in my real name)
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You Can change the Name on your Paypoal account to a Business name when you Upgrade to a Business account.
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By doing this, will the paypal account name be overwritten by the business name or it will continue to exist?
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It will Countine to Exist.
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Old 08-09-2010
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Then, how can I change it?
Should I tell them(after upgrading to business) that I bought this business and wish to change the name on the account to be able to use it myself?(If they ask Proof of Identity and address I can provide my own cause they are legit)
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Old 08-11-2010
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anyone?

...
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Dude, you NEED to read the Book again, Seems that you have No Knowledge at all as to How Ebay and Paypal Work, That is why No One will Awnser.
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Old 08-15-2010
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lol! I dont care about ebay. My question is this : i want to change the account name of paypal to my real one. I have all the documents they might request (proof of id and address). Should i tell them i just bought the busines7 and want to change the name on the pp account to the new owner(me)?
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Old 08-15-2010
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Why would you change the name to your real one? if you're gonna do that you might as well just open a paypal account yourself with your real name.
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Old 08-16-2010
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The Paypal account is established for over a Year.

I don't want to start with a fresh account.
Also, I am afraid of limitation to the new account. As I said I can provide all legal documents but still, you never know..

Last edited by loki8; 08-16-2010 at 07:43 AM.
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Old 08-16-2010
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Quote:
Originally Posted by loki8 View Post
lol! I dont care about ebay. My question is this : i want to change the account name of paypal to my real one. I have all the documents they might request (proof of id and address). Should i tell them i just bought the busines7 and want to change the name on the pp account to the new owner(me)?
If that is the case, call Paypal they will tell you Exactly what to do.
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Old 08-16-2010
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If I tell them the truth I don't think they will be much happy.

I am looking for an EXCUSE to submit a name change request........
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If you need a name change, you don't need an excuse. Just send them an email saying that you want to change your name, and they will ask you for a bank statement and a photo ID with the desired name on it.
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Old 08-16-2010
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It's not so simple as name change submission request. Yes it might work but Paypal can be really iffy on these kinds of things. They might think your account has been hijacked and then send the summary "We no longer wish to do business with you".

Like Slapped has said, open up a merchant account THEN contact paypal directly and shoot for the name change. Say something like business has changed hands or so - either way I feel that you may need the bogus info so create it...worth a shot.
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