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-   -   paypal is doing deposits in my business name (https://www.aspkin.com/forums/uk-ebay-paypal/97918-paypal-doing-deposits-my-business-name.html)

lauriat 07-14-2016 02:35 AM

paypal is doing deposits in my business name
 
Hi, i have set up paypal business account and attached personal bank account.

Paypal is sending withdrawals to my bank account in my business name rather than my real name.

I want customers to see only my business name, but withdrawals have to go in personal name, otherwise i can get in trouble with bank i guess.

elmo 07-14-2016 02:38 AM

Re: paypal is doing deposits in my business name
 
You can give your bank a heads up to let them know the business name that will be making the deposits. Or change the business name to a variation of the personal name

Play 07-14-2016 09:26 AM

Re: paypal is doing deposits in my business name
 
You could keep it extra simple and just open a business bank account, so accepting payments in that name won't have any issues.

Some banks can get funny with large sums of money coming into a personal account, even with the right name.

e2free 07-14-2016 03:42 PM

Re: paypal is doing deposits in my business name
 
Ring paypal and ask them to chnage the name on withdrawal they will do this over the phone
Then when you trabsfer the money u will see your name will come up

GreenBean 07-14-2016 06:32 PM

Re: paypal is doing deposits in my business name
 
Quote:

Originally Posted by lauriat (Post 786007)
Hi, i have set up paypal business account and attached personal bank account.

Paypal is sending withdrawals to my bank account in my business name rather than my real name.

I want customers to see only my business name, but withdrawals have to go in personal name, otherwise i can get in trouble with bank i guess.

Why would you get in trouble?

Let the bank know deposits come in a business name.

Now, the only chance of an issue might be if the bank account is a personal one.
What type of account do you have?
:typing:


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