Discussion Forum: Thread 316534

 Author: TheRoomOfBricks View Messages Posted By TheRoomOfBricks
 Posted: Jan 31, 2022 10:52
 Subject: What paypal account do I need
 Viewed: 94 times
 Topic: Selling
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TheRoomOfBricks (127)

Location:  United Kingdom, England
Member Since Contact Type Status
Dec 21, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: The Room Of Bricks
Hi
I am new to selling on bricklink and I have started to set up my store.

When I come to adding my PayPal dose my account need to be a personal paypal
or a business paypal account?

I don't what to get this wrong but at them moment I only have a personal
account with paypal. Do need to set up a business one?

Thanks for your help

Carl.
 Author: peregrinator View Messages Posted By peregrinator
 Posted: Jan 31, 2022 10:56
 Subject: Re: What paypal account do I need
 Viewed: 37 times
 Topic: Selling
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peregrinator (777)

Location:  USA, New Jersey
Member Since Contact Type Status
Jan 21, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Faber Family Bricks
In Selling, TheRoomOfBricks writes:
  Hi
I am new to selling on bricklink and I have started to set up my store.

When I come to adding my PayPal dose my account need to be a personal paypal
or a business paypal account?

I don't what to get this wrong but at them moment I only have a personal
account with paypal. Do need to set up a business one?

Thanks for your help

Carl.

I don't think so, I think your personal account will work fine.
 Author: Gaston.La.Brick View Messages Posted By Gaston.La.Brick
 Posted: Jan 31, 2022 10:58
 Subject: Re: What paypal account do I need
 Viewed: 46 times
 Topic: Selling
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Gaston.La.Brick (1841)

Location:  Belgium
Member Since Contact Type Status
Nov 12, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Rolling Bricks
  I don't what to get this wrong but at them moment I only have a personal
account with paypal. Do need to set up a business one?

I don't think there is a huge benefit in fees or insurance. To my knowledge,
both have the same fees and both offer the same buyer protection.
What I do find a benefit in business account: you get a much better overview
of your income and amount of (PayPal) fees. This is useful for doing your bookkeeping.
That's the main reason I switched from personal to business.
 Author: mattkaupke View Messages Posted By mattkaupke
 Posted: Jan 31, 2022 15:37
 Subject: Re: What paypal account do I need
 Viewed: 35 times
 Topic: Selling
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mattkaupke (4530)

Location:  USA, Arizona
Member Since Contact Type Status
Dec 15, 2014 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: mattkaupke
In Selling, TheRoomOfBricks writes:
  Hi
I am new to selling on bricklink and I have started to set up my store.

When I come to adding my PayPal dose my account need to be a personal paypal
or a business paypal account?

I don't what to get this wrong but at them moment I only have a personal
account with paypal. Do need to set up a business one?

Thanks for your help

Carl.

Get a business account then call Paypal and ask them to turn it into a "dynamic
micropayments account". This will save on fees for low value transactions.

There is no fee etc on a business account. It's just a category for them
and the format layout and features is more professional / less casual.