Using PayPal

Shop Talk
1

Hi again,

I just have a normal PayPal account that I use to make purchases myself which is linked to my current account - is this OK to use or do I have to upgrade to a PayPal business account? Thank you, Noelle

2

I only have a personal account too and it’s fine.

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3

You need to upgrade - at least that’s what it says here
https://folksy.uservoice.com/knowledgebase/articles/58080-do-i-need-to-use-paypal-to-sell-on-folksy-
Also check that your bank is ok with using a personal current account for business - many aren’t. But there are plenty of free or low cost business accounts on offer :slight_smile:

4

Oh that’s great, thank you :slightly_smiling_face:

5

Thank you :slightly_smiling_face:

6

I use my personal account, i enquired a couple of yesrs ago and paypal told me i only need a business account if I expect to sell X amount, cant’ remember what amount X was but i remember laughing and saying i wouldn’t ever need it. However if i do a transaction direct with a customer they charge me, even when i have tried doing is as ’ friends and family’, they are actually treating it as a business account but I don’t have a separate one for Folksy.

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7

I have 2 PayPal accounts, 1 for business and 1 personal. I just thought it would be easier should the inland revenue ever want to check my accounts. I just wish we could pay for the plus account through PayPal so I can keep everything together.

8

I use personal paypal.

9

Thank you :slightly_smiling_face:

1 Like
10

Personal one for me too.

11

Thank you :slightly_smiling_face:

12

I used to have a PayPal business account, which I was going to change for my new venture, but PayPal is being tricky about changing details. However, I’ve discovered you can now link a seller profile or business to your personal PayPal and set up a Seller Profile on your personal PayPal account. It will give you a business specific PayPal.me link and looks separate from your personal account.
You can even create invoices with your business logo and details on it, even your business email address, so you can keep your personal details safe.

PayPal: What is a seller profile and how do I sign up?

Having said that, if you are setting up a business where you may have your own website or eCommerce site, maybe sell at markets, fairs and expos and need a card terminal (PayPal does iZettle), interface invoicing with shipping, etc, then you’ll definitely need a PayPal Business Account.

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