Upgrade PayPal to Business Account

By seoerland

Should You Switch to a PayPal Business Account?

1. The difference between a personal account and a business account

Personal accounts are mainly used for individual consumers to pay for shopping and to send and receive payments. They have some basic functions such as accepting PayPal balances and bank card bindings, but they limit support for business needs.

2. Why upgrade a personal account to a business account?

Freelancers or small business owners may initially only need a personal account to manage income. However, as the business grows, especially when you start accepting large client payments or need to handle international transactions, a PayPal Business account can offer more features:

Support multiple payment methods: Business accounts allow customers to pay with credit cards, debit cards, or PayPal balance.

Brand trust: Having a business account makes your business appear more professional and trustworthy.

Better management tools: such as payment tracking, regular subscription functions, etc., to help you manage your business more efficiently.

3.How to transfer a personal account to a business account?

1.In the upper right corner of the PayPal homepage, you will see a gear-shaped “Settings” icon. Click it to enter the settings page.

2.Under the account options, you can see “Upgrade to a Business Account”

3.We will upgrade your account here.

4.Prepare the enterprise information and corresponding phone numbers in advance. Complete the form and slide down to submit and proceed to the next step.

5.According to the needs, you can choose “Individual”, “Business”, or “Non-profit”. Here, we will explain using “Individual” as an example.

6.Here you need to fill in the products or services provided by your company and the approximate sales volume.The rest of the information will be automatically filled in based on what you previously entered.After completing the form, scroll down and click confirm.