Having 2 paypal acccounts: Personal & Business

by 29 comments
Hi I'm new here.

Last month I read in paypal's faq's that one person can have 2 accounts, one personal and one business. I have a premier account and also want to open up a personal account since I just launched my own business and want to keep my money separate.

Does anyone know how to get this done? I swear I've looked all around paypal's site and I can't figure out how to add a personal account. Do I have to call them to set this up or can I simply get this done online? I'm hoping someone else has experience doing this to point me in the right direction. Thanks.
#main internet marketing discussion forum #acccounts #business #paypal #personal
  • Profile picture of the author nickhumph
    You simply create a new paypal account and set your account type to 'personal' - as for the account you currently have, change it to a business account.

    That's all there is to it!
  • Profile picture of the author PauletteVA
    You're not allowed to have 2 paypal accounts with two separate emails. That's against paypal's rules. It has to be 2 accounts on the same email account.
  • Profile picture of the author TopKat22
    I and many friends of mine have several paypal accounts. One each personal and one each for each separate business entity.

    As with any business, we have separate urls, corp. structures, email addresses, bank accounts and physical addresses.

    You cannot have more than one personal and one business account with anything the same like email, physical address or bank acct. etc.

    To set up the two accounts, go into paypal and create an account and mark it as personal.

    Then once that is done. Go into paypal again and create an account again and mark it as business and go through all the verifications steps. It is really that easy.
  • Profile picture of the author AmandaT
    I would suggest getting in touch with their customer support and having them walk you through it if you are unsure.
  • Profile picture of the author olalinks
    [DELETED]
  • Profile picture of the author learnrope
    So it is ok, to use a 2nd address, bank account and set up a 2nd personal account?
  • Profile picture of the author thetrafficguy
    Set up one as a business. Use whatever your setup is (sole proprieter, LLC, etc).

    Then you have 2 legitimate accounts with no problem
  • Profile picture of the author eniggma
    Does PAYPAL put a hold on your funds once you hit a certain threshold? I am hoping that there isn't some long drawn out process once you hit $1k as an example and it holds up your profit for 2 weeks like they do when you deal with EBay.
  • Profile picture of the author thetrafficguy
    Paypal CAN put a hold on your funds if it deems so.

    If you make or transfer a lot of money or anything they find suspicious then they can place a hold on it for a couple days or awhile.

    Its pretty common.

    But once you have a good amount of reputation your chances of it happening go way down.
  • Profile picture of the author leeluther252
    You can have personal and a buisiness account with different emails.

    You can also add multiple emails to the same account. Meaning you can have people pay you at xxxxx@blabla .com and xxx22@blala .com and the money will actually go into the same account.

    I use both of these and paypal states this on their site that both are ok to do. As stated before you cant however use multiple names.
  • Profile picture of the author learnrope
    That's a shame, as I want a Euro, USD and Singapore Dollars accounts.
  • Profile picture of the author Ramzy
    You can add several different email names to the same account for paypal.
  • Profile picture of the author StevenJones
    If you are in doubt why not contact PayPal support and ask them to guide you through? They are the ones that can provide you the best answer.
  • Profile picture of the author Daret
    Buddy,

    You can call up paypal customer care in US via skype for FREE by dialing their number +18882211161 and check it out for yourself by talking to their customer care representative.

    I hope that would help...
  • Profile picture of the author Daret
    Buddy,

    You can call up paypal customer care in US via skype for FREE by dialing their number +18882211161 and check it out for yourself by talking to their customer care representative.

    I hope that would help...
  • Profile picture of the author Yudhistira Mauris
    I have a premier account and can't upgrade it to business account. Make sure you choose the right account type. Contact their support first is the best choice.
  • Profile picture of the author J Bold
    I distinctly remember reading in Paypal's TOS that it's ok to have one personal account and one premier/business account. So that should be fine but no more than that.

    But check for yourself...
  • Profile picture of the author ibacklinkpro
    In legal terms you are one entity and a legally registered business is a separate entity and each one can have 2 or more different PayPal accounts with different names, emails, addresses, etc but in both PayPal accounts the money would go to you...

Next Topics on Trending Feed