Business Paypal Accounts – PayPal is an internationally recognized payment gateway that has become a favorite of business owners and customers due to its simplicity, speed and security. Once you’ve linked your credit/debit card to your PayPal account, you can pay for goods and services online with any merchant that offers PayPal as a payment method. The business owner gets paid instantly after the payment is made.
If you want to offer PayPal as a payment method for your online store, you must first upgrade your PayPal account to a business account. Having the right type of account is essential because you won’t be able to receive payments for your online store without a PayPal Business account.
Business Paypal Accounts
If you already have a business account with PayPal, you can go directly to the article How to set up PayPal for your online store.
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Once these steps are completed, your PayPal Business account is created. Now you need to confirm your email address by clicking on the link in an email received at the email address you entered for your PayPal registration.
Now you should also finish setting up your PayPal account. To access your PayPal Business account settings, click the following link: https://www.paypal.com/activation/businessSetup#accountPayPal is one of the most widely used digital payment solutions that offers a way to proceed without problems through payment on your site page. Your customers can be sure they are using a safe, trusted and reliable payment option when PayPal is available. It benefits those who are not comfortable using their credit or debit cards online. It also allows purchases worldwide, in over 100 currencies. Even when using another merchant service, it’s a good idea to have PayPal enabled as an additional option for your customers.
Customers do not need an account to complete their PayPal orders. You (as a merchant) can set up in your PayPal account the option for your customers to pay as a guest.
For both payment options, PayPal Express and PayPal Standard, you will need to create a PayPal Business account. Follow the instructions below;
How To Properly Set Up A Business Paypal Account For Your Online Business
1. To get started, go to the PayPal Business signup page here. Select the business account and click Next.
2. You will then be asked if the account you will be using is for a registered business.
4. Once you’re done filling out the information, check the box below the ZIP code field as proof that you’ve read and agree to Paypal’s Electronic Communications Delivery Policy, User Agreement, and Privacy Statement. Then click “I agree” and “Create account”.
5. You must describe your business so Paypal knows the type of business you operate. In the Business Type drop-down menu, you can select either Sole Proprietorship, Partnership, Corporation, Non-Profit Organization or Government Entity.
Paypal Business Account: Everything You Need To Know
6. Once you have selected the type of business, additional fields will appear. Under Product or service keywords, type the keyword that describes the products or services you offer. Then from the results, choose the one that suits you best. What are your monthly sales? is a dropdown menu where you can select your estimated sales per month. If you have a website, enter it in the Website field (optional). The screenshot below is an example of the Individual/Sole Proprietorship option.
Note: If you select Partnership, Corporation, Nonprofit, or Governmental Entity under Business Type, an additional field will appear asking you to provide your IRS Employer Identification Number for tax purposes.
7. Once you’ve filled in the information, check the box under PayPal Business Debit Mastercard, then click Continue.
8. To help secure your account, you must provide the last 4 digits of your Social Security Number (SSN) and your birthday. You also have the option to edit your business address. Once you’re done, click Submit.
Flowlu Help Center — How To Set Up Paypal
9. You will now see the Paypal Business dashboard. However, you still need to verify the email address you use to sign up for Paypal Business.
10. Check your inbox. You should have received an email from Paypal with the title Confirm your email address. Click the Confirm your email button. A new tab will open asking you to enter your password to complete the email verification process.
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Want to sell items online and accept payments through PayPal? One option is to create a PayPal Business account.
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For many years, PayPal was synonymous with eBay, but the two companies have been separate companies since 2015, and eBay is cutting ties (Opens in a new window) with PayPal in the coming years. However, PayPal will remain a payment option on eBay until July 2023. And PayPal can be useful for any merchant with a full online business, eBay or not.
How do you create a PayPal Business account and what benefits does it offer? Let’s go through the steps.
First, let’s assume you don’t have a PayPal account yet. Browse to the PayPal page and click on the “Sign Up” link.
In the window that asks if you want to set up a personal or business account, click on the option for “Business account”. Click Next.
Supercharging Your Paypal Business Account
On the Sign Up for a Business Account to Get Paid page, PayPal offers you three types of business accounts: Payments Pro for $30 per month, Standard Payments for free, and Express Checkout for free. You can see the basic features offered by each account type and click on the “Show additional features” link to take full control. You can always start with one of the free accounts and then upgrade to the Payments Pro option if you need more features. So let’s choose the Standard Payments account. Click on the “Select standard” button.
On the “Tell us about your business” page, enter your name, business name, and contact information. Click Continue.
On the next “Tell us about your business” page, enter various details about your business. Click Continue.
PayPal then asks how you want to start getting paid. The choices vary based on the type of account you have selected. Let’s assume that you have selected the Standard Payments account. If you have or are creating a dedicated e-commerce website, you can choose to accept payments on your website. If you sell items in person, you can choose to accept credit cards with a card reader. If you send invoices, you can select the option for online invoices. And if you want to open an eBay store, you can choose the eBay option. You can select one or all of the options.
Introductory Guide To Paypal Accounts And Services
Let’s say you want to have your own e-commerce site and an eBay store. Click on the options for “On Your Website” and “On eBay”. Click Continue.
Wait though. Before setting up the payment options, we will first set up the current account. Click on the link for “Account Setup”.
Open your email and click on the confirmation link sent by PayPal. Then go back to the account setup page and click on the link to “Link your bank account”. Follow the pages and steps to link your bank account to your PayPal account.
When you’re done, return to the account setup page and click the link to “Make your business name clear to customers.”
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Confirm your business name. Next, if you would like to have a PayPal Debit MasterCard, click on the link to “Get PayPal Business Debit MasterCard” and follow the steps to get the card.
PayPal asks how you want to process card payments on your website. You can choose the first option for PayPal and all major credit cards or the second option for PayPal only. Choose the most suitable option for your business.
PayPal then asks how you want to set up PayPal on your website, offering two options. Option A allows you to work with an e-commerce solution that is already integrated with PayPal. Option B requires you to add HTML buttons to your website. Click on the link to “Compare Options”.
Close the window and then choose the most suitable option for you. Then follow the steps to implement the option you have chosen.
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Once you have set up your website with the PayPal payment method, you can return to your payment setup page (Opens in a new window) to set up your eBay option. Click the link to “Go to eBay Setup”.
On eBay, you can click the “Start Selling” button if you want to test the waters by selling an item.
Alternatively, you can choose this option to create an eBay store by following the steps on this eBay help page (Opens in a new window) .
Once you’ve set up your PayPal account and payment options, you can officially open for business using your new PayPal payment service. To learn more about using PayPal for business and in general, see the PayPal Help Page (Opens in a new window) .
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