Do you use multiple paypal accounts?

39 replies
Hi,

I'm hoping to clarify if most Internet marketers use one or more paypal accounts for the sale of online products?

The reason I ask is because I use one paypal business account at present, it's my main business account which I used for an unrelated business "Consolewerks" So now when I sell a IM product the customer will see "product name xyz" but also a vendor name "Consolewerks".

I'm concerned that this vendor name will put people off the sale as it does not match as it has no relation to the product.

So, should I use a different paypal vendor name / paypal account for each unique product or is there a better way to do this?

Thanks for your time.
Lee
#account #multiple #paypal
  • Profile picture of the author WhamSoft
    Hoping to get an answer on this, your help would really be appericated.
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  • Profile picture of the author Gene Pimentel
    If I'm not mistaken, you're only allowed one PayPal account (or risk being terminated). However, if you set up a LLC or other corporation structure, they are separate identities in their own right so you can have one per LLC.

    If your current business account name is confusing to your customers, you should either explain to them that they will be charged by "companyname". or set up a LLC to establish a new identity. Or as sousen suggested, open a new PayPal account for another family member (using different bank accounts).
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    • Profile picture of the author spearce000
      Originally Posted by Gene Pimentel View Post

      If I'm not mistaken, you're only allowed one PayPal account (or risk being terminated). However, if you set up a LLC or other corporation structure, they are separate identities in their own right so you can have one per LLC.

      If your current business account name is confusing to your customers, you should either explain to them that they will be charged by "companyname". or set up a LLC to establish a new identity. Or as sousen suggested, open a new PayPal account for another family member (using different bank accounts).

      Interesting that you were allowed to do this. I have a PayPal account for business and another personal account. When I set up my limited company (UK version of LLC), PayPal turned us down for an account. They said I would have to shut down my business account first, even though I'm not my limited company . We are separate entities as far as the law is concerned, but PayPal regard us as one and the same. The only way the company could have a PayPal account of its own would be if neither I, nor anybody else at the company with a PayPal account in their own name, had access to it. I didn't want to shut down my PayPal accounts as not everything I do goes through the company, so the only way the company can accept PayPal as a payment method is via a third party like 2checkout.com
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  • Profile picture of the author Mike Shain
    I have a PayPal account and my wife has a PayPal account as well.

    Both accounts have a company name tied to them so we can use either account for any online transactions and the account name will fit.
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  • Profile picture of the author Jon Tees
    I've always just used one paypal account when I use paypal an e-mail address under my own name. It may vary from person to person, but in my business its effective and I've never encountered anyone who found it off putting. I don't really have much use for a pay pal account honestly, as most of my payments are made directly via check and the company I work with handles the processing. I'd use it only in the event I was taking donations for something or selling personal products such as e-books and advertising space in my ezine.
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  • Profile picture of the author TheRichJerksNet
    You are only allowed one personal and one business account per person. This may actually be per household, have not read paypal terms in awhile ..lol

    James
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  • Profile picture of the author dsmpublishing
    Hi guys

    i just have the one paypal account but have lots of different email addresses going through it. Because it was originally my husbands from years and years ago it is in his name. Very rarely does anyone comment about it. Customers talk to me more than him and i dont think most people have noticed.

    if the paypal email addy during purchase was something strange i think people would pick up on that more.

    kind regards


    sam
    X
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    • Profile picture of the author Liam Hamer
      Originally Posted by dsmpublishing View Post

      Hi guys

      i just have the one paypal account but have lots of different email addresses going through it. Because it was originally my husbands from years and years ago it is in his name. Very rarely does anyone comment about it. Customers talk to me more than him and i dont think most people have noticed.

      if the paypal email addy during purchase was something strange i think people would pick up on that more.

      kind regards


      sam
      X
      Same here, except the other way around - ours is in my wife's name because we share a bank account and she got there first
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  • Profile picture of the author JonMills
    Originally Posted by WhamSoft View Post

    Hi,

    I'm hoping to clarify if most Internet marketers use one or more paypal accounts for the sale of online products?

    The reason I ask is because I use one paypal business account at present, it's my main business account which I used for an unrelated business "Consolewerks" So now when I sell a IM product the customer will see "product name xyz" but also a vendor name "Consolewerks".

    I'm concerned that this vendor name will put people off the sale as it does not match as it has no relation to the product.

    So, should I use a different paypal vendor name / paypal account for each unique product or is there a better way to do this?

    Thanks for your time.
    Lee
    Yes use a different paypal account
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  • Profile picture of the author jam52633
    Yeah use a different family members name
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    • Profile picture of the author Dan C. Rinnert
      TheRichJerksNet is right. You can have one personal account and one premiere or business account.

      If your separate businesses are each incorporated, you can have separate business accounts for each of them, as each would be a separate legal entity.

      But, if you're just an individual running multiple businesses as a sole proprietorship, you can only have one business account. If possible, you might consider changing the name to the "Your Last Name Group" or something similar to serve as an "umbrella" company. Then you can just say on your website that "ABC IM Products" is a part of the "Smith Group" or whatever.
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  • Profile picture of the author Thomas
    Originally Posted by WhamSoft View Post

    ... is there a better way to do this?
    Try a custom order page:

    https://www.paypal.com/cgi-bin/websc...ummary-outside

    Regards,
    Tommy.
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  • Profile picture of the author Toni Hoffmann
    yes unfortunately you'll need to use your own...

    though you could ask a family member... (a close one only )
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  • Profile picture of the author WhamSoft
    Thanks for all the help and advice.
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  • Profile picture of the author Silas Hart
    I have Two PayPal accounts per business venture. One as the primary, one as the backup in case I run into "technical issues." Each one is split up, and have no signs of being connected.
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  • Profile picture of the author Chrissy Allen
    Hey

    You can add email addys to your paypal account, im not sure how many but i have 3 for the same reason, the name doesnt tie in with the product.

    You just need to create an email addy that suits the product and then add it in your paypal options, then add it to your buttons on your webpages or whatever.

    Chunkynuts
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    Chris Allen

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    • Profile picture of the author mickeyy
      They allow more than one account, but not the same bank or credit card can be used so this allows them to grab money from each of your accounts at anytime and that includes fraudulent chargeback attempts, so Paypal is not merchant friendly, and I have dumped them. :thumbdown:
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  • Profile picture of the author fiero
    Originally Posted by honestbizpro View Post

    Just be careful

    Paypal has been known to cause a few horror stories when they see activity between accounts when you own both. They can be fickle sometimes.
    From a buyer's standpoint, I will only buy if there's a paypal alternative. I will not enter my cc info into any form.
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  • Profile picture of the author abigailmarketing
    Originally Posted by WhamSoft View Post

    Hi,

    I'm hoping to clarify if most Internet marketers use one or more paypal accounts for the sale of online products?

    The reason I ask is because I use one paypal business account at present, it's my main business account which I used for an unrelated business "Consolewerks" So now when I sell a IM product the customer will see "product name xyz" but also a vendor name "Consolewerks".

    I'm concerned that this vendor name will put people off the sale as it does not match as it has no relation to the product.

    So, should I use a different paypal vendor name / paypal account for each unique product or is there a better way to do this?

    Thanks for your time.
    Lee


    Sorry but I believe you can only have one paypal account registered.
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  • Profile picture of the author David_Thompson
    If I'm not mistaken you can have several account but they will have to be under different business names and have different CC attach to them.

    But the you'll need to check with paypal customer service..

    --David
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  • Profile picture of the author Claire Sharp
    As far as i knew, paypal allows only one account per person. But you can have multiple account if you used different name and email addresses.
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  • Profile picture of the author matt5409
    no, instead i use different email addresses associated with the account. what's the point in completely separate accounts?
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  • Profile picture of the author gameutopia
    I think you are allowed to have a priemer or business account as well as a personal account. Basically 2 accounts. I am sure people some how make more than that with different emails and bank accounts, but I don't see the point or why someone would want to deal with and manage multiple paypal accounts for the heck of it.
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  • Profile picture of the author pacelattin
    If you have different businesses, as other people pointed out, would be a smart idea to have multiple accounts. If not mainly for accounting reasons, but legal reasons to, no?
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  • Profile picture of the author ainmohd
    I have a fairly large eBiz site (pls see my sign). I have a PayPal business and I'm also using my wife's and daughter's PayPal buisness accounts.
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  • Profile picture of the author mattflynn
    I emailed PP when I first opened mine and they said you can have one personal account and as many business accounts as you have separate businesses. The problem would be if you try to open multiple personal accounts. I think they flag that automatically.
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  • Profile picture of the author JerrickYeoh
    Impossible for someone to have two paypal account. Paypal do not allow two paypal account to one individual.
    Why not you send to the paypal vendor to cancel the previous name and change the name rather than think of have two paypal account.
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  • Profile picture of the author Darla Christensen
    Banned
    [DELETED]
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  • Profile picture of the author Peru101
    I think it would be less of a headache and less confusing to have just one Paypal account. Though I don't like the idea of using a business email as the primary, even if you can forward it. I'm a big, "Keep it in one place" person, but the IM business doesn't work that way, does it? Diversify income streams, diversify link structure, diversify business models . . . Right?
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  • Profile picture of the author Newbieee
    Alright, finally i get to help someone. haha

    I went through a fair bit to get knowledge of this myself.
    So here it is.

    You can only have 2 accounts in total attached to YOUR NAME. [not business name]

    1 personal and 1 business. [i forgot where the premier fits into this]

    Now you can have many email address link to 1 paypal account.
    Like if your business is ABC then open an email account that is something to do with ABC, for example XXX@abc.com or abc@gmail.com.

    So when they pay they see the email and it makes sense, but when they see the paypal owner, its just the company name that owns the business.

    So for example they pay you, they see the email as abc business email but when they go further to check the paypal owner its the company name like "wayne enterprice" or "wayne llc" or "wayne inc" something like that.

    So Wayne enterprice for example, owns ABC business. So you can start another business in future XYZ and still collect payment via Wayne enterprice.

    thus you cannot have multiple business accounts just by opening different business entities because you still have to link those business names to an owners name.
    So im sorry to say that those who said open new business entities are wrong.
    No matter how many you open it still links back to the same name which is you, unless u name it under a partner or other family member.

    Hope it helps.
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  • Profile picture of the author pennynickels
    Business and personal works for me...

    I don't like to commingle...
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  • Profile picture of the author zamzung
    I'm using only one simply because I would get lost with more than one PP accounts...
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