July 07th, 2024

What is PayPal individual and paypal business account

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Akshat Gupta
3 years ago Selected
When you go to create an account in PayPal, you will be asked what type of account do you want to create?

There are two types of accounts in Paypal, Individual and Business, from which one has to choose. Let us know what is the difference between these two:

Individual Account: With this type of account you can only send money. With this you cannot receive payment.

Business Account: If you want to receive money then you should create a business account. With this you can both send and receive payment.

If you do freelancing, earn money online or do any business then you should create a business account.

You do not have to pay any extra charge to create a business account. Therefore, our advice is that whenever you create an account, select the option of Business account. With this you can send money as well as receive money from anyone. The information about how to create a business account in Paypal is given below.
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