Using a PayPal business account, you can take payments for goods and services without having to pay for a pricey merchant account. You can also accept payments using credit and debit cards, online checks, and direct payments from consumers' own PayPal accounts.
Your funds are readily available via a business bank MasterCard or a transfer to your primary work or personal bank account, and your PayPal business account comes with features to assist you to set up digital payment buttons or overflowing electronic shopping carts.
How To Set Up Your PayPal Business Account
Are you looking for instructions on how to put it together? How to create a PayPal business account?
- At the upper right of the PayPal page, click the Register button. If you already log in to your personal PayPal account, PayPal will either log you out and create a new business account with a different email address, or it will destroy your current PayPal account and create a new business account. Inquire about it. An email address associated with your prior PayPal account. I believe the majority of you will choose the first choice.
- After that, you'll be prompted to provide information about your business. Fill in the official name of your company contact, as well as your firm name, phone number, and address. Then you'll be asked to describe the type of company you work for. There are three options: individual/single, partnership, and corporation.
- Then you'll be prompted to give a more detailed description of your business. You'll be prompted to choose the product or term that best characterizes your company, as well as your monthly sales projections and website URL (which is optional). After you've used the service, you can be given the option of getting a PayPal Business Debit Mastercard. A payment of $ 250 is required.
- You will also be prompted to input your employer identification number if your industry is not an individual / sole proprietorship (EIN). After that, you'll be requested to provide further personal information (last 4 digits of SSN, date of birth, home address.
- You will be asked if you want to receive or send a transaction or an invoice at this time (this will start with setting up PayPal Invoicing, a free service that allows you to create and send custom invoices). After that, you'll be asked to choose another PayPal provider to utilize.
- You can choose the online payment bundle you want to sell. You'll be offered the option to set up a PayPal Zettle account if you're wanting to sell offline. Additionally, you will be offered the option to link to an online marketplace if you wish to sell your things there. By hovering over the Other choice on the PayPal toolbar at the top of the front page and selecting Business Settings Settings, you can always return to the above sign-in choices.
- Choose what to process all payments through PayPal or to add PayPal as an additional form of payment by clicking Set Online Payments.
- Then, based on which choice you select, decide how to sell online.
- For seeing two additional options, select Process all payments using PayPal. Option A allows you to use a pre-integrated e-commerce system with PayPal. Option B allows you to customize your website using your own HTML buttons.
- A Compare Selections link is located below both options. To see the comparison given in the first "Compare Options" screenshot below, simply click on it. The following two options are different if you choose Add PayPal checkout as an additional payment method.
- Next to the Payment Settings tab is the Account Settings tab. To finish the account setup, click it.
- Check your email, link your immediate bank transfer debit card to your bank if necessary, link your bank account, clarify your business name to your clients, and acquire PayPal if necessary Masu-Business Debit Mastercard from there.
- You will need to choose one of three payment packages to take online payments, regarding the payment option you selected earlier. This was covered in the section on PayPal Business Account Types earlier. Keep this in mind if you want to use many of the capabilities offered by your software.
- You'll need to have a programmer to assist you with your task if you have a PayPal business account.
If you want to use your PayPal business account, you'll need to open a PayPal business account. But how does PayPal stack up against other payment processing options?
Despite its flaws, PayPal remains a viable alternative for merchants. PayPal is a great entry-level solution for small businesses because of its easy, clear pricing and comprehensive e-commerce connectivity. It also grows with them as they develop.
Furthermore, internet vendors can always use PayPal as a secondary payment option. This is not the case with the majority of PayPal's rivals.