Which paypal account to go for?

[philip153]

Do i choose a sole trader or individual paypal account? Which one is best i want to be selling about 30-40 items a month. Thanks

[GTB]

are you selling on ebay or some other platform?

will you be adding a bank account to pay pal?

how expensive are the items per piece?

[philip153]

I will be selling branded clothing on ebay items ranging from £30-£100.

[philip153]

yes i have just added my bank account just need limits raised etc.

[GTB]

ok so 30 items a month at £100 each

that £3000,so you are going to need to unlimit the account

never actually done a business account so cant comment there

but you could manage with a personal aslong as you send in docs etc

sure someone will tell you the pros and cons of business account

[Callidus]

GTB - out of interest to get a quick reply im selling quite a bit over 5 accounts at the moment.. but is premier alright for that or is there red tape or bold writing that says or advises people to have a business account?

Does it reduce the risk of anything have a business account?

[GTB]

not sure bro

[Stigger]

Prem is fine.

personal - for selling you own old things, things you have not intended for resale.

prem - for sole traders, a business but in your own name and liable.

Business - for larger businesses like ltd company - in your chosen name and not liable.

[GTB]

Originally Posted by TizWoz

prem - for sole traders, a business but in your own name and liable.

what does this mean tiz

u need to use your real info for a prem account for one reason or another?

[GrannyT]

No - he means it's a sole traders account eg: Knobby Knobrot T/A widgets for you instead of Widgets for You Ltd.

Never EVER put your genuine info into Paypal

[Stigger]

it was just definitions

As GT says, Don't Do it

[Ebayorbust]

Also, don't use Knobby Knobrot as a stealth name either unless you have the docs to back it up.

[GrannyT]

Yes - that's already one of my stealth names - along with Felicity Drenchgusset

[GTB]

okay

thought that didn't sound right

[vauxalot]

Originally Posted by GrannyT

Yes - that's already one of my stealth names - along with Felicity Drenchgusset

Lol I got one called Mr Jack Meoff