What is a PayPal business account?
PayPal is one of the most popular online payment service providers (PSPs) in the world. PayPal for Business Accounts allows startups as well as established businesses to accept and process credit card payments, bank card payments, and more in more than 25 currencies and in more than 200 countries.
Like its Square and Stripe competitors, PayPal captures and operates a small percentage of transactions made using the platform.
It is also very easy for customers to check and make purchases with their PayPal business account. They don’t need to have a PayPal account on their own (you can make purchases as a guest) and can choose either online or direct payment methods.
- Credit card
- debit card
- PayPal Credit
PayPal for business account Features
- There is no monthly maintenance fee
One of the great things about PayPal business accounts is that regular accounts do not have a monthly maintenance payment. This means that there are no registration and access costs for all merchant services provided.
- Instant lightning setup
It takes approximately 15 minutes to activate your PayPal business account. The registration process is completely digital, so you can follow the steps online quickly and easily anytime, anywhere. You won’t find any end to the frustrating call made especially bad music without waiting in line at the bank.
- Low entry barriers
Unlike old-school merchant account providers, which come with complex qualifications and multiple papers, a PayPal business account requires only basic contact information and general information about your company. Anyone can sign up and no credit check is required. All you have to do is link your bank account to get the money from your transaction.
- Pay online or in-person, the US and other countries
Another great benefit is that your PayPal business account is flexible when it comes to accepting payments. Customers can pay with major bank cards, as well as PayPal, Venmo, and PayPal credit (no PayPal account required). Also, people can shop online, in person, or by invoice. Finally, PayPal allows you to do business across borders and across language barriers. Accessible in 25 currencies and 200 countries.
- Easy Ecommerce integration
Your PayPal account is synchronized with hundreds of solutions and shopping carts. Many large providers and many smaller players have an easy option to select PayPal integration in their admin console and enter their login details and relevant credentials. It’s very simple.
- Receive Refunds With Your PayPal Business Account Payment Card
Fighting for the last bank card that doesn’t motivate you to spend your hard-earned money? You will then find out about PayPal Business Debit Mastercard, which comes out free with your account (just ask for a card) and gives you a 1% refund on the right purchase.
- Use discounts for nonprofits and donors
PayPal Business Accounts offer special and low transaction rates for 501 (c) (3) registered organizations. The organization also has an out-of-the-box donation button that anyone who collects money can add to their website quickly and easily after they have created a PayPal business account.
PayPal for business account FAQs
Are PayPal Business Accounts Free?
There is no fee to set up a PayPal business account, but there are fees associated with many aspects of a business account.
How much does it cost to create a PayPal business account?
$30 per month plus standard transaction fees. A PayPal account for business accounts is only used to sell products or services and accept payments online or in stores.
Can I use my PayPal business account?
You start with a personal account, but you can upgrade to a Prime or Business account. PayPal offers two types of accounts. PayPal for Personal (Personal and Premier) and PayPal for Business (Business). … shop on eBay and merchant websites using your credit card, bank card, or bank account.
What is the difference between a PayPal business and yours?
If you have a personal PayPal account, your customers must also have a PayPal account to pay. If you have a PayPal business account, you can accept credit card payments if your customers don’t have a PayPal account.