Having 2 paypal acccounts: Personal & Business

29 replies
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.
#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!
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  • 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.
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    • Profile picture of the author webchris
      Originally Posted by PauletteVA View Post

      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.
      Yeah and be carefull about breaking paypal's rules. They can easily lock money in your account for months based on anything. Had it happen numerous times, often for not breaking any rules but just selling too much stuff during the holidays.
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      • Profile picture of the author PauletteVA
        Originally Posted by webchris View Post

        Yeah and be carefull about breaking paypal's rules. They can easily lock money in your account for months based on anything. Had it happen numerous times, often for not breaking any rules but just selling too much stuff during the holidays.
        Exactly, especially since they state that they are allowed to shut down your accounts if they think you have two separate accounts. I'm not trying to have my accounts shut down. I want to get it done the right way.
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        • Profile picture of the author AnniePot
          Hmmmm... well, I've had two separate PayPal accounts for many years, business and personal, and each is attached to a different email account. I've never had any issues to PayPal about this, in fact I remember one occasion when I contacted them to ask if I could transfer money between accounts.
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    • Profile picture of the author robbdogg30
      Originally Posted by PauletteVA View Post

      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.
      That has always been my understanding as well. I wouldn't push it with 2 paypal accounts.
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    • Profile picture of the author marciayudkin
      I have one Paypal account for two different businesses, and two different bank accounts to transfer the earnings into, according which business the revenue corresponds to. Works for me and is easy to keep straight because I only use Paypal as a kind of backup payment system when people prefer not to use the usual other payment route.

      Perhaps it would be possible to do the same for both personal and business expenses.

      Marcia Yudkin
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      • Profile picture of the author aaronchen1
        i researched this and you are allowed to have 2 accounts as long as they lead to different banks.

        so you can 2 email addresses so its set up like 2 separate accounts. but again, 2 bank accounts as well. that works for me.
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  • 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.
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  • 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.
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    • Profile picture of the author hassan001
      Originally Posted by AmandaT View Post

      I would suggest getting in touch with their customer support and having them walk you through it if you are unsure.
      I suggest you to give them a call... Their support is cool and they gonna help you... Because if you do anything against their TOS then in future you might loose your hard cash with sorrows...

      All the best
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  • Profile picture of the author olalinks
    Banned
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    • Profile picture of the author Alexa Smith
      Banned
      Originally Posted by olalinks View Post

      You have no rights to create 2 accounts with the same person
      This is just wrong.

      Originally Posted by olalinks View Post

      one of yours, one of your brother, friends... with 2 email, 2 addresses, 2 name ... That's 2 accounts !
      It also breaches PayPal's terms of service. You can't use someone else's account. Sorry, I'm not trying to be rude, here, but both the claims made in your post are pure misinformation.

      PayPal's difficult enough to deal with, without this sort of thing as an added hazard. People wishing to use PayPal's services should read the TOS carefully for themselves.
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      • Profile picture of the author Joseph G Spiteri
        There are a lot of conflicting views here. I think
        the best thing is to get in touch with PayPal
        and get it strait from the horses mouth. That
        way you know your not going against there TOS.
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      • Profile picture of the author celente
        Originally Posted by Alexa Smith View Post

        This is just wrong.



        It also breaches PayPal's terms of service. You can't use someone else's account. Sorry, I'm not trying to be rude, here, but both the claims made in your post are pure misinformation.

        PayPal's difficult enough to deal with, without this sort of thing as an added hazard. People wishing to use PayPal's services should read the TOS carefully for themselves.
        yes alexa is right. I have seen this being asked a few times in here now. Not good.

        its good to clear this up.

        I am guessing with all this sopa stuff they will get a bit strict with things too. But lets not go there. The WF is crawling with sopa stuff at the moment. :rolleyes:
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  • Profile picture of the author learnrope
    So it is ok, to use a 2nd address, bank account and set up a 2nd personal account?
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  • 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
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    • Profile picture of the author hassan001
      Originally Posted by thetrafficguy View Post

      Set up one as a business. Use whatever your setup is (sole proprieter, LLC, etc).

      Then you have 2 legitimate accounts with no problem
      thetrafficguy is right.... Have one in business name and 2nd in personal name.... and that's it...

      Don't try to use same card and same bank for both accounts.... You need business bank account for business account and credit card in business name or your own name but not the same you are using on personal account and you are ready to go

      Cheers
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  • 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.
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  • 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.
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  • 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.
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  • Profile picture of the author learnrope
    That's a shame, as I want a Euro, USD and Singapore Dollars accounts.
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  • Profile picture of the author Ramzy
    You can add several different email names to the same account for paypal.
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  • 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.
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  • 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...
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  • 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...
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  • 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.
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  • 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...
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  • 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...
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