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Business or Personal
 

Hi All
Been looking through the forum for a while now, but this is my first post.
I recently was selling on ebay reasonably successfully with sales hitting approx 800 units per month with £3000 - £4000 turnover pm. Unfortunately an accident resulted in an extended stay in hospital and as a result my accounts fell into arrears in terms of delivering products and as a result accounts are limited.

I am looking to re-establish new accounts and start again. But I require the function of a shop so that i can list items until cancelled.

The majority of items I sell are under £10, and I need to set up paypal as a micro payments account, so will need to phone them to do this.

My question is, is it better to set up as a personal account, or should i set up as a business account.

From memory, if i set up as business - do they ask me to upload photographic and address ID/confirmation.

Any advice would be appreciated.

Re: Business or Personal
 

If you want to open an ebay shop, you'll need a business account.

You'll be asked for documentation at some point whether your Paypal is personal or business.

The "favoured" set up on here for UK accounts is a business ebay linked to a personal Paypal.

Re: Business or Personal
 

Many thanks for the reply.

Yep thats what I thought, but was wondering if paypal would recognise that your ebay account is business whilst only being registered as personal with paypal and would this casue issues?

Re: Business or Personal
 

It doesnt cause any issues having that setup. Its the best way to run accounts imo.

Re: Business or Personal
 

Many Thanks.