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Choosing paypal as buissness account
 

My last account was premier. I never had a problem with it. But i decided to make this account a business. Just wondering what did you guys choose as the next step when selecting business. Corporation? Individual? Company? Does it even matter?

Anyone know if it matters what you choose?

It's not a good idea. they'll ask for 10x information off you like VAT number, invoices, bank statement and loads of other stuff.

If you can meet the criteria (VAT number, Invoices etc) and you are selling 'proper' (ie: not foo-foo or VERO) then it can be a good idea. Particularly Limited Company.

That represents the business model that PP and EB prefer. All of a sudden you are elevated from being a home seller to a legitimate trading entity. The address issue is something you need to look at.

I currently run 2 out of 3 ste alth on this basis but I am selling tangible products and I do offer good service. My DSRs are very high.

It can be a very expensive way of setting up but the longevity is excellent. I would not suggest it for VERO or foo-foo. You really do need to have everything in place before starting it as you will probably need to invest a bit of money and you don't want to waste it because you were unprepared.

Earlier this year I sold one account that I had set up as a complete package, include a website, to someone on one of the other forums and she has taken it from strength to strength and when I goofbayed it just now she is taking over £5k a month off the auction site alone.

You need to do a lot more homework and be very confidant in your ste alth abilities but it can be a good investment:amen: