Is it safe to receive via personal payments when selling services?

14 replies
Hey guys, Im not sure if its real that can receiving to many personal payments can limit your paypal? I mostly do graphic design services and receiving it as a personal payments. Should I stop it? Or anyone know how to correctly setup account for that? Thanks!!
#payments #personal #receive #safe #selling #services
  • Profile picture of the author Kay King
    Yes, it's "real" - if you are taking payment for work through paypal, upgrade to a business acct. Full instructions on paypal site.
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    • Profile picture of the author agmccall
      Originally Posted by Kay King View Post

      Yes, it's "real" - if you are taking payment for work through paypal, upgrade to a business acct. Full instructions on paypal site.
      For the life of me I can not understand why we have posts like this on a regular basis. People run a business but for some reason simply will not take 5 minutes to upgrade their paypal account to business. It is absolutely ridiculous.

      al
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      • Profile picture of the author Splatterfox
        Originally Posted by agmccall View Post

        For the life of me I can not understand why we have posts like this on a regular basis. People run a business but for some reason simply will not take 5 minutes to upgrade their paypal account to business. It is absolutely ridiculous.

        al
        And somehow everyone thinks its not neccessary to register a business or pay taxes if you are doing business online. I don't know why many people think common rules and laws don't apply if you do business online.
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    • Profile picture of the author lpfacun
      How do I actually setup invoice for digital services not physical goods because the settings ask costumer shipping address.
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      • Profile picture of the author Brent Stangel
        Originally Posted by lpfacun View Post

        How do I actually setup invoice for digital services not physical goods because the settings ask costumer shipping address.
        Not in my account:

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  • Profile picture of the author vishwa
    You better upgrade your account to Business. It will give you ease of doing business online and fees are also low for business accounts.
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  • Profile picture of the author rudi
    Something to note. Paypal UK (i cannot say for US) is classed as a bank. If you setup your paypal as business they will report your earnings to HMRC. I learnt the hard way a few years back. But setting yourself up as a business is well worth while, you are actually better off personally if you do so!
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  • Profile picture of the author Tesslady
    Maybe you can use personal accounts, but not limited to PayPal. You can use Payza or/and Payoneer.
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  • Profile picture of the author Kay King
    If you setup your paypal as business they will report your earnings to HMRC.
    What's wrong with that? "Income" is taxes - and reported. Not a problem if you are running a legal business.

    you mean "friend/family" option to avoid fees?
    No - we mean a business acct.

    You can use Payza or/and Payoneer.
    To many sellers - a site that doesn't use Paypal indicates a site in a distant country - or a seller with financial problems. If Payza/Payoneer is my only option - I won't buy from the site/seller. It does limits your options.

    The answer to the OP's question is:

    Yes, if you are taking payment through a personal acct, Paypal may limit your acct. It is very easy to upgrade to a business acct and that's what you should do.

    The OP asked a reasonable question - one that new marketers should ask before they start selling.
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  • Profile picture of the author risgirly
    I have been using paypal for years but still haven't upgraded to business.
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    • Profile picture of the author agmccall
      Originally Posted by risgirly View Post

      I have been using paypal for years but still haven't upgraded to business.
      And the question is...Why Not?

      A. It cost nothing

      B. It takes less than 5 minutes

      It makes absolutely no sense for anyone not to upgrade.

      al
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    • Profile picture of the author Sid Hale
      Originally Posted by risgirly View Post

      I have been using paypal for years but still haven't upgraded to business.
      ...but will be the first to kick and scream when Paypal puts a hold on your account once they figure out that you have been processing commercial sales through that account.
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  • Profile picture of the author Kay King
    I have been using paypal for years but still haven't upgraded to business.
    Maybe you haven't made enough money yet to get Paypal's attention. After reading your post today in a WSO thread - that would be my guess.
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