February 1, 2023
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You may have heard of Paypal and have an account. PayPal is a service that lets you send and receive money securely and pay for things online. This platform enables you to make online purchases from affiliate stores by linking your bank account, credit card or debit card to your PayPal account. As an intermediary, PayPal protects your payment information between the bank and the merchant. PayPal lets you securely send and receive money from friends and family. 

But, did you know that there are two versions of PayPal: PayPal Personal and PayPal Business? Here, we explain to you the difference between a PayPal personal account vs business account

Main Differences Between Paypal Personal and Business?


Paypal Personal is a very commonly used money transaction and payment platform for all things, well, personal. For example, people who shop online, pay online or want to split dinner bills or rental charges, informal vendors or non-professionals who want to pay online and shop online.


As the name suggests, Paypal Business is for Business Paypal business features include limited access to your account for up to 200 employees and the provision of customer service email nicknames for quick follow up on customer issues. These are the main differences between PayPal vs. Personal Business but we will describe them in detail below.

Paypal Personal Account

PayPal is used to make quick and easy payments to most personal friends and family, but it is also possible to sell goods and services through this type of account.

If you want to sell goods from time to time, a personal PayPal account can easily accept payments from potential buyers. For example, a personal account may be appropriate for artists who occasionally sell their work.

In general, their full name will appear when a buyer makes a purchase through a personal account. PayPal personal accounts do not allow you to accept multiple payment methods.

Basically, a PayPal personal account is perfect for vendors who only sell occasionally or informally. To set up a PayPal personal account, you’ll need:

  1. Your first and last name
  2. Address
  3. Phone number
  4. Email address
  5. Debit card or credit card information
  6. Checking account number and routing number 

Paypal Business Account

PayPal business accounts are especially useful for transforming your website into an ecommerce portal that integrates seamlessly with PayPal for payments. You can also set up recurring shipments in the business account, allowing customers to re-order their shipments in one transaction and process individual transactions.

Up to 200 employees can log in to a PayPal business account and access PayPal features such as shipping methods and fee setting, inventory tracking and profit tracking.

The PayPal business account also provides businesses with a set of tools to manage sales growth, including support, label printing and payment tracking. Businesses are allowed to register accounts under their company name instead of their own, making it easier to protect their privacy when they make purchases. 

  • PayPal account owner name and address
  • Account owner’s email address
  • Business name and address
  • Business customer service contact information
  • General business information
  • Bank Name
  • Business or personal bank account number
  • Bank routing number

Pros and Cons of PayPal Personal vs. Business Account

Pros: Paypal Personal Account

  • PayPal Cash Plus, PayPal Cash and linked bank accounts do not charge transfer fees.
  • Sending money is quick and easy.
  • If you occasionally sell through eBay, Etsy or other websites, PayPal Personal is an easy way to make a payment.
  • Your personal Paypal bank account can be linked to your sales money for free. The fee for instant funds transfer is 1 percent (up to 10).

Cons: Paypal Personal Account

  • There is a charge for using credit and debit cards online.
  • There are a limited number of items that you can sell and there are payments that you can accept.

Pros: Paypal Business Account

  • There is no setup fee or monthly maintenance fee.
  • You get privacy if you have the ability to register an account under a company name or business name.
  • If the customer does not have a PayPal account, users can still collect payments via credit card.
  • Up to 200 employees can access your account, depending on the features you choose.
  • Profits can be tracked.
  • Direct customer service representatives are available.
  • Access to business products and tools.

Cons: Paypal Business Account

  • Each time a purchase is made, there is a charge from the merchant.
  • Once a business account is created, it cannot be downgraded.


Paypal is the most popular payment platform available for one purpose. It is easy to use, offers a wide range of services and is widely accepted in stores and by online merchants. Choosing the right account for you will largely depend on what you use your account for, but both personal and business accounts are great.

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