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Setting Up Payment System

by StephenGB
10 replies
I am new to this online business and quickly realising that nothing is straightforward.

I live in UK and looking to open a PayPal account to accept payments if I can ever make a go of this.

As yet I don't have a business registered. Can anyone advise if this is needed to open a UK Business PayPal account. The personal PayPal account is no good as that can't accept payments.


Thanks
#payment #setting #system
  • Profile picture of the author RevConnect
    You can sell online using PayPal with any account type.

    The only difference between personal and business acount is that with a personal account you can sell things under your name, while with a business account you can sell under your Business name.
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    • Profile picture of the author StephenGB
      On the UK site it only refers to shopping on the personal account. Are you UK based.
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      • Profile picture of the author RevConnect
        Originally Posted by StephenGB View Post

        On the UK site it only refers to shopping on the personal account. Are you UK based.
        I am near UK, and used UK version of paypal for a long time. You can sell even with a Personal account.
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  • Profile picture of the author shmeeko69
    Originally Posted by StephenGB View Post

    I am new to this online business and quickly realising that nothing is straightforward.

    I live in UK and looking to open a PayPal account to accept payments if I can ever make a go of this.

    As yet I don't have a business registered. Can anyone advise if this is needed to open a UK Business PayPal account. The personal PayPal account is no good as that can't accept payments.


    Thanks
    If you go down the paypal route then, get yourself a free Premier account. This enables you to accept multiple debit/credit cards and also removes the unwanted withdrawal limits you have with a standard personal account.
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    • Profile picture of the author StephenGB
      Originally Posted by shmeeko69 View Post

      If you go down the paypal route then, get yourself a free Premier account. This enables you to accept multiple debit/credit cards and also removes the unwanted withdrawal limits you have with a standard personal account.
      Thanks, sheeko69. The premier account isn't apparent on the UK website, but it is there if you approach the site from other search angles rather than the front door. I probably need to phone them tomorrow to discuss.

      There personal account info is all about shopping and some ebay payments as far as i can see.

      I don't think the paypal uk site is so informative of the account options.
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      • Profile picture of the author RevConnect
        Originally Posted by StephenGB View Post

        Thanks, sheeko69. The premier account isn't apparent on the UK website, but it is there if you approach the site from other search angles rather than the front door. I probably need to phone them tomorrow to discuss.

        There personal account info is all about shopping and some ebay payments as far as i can see.

        I don't think the paypal uk site is so informative of the account options.
        Just sign-up for any type of account you want. You will be able to sell. Just go for it.
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        • Profile picture of the author Sid Hale
          Yes, you can

          BUT...

          Originally Posted by RevConnect View Post

          Just sign-up for any type of account you want. You will be able to sell. Just go for it.
          A personal account is not verified, so there are certain limits that might make a personal account too restrictive for your needs.

          Just as an example, personal accounts are more apt to be frozen because of bumping up against those limits. Avoid that possibility now, by taking the extra 10 minutes needed to upgrade (at no charge) to either a Premier or Business account.
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  • Profile picture of the author selfdisciplineacademy
    You can sell with PayPal on any account.

    The personal account should be fine if your just starting out
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  • Profile picture of the author Ilenia Internet Marketer
    Hello Stevphen

    You can use any type of account, even if it is private it is fine.
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  • Profile picture of the author coensio
    Hi StephenGB,

    If you are selling your own products , PayPal will not solve your problems. You will still have some "small" legal issues. Read this: VAT MOSS.
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