![]() However, you will be limited in terms of what you can do with the money received - for example, you can't use it to send money to friends and family members or make online purchases.įurthermore, there are no transaction fees for receiving payments from other PayPal users in most countries. This account allows you to accept payments from customers as a business and gives you certain tax benefits. For businesses, a PayPal Business account is a good choice if you want people to trust that you are a legitimate business. When it comes to e-payments, such as buying products online, PayPal is one of the most popular options. Modular: Statrys accounts can be upgraded with more features like additional FX accounts, a dedicated account manager, and many more.Currency-exchange friendly: Guaranteed cheap exchange rates. ![]() 100% virtual: Access anywhere, anytime.Multi-currency: Hold 11 major currencies in one account.With Statrys Business Accounts, you get the benefit of banking with the world's foremost financial hub, without ever needing to leave your desk.Ī basic account at Statrys has some great benefits such as: Statrys business account is a Hong Kong-based business account, accessible from anywhere in the world remotely, and completely online. If all need some extra cash here and there but don't care about accepting payments from customers or organizations, then this might be the right choice for them! PayPal Business vs Personal Feesĭo you need something that's a little more built for businesses? Overall, whether or not PayPal's Personal Account is right for you depends on how much freedom you want when it comes to using your money. The cons include having less control over your funds than what you would have with a business account, as well as not being able to accept payments from customers like you could with an official registered business account. You also get the flexibility of receiving money from other people (or businesses). The main pro is that you can send money to friends and family members with ease. PayPal Personal Account's pros and cons are similar to those of a business account. PayPal Personal Pros & Consīelow we will discuss the pros and cons of the PayPal personal account. Therefore, a PayPal Personal Account is best suited for individuals who want to process personal payments quickly and easily. It offers features like receiving payments from friends and family, purchasing goods, withdrawing funds to your bank account, and transferring money between accounts. This type of account does not offer the same features as a PayPal Business Account, such as the ability to create invoices or receive payments from customers online. PayPal Personal AccountsĪ PayPal Personal Account is great for personal payments and individuals who want to send and receive money online. ![]() □ Tip: If you want more flexibility in how you use your money, then opting for a personal account would be a better option. If you're looking to accept payments from customers and don't need the extra features that come with a personal account, then a PayPal Business Account might be the right choice for you. Overall, whether or not a PayPal Business Account is right for you depends on what your business needs are. You also can't use it to make online purchases like you can with a personal account. The disadvantage of having a PayPal Business Account is the fact that you're limited in terms of what you can do with the money you receive.įor example, you can't use it to send money to friends and family members like you can with a PayPal Personal Account. However, there is usually a fee for receiving payments from people who don't have PayPal accounts.Īs for how much is a PayPal business account? The answer is it's free to signup for an account and you only pay when you start selling. This means you get the tax benefits associated with being a business and customers might be more likely to trust your organization if they see you have an officially registered business account.Īnother benefit is that there are no transaction fees for receiving payments from other PayPal users in most countries. The main benefit of a PayPal Business Account is that you can accept payments as a business. Below we will discuss the pros and cons of a PayPal business account. ![]()
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