How do I know what type of PayPal account I have? If there isn't an option to upgrade your account on the left-hand side near the bottom of your interface, you currently have a Business account. If there is an option to upgrade to PayPal Business, you have a Personal account.
We offer two types of accounts to meet all of your needs, Personal or Business accounts. If you just need to make purchases and send money to family and friends, a Personal account is probably for you. We recommend Business accounts for online merchants who operate under a company or group name.
PayPal calls these Personal and Business accounts. Personal PayPal accounts are best for those who like to shop or get paid online or to split bills between more people. Business accounts are ideal for merchants or businesses and offers additional features for them.
It's free to sign up for an account. PayPal merchant account fees only apply to transactions—which means you only start paying when you start selling. There are no set-up costs, monthly fees, or cancellations fees.
You can have more than one PayPal account if it'll be one Personal account and one Business account. However, each account must have a separate email address and financial information. You can also upgrade your Personal account to a Business account.
To upgrade your current PayPal Personal Account to a Business or Premier Account: Go to https://www.paypal.com/UPGRADE and log in to your PayPal account. Select the Upgrade Now button at the bottom of the page. The next page will allow you to choose a personal Premier Account or a Business Account.
Any advice or assistance would be greatly appreciated. There is no automatic way to downgrade a business account to a personal account, you have to contact customer services and they will do that for you.
To view or update your personal information, such as phone number, email address, street address, or language setting, please go to Settings and edit your information.
Go to your account drop-down and click Settings. Select the Account Settings tab. Go to the Payment Method panel at the bottom of the Settings page and click Change Payment Method. Click + Add a debit or credit card to add a new card.
You can change your funding source/payment by clicking Change next to “Paying for an item or service." or “Sending to a friend”.Click Continue.Review your payment and click Send Money.
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