You can get a PayPal business account and give your customers a safe and convenient method to pay for your products and services. However, what are the Requirements for PayPal Business Account. A business account, just like the name sounds is not designed for everyone but for a particular set of people. These are people who are into business. There is a provision for a personal account where you can send or receive money for personal purposes. Most especially when you want to transfer or receive money from your family and friends.
The business account platform is majorly for business individuals or merchants. However, in this article unveiled will be what you need or requirement to own a business account and also what you stand to benefit from it.
Requirements for PayPal Business Account
To talk about owing a particular account, you need to know what that account is meant for, then check within your self if you really need the account. The major thing you need to become a PayPal business account owner is to be a merchant. The account is set in a way that business owners or merchants will benefit from it.
The following are what you need to create a PayPal business account.
- You must be a business personnel.
- Have an email address.
- Provide your legal first and last name.
- Have a name for your business name.
- You need to provide your business phone number, business address, city/town, and postal code.
Now that you know the Requirements for PayPal Business Account, what about the benefits.
Benefits of a PayPal Business Account
Below are the benefits of a PayPal business account.
- Merchants can easily access the money paid by their customers, not minding the distance.
- It is very easy to use. You don’t need a helping hand when you want to manage your account.
- There are no hidden charges with this account. Thus there is nothing like setup fee, cancellation fee, statement or withdrawal fee.
- It gives your customers a convenient payment method with an outstanding experience. What do I mean by that? customers can pay you without the need for a PayPal account.
- Users can also send and request money from friends and family.
- Ability to make purchases online and in-store.
- There is an active recurring and subscription item tab with this account.
- There is no limit to which you can create an item or product button.
- With “my saved button” feature, Users can be able to save the button code on their account.
- With this account, you can create an email URL text link.
- There are options for creating a task table or shipping method.
- Merchants can monitor inventory or profit and loss using the tracking service.
- Your customers can see your business name and your business email address.
- Merchants can use a business name as the name on their account and also register for PayPal products that meet their business needs.
Listed above are some of the benefits of a PayPal business account.
How to Create a successful PayPal Account for your Business
Follow the steps below accordingly to create a PayPal business account.
- Go to your device browser, then search for www.paypal.com.
- Locate on the page and tap on the “sign up” tab.
- Click on the “create a business account” widget beneath and make sure you choose your region.
- Provide your email address and hit “Next”.
- Enter the desired password for the account and follow the onscreen instructions given to you afterward.
That is how you can with ease create a successful PayPal business account.