Hello to everyone,

What do you think is the plus and minus between business and premier account with PP. What do you recommend and why?

Do you have to be a registered business to get a business account?

Thanks

I don't think you have to be a registered business. But with a business account, you can give access to other staff members to check on things, etc. And people see you as the business instead of the individual's name.

I think PayPal has a page on their site that lists other differences between the two.

It looks better how the Business account has it in the business name, rather than a personal name.

I don't think the fee's are any different (don't quote me, though).

Hello,

If I was you i'd stay away from paypal as they will limit your account once you are going good with your business and one day you'll wake up to a limited account.

I use AlertPay and google checkout.

Both work perfect for what I need.

Thanks,
Lewis

They limit your account when your business is gong good? You mean the rolling reserve?

I mean when your doing well in your business and money is coming into your account (a good amount) they will just limit it for no reason.

I have lost over 2K because they limited my account and I was using eBay (Selling stuff) and was really busy and they just limited my account for no reason so I had to go through hell to sort it all out.

And they love to hang up the phone on you and leave you hanging!

I've never had that happen. I doubt they did it for no reason, otherwise you have a lawsuit on your hands.

I've been using PayPal for years, both personal and business and never had any major issues with them. They limited by personal account at one point (forgot why) but I was able to clear it up within a day.

I mean when your doing well in your business and money is coming into your account (a good amount) they will just limit it for no reason.

I have lost over 2K because they limited my account and I was using eBay (Selling stuff) and was really busy and they just limited my account for no reason so I had to go through hell to sort it all out.

And they love to hang up the phone on you and leave you hanging!

Nice to see another Scot here :)

Anyway, they generally will not suspend accounts unless you are breaking their TOS.

I'm not doubting your story, but did you break their terms? They are not going to suspend accounts (making them money) for no reason.

Nope I didn't break there TOS.

They must hate me lol.

But every transaction we're done via eBay and PayPal is owned by eBay that's why it's so weird!

I'm actually english :) but live in scotland and have done for about 1 year and a half now :) love it here.

Lewis

If you didn't do anything wrong then you're entitled to your money. I'd recommend you speak to a lawyer because $2k isn't pocket change for most people.

£2,000 is more than $2,000.

I have sorted it all now I was only letting the person who made this thread know what happened to me.

yeah I know, I forgot you were from scotland - I'm from NY and $$ is the only symbol on our keyboard :)

Glad you have it all sorted out now.

hehe yeah but NY is nicer :P

Thank you all for the replies.

But should I go for a Business or Premier account? Do you think that a business account is more likely to be suspended?

Any account is susceptible to suspension, if something fishy is popping up to them. PayPal protects your account by suspending it. They don't know what's being done with the account, so they freeze it to protect you and others using the PayPal system.

PayPal won't lock an account without a very good reason. Actually, any payment processor like PayPal won't lock an account without a very good reason.

A business account with nice healthy high transactions over a time period might get you one or more agents assigned to your account. Think of it as a concierge service, you deal with this 1 or more people, not a tech support representative.

PayPal has a chart comparing the two account types, actually. You're also allowed two accounts, IIRC. You can have a personal, and then what you do is set up another bank account registered to your business or name you've chosen, but it's under your name of course. You can then run your business name on the business account on PayPal. Or a premiere account, your choice.

Some businesses take around 20,000 quid per day in PayPal transactions and they're not anymore susceptible to account freeze than a person with a personal account. Of course, that's if they don't have a personal agent assigned to them.

With the premiere account, you can use your name, whereas with a personal you use the email address(es) assigned to that account, the business can have your or your business's name.

Most people who complained about PayPal giving them a lot of trouble are ones that used eBay. If you read most complaints on the internet, they all say eBay. eBay enacted some really nice anti-fraud measures this past year and more to come to prevent these issues from happening in the future.


Cheers!

Of course, there are differences between above 2 type of accounts. If you want to use 'PayPal Website Payments Pro' or 'PayPal Express Checkout' on your e-commerce sites, you should have to register a business account. :)

PayPal won't lock an account without a very good reason. Actually, any payment processor like PayPal won't lock an account without a very good reason.

Well I won't agree with you there.

I've never done anything "fishy" and my business is owned by a larger business that is limited and vat reg'.

And this means we earn over 75K per year other wise we wouldn't be vat reg' as its one more thing to put more time into our business.

PayPal will lock any account with no reason and won't give you your funds until 180 days well at the end of the day its your money and not up to paypal to lock accounts if any fraud is going on thats down to the police and trading standards not paypal, they like to take EVERYTHING into there own hands, yes its there site but NO there not the LAW and have NO RIGHT over the LAW so instead of them being incontrol and thinking they can do what they want when they want they should report to the police.

Now I know paypal love the usa for what reason i do not know still a place nothing diff' to UK, DE, FR etc. but yet they seem to pick on smaller countries.

If you don't think paypal are bad then please read this: http://www.justsaynotopaypal.com/

Paypal is fast and easy yes but not when they have your money locked and a customer is moaning at you.

This is for the tread starter to read and please think before using paypal theres alot bigger and better payment people out there so look around.

Best iv'e used is Alertpay and google checkout.

Hope this helps you out.

Lewis

One little expense with a pp business account is that you need a business bank account and they don't come cheap. (by my standards) You have to verify that account with pp.

To get a business bank account you need a registered business name and have to show the bank the paperwork. (At least here in Canada, and most other countries probably follow our example :))

So if you're just starting out and don't want a drain on your finances, the premier saves at least that small monthly banking charge.

best wishes, lloyd
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Even if PayPal locks your account, After (i think 180?) days you can withdraw any money you have in that account to your bank.

One little expense with a pp business account is that you need a business bank account and they don't come cheap. (by my standards) You have to verify that account with pp.

To get a business bank account you need a registered business name and have to show the bank the paperwork. (At least here in Canada, and most other countries probably follow our example :))

So if you're just starting out and don't want a drain on your finances, the premier saves at least that small monthly banking charge.

best wishes, lloyd
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....( )/ ( )...

All input is very valuable and evryone is so helpful. I looked a bit in PP and I found that you can upgrade to business by choosing the option as "Individual". That means you do not have to be business registered. I don't know if they ask for any documents though, but I am already verified.

Thank you

One little expense with a pp business account is that you need a business bank account and they don't come cheap. (by my standards) You have to verify that account with pp.

To get a business bank account you need a registered business name and have to show the bank the paperwork. (At least here in Canada, and most other countries probably follow our example :))


I've just opened a business bank account in the UK & only had to produce proof of ID & address, it's free for 2 years as well :stickout:

The commission rates irritate the crap out of me during our high periods (holidays). I looked into 2CO but their fees are ridiculous. I don't think there's a single payment processor that's the best of the best. Every single one of them have faults that aren't so great, and they excel in other categories. The great thing is, we get most of our money via physical card swipe, and not PayPal. I'd love it if fees didn't exist, I love money as much as the next person, I want it all. :P We also have a policy that if you use PayPal, you have to be around an hour from our store. It's a bakery that's a family business. We want our customers to get fresh stuff not stale. Thus we get great 'reviews' by the ethnicities we cater to. We might end up dropping net charging since I can't find anything reliable at all. We'll just stick to the physical swipe and just take orders via phone and in person. It means I don't have to wait till Joe Friday comes to pick up his goods or spend extra money on shipping items. Thus more money left for me. :o

One little expense with a pp business account is that you need a business bank account and they don't come cheap. (by my standards) You have to verify that account with pp.

To get a business bank account you need a registered business name and have to show the bank the paperwork. (At least here in Canada, and most other countries probably follow our example :))

So if you're just starting out and don't want a drain on your finances, the premier saves at least that small monthly banking charge.

best wishes, lloyd
.......__o
.......\<,
....( )/ ( )...

A business account costs $10 a month.... in Canada .

PayPal won't lock an account without a very good reason. Actually, any payment processor like PayPal won't lock an account without a very good reason.

Well I won't agree with you there.

I've never done anything "fishy" and my business is owned by a larger business that is limited and vat reg'.

And this means we earn over 75K per year other wise we wouldn't be vat reg' as its one more thing to put more time into our business.

PayPal will lock any account with no reason and won't give you your funds until 180 days well at the end of the day its your money and not up to paypal to lock accounts if any fraud is going on thats down to the police and trading standards not paypal, they like to take EVERYTHING into there own hands, yes its there site but NO there not the LAW and have NO RIGHT over the LAW so instead of them being incontrol and thinking they can do what they want when they want they should report to the police.

Now I know paypal love the usa for what reason i do not know still a place nothing diff' to UK, DE, FR etc. but yet they seem to pick on smaller countries.

If you don't think paypal are bad then please read this: http://www.justsaynotopaypal.com/

Paypal is fast and easy yes but not when they have your money locked and a customer is moaning at you.

This is for the tread starter to read and please think before using paypal theres alot bigger and better payment people out there so look around.

Best iv'e used is Alertpay and google checkout.

Hope this helps you out.

Lewis

Thanks for your info auzzhosting. I check Alertpay and say that you can have subaccounts. Is that mean that you can invoice people with different business name at the invoice? I mean If sell 2 different products can I have 2 business names with one account?

And can I send money to other Alertpay accounts for free in other countries?

Thank you

Thanks for your info auzzhosting. I check Alertpay and say that you can have subaccounts. Is that mean that you can invoice people with different business name at the invoice? I mean If sell 2 different products can I have 2 business names with one account?

And can I send money to other Alertpay accounts for free in other countries?

Thank you

Hey,

You just add more "sites" as they call them and it's just other websites you may own.

They will be invoiced in the names of the site.

I have a few domains on my account for a few business so they are good for that.

About it being free to send to another account i'm not 100% sure as I don't send money to any one :P no need it always goes into my bank at the end of the day, but its something to checkout.

There is 2checkout they are $50 setup but I don't use them so not so sure how they work or how good they are.

You could always get a chip and pin and process cards yourself then you have 100% control over payments etc.

:) Lewis

The Business account is more professional becaseu ti has your business name, but the fees are the same for both accounts.

Regarding frozen accounts: My Verified Premier Paypal account was limited some time ago. They have this roving inspection unit called the "independent review team" and as soon as some unstated indicators on your account meet a pre-determined level, your account is flagged for their attention. The first thing they do is limit your account while they investigate. It only means you cannot take out money, but can still make payments.

The reason for our problem was that The bank account is in one country and the verified address is in the U.S. As soon as I explained it, they asked for a bank statement and we were restored within minutes.

Of course it was inconvenient, but I endure the scrutiny to know that my interests are being protected just as well as byers--that's what gives them the confidence in the Paypal system.

We also use Alertpay and so far they are OK.

--Michael

Of course, there are differences between above 2 type of accounts. If you want to use 'PayPal Website Payments Pro' or 'PayPal Express Checkout' on your e-commerce sites, you should have to register a business account. :)

Are you sure about being registered, and is only for pro and express? What about payments standard? I looked into my premier PP and when trying to upgrade there is an option as "Individual". Any idea?

I think a business account is better to have because it has your company name and it would be more unlikely for you to get your account to be on hold for alot of transactions.

I think a business account is better to have because it has your company name and it would be more unlikely for you to get your account to be on hold for alot of transactions.

Not always true, They don't look at it in that way, they look at the countries and the voloume of the transaction.

All I'm saying is be carefull.

Also you can't withdraw and then hours later withdraw again, they will stop the withdraw and put it in your account - sucky way if you ask me.

A business account costs $10 a month.... in Canada .

Where did you get that account, and what about all the other fees, like a fee for each deposit, a fee for each check etc. Is that all included?

You might be right, I'm not trying to argue. I think the best prices I ran into after a lot of looking was with HSBC and they did seem to hint that for new accounts without a lot of activity, they could keep prices low.

But for most business accounts there was a charge for a deposit and an extra charge if the deposit was cash, etc etc. I am a bit spoiled now. For personal banking the best bank in Canada is President's Choice Financial which the Superstore started. I've been with them since the start about 7 years ago, have earned probably 4 hundred dollars from the things they pay you for. Mostly that one now is 1% cash back on all their credit card purchases. And have never been charged a cent for their services.

They do have charges for some things which I don't happen to do, like bounce checks. Unfortunately they don't do business accounts.

Not always true, They don't look at it in that way, they look at the countries and the voloume of the transaction.

All I'm saying is be carefull.

Also you can't withdraw and then hours later withdraw again, they will stop the withdraw and put it in your account - sucky way if you ask me.
Suspicious activity, mate. I've had my bank, my IRL bank put a hold on my debit card because I made some large transactions a couple years ago and did the same at another store 20 minutes later. They called my house, no answer, my cell, and I authorized it. They're looking out for you.

CC companies do the exact same thing.

Suspicious activity, mate. I've had my bank, my IRL bank put a hold on my debit card because I made some large transactions a couple years ago and did the same at another store 20 minutes later. They called my house, no answer, my cell, and I authorized it. They're looking out for you.

CC companies do the exact same thing.

Well they say "Suspicious activity" and when you ask them they will NOT give you an answer at all.

I have went through hell with paypal.

They closed about 3 of my accounts in total.

And one was for donations to Children in need and that's one account that i am trying to sort now, not big amounts but it was only there for Children in need so when trading standards come to my house and we have a chat about it all paypal will then try and argue with some bull' but at the end of the day they are not the law and have no power over youre money as they think they do.

If it is in youre account its youre money and you can get that back at any time with the help of the police :)

People might have good accounts and yes i had an account with them years back when eBay was big :P and that account was all good but they closed that one for no reason.

My most highest transaction i ever took with paypal was £100(ish) i wouldnt take any higher as i would lose to much fees (i just asked customers to bank transfer), but they are usally for dedicated servers but i have found alot bigger and better payment gateways now and it has made my business grow alot more and alot faster than paypal ever did for me.

I have issues with paypal hence my long posts and none of them good about paypal, (might get me in trouble with some members as my points are true and forward so if you take this the wrong way and think im being argumentative i'm not)

Lewis

Right, if someone calls by phone, how can they really validate it? ;)

The PayPal issues people have are minimal. I'm sorry you experienced what you did, and good on you for donating to a children's fund!

Can you use MoneyBookers as an American?

Right, if someone calls by phone, how can they really validate it? ;)

I don't actaully understand you there sorry.

The PayPal issues people have are minimal. I'm sorry you experienced what you did, and good on you for donating to a children's fund!

Well they need it alot more than I do!.

Can you use MoneyBookers as an American?

I'm actually UK based, and moneybookers is based in the UK but anyone can use them (or atleast i think they can).

Best payment gatewayrs are google checkout and alertpay but you will never beat the chip and pin :)

Don't you have to be a verified merchant for Google checkout? Do people need a Google account to be able to pay you?

Chip and pin, yes, CC companies are slowly switching over to that these days. We are way behind the UK and Europe.

Don't you have to be a verified merchant for Google checkout? Do people need a Google account to be able to pay you?

You just sign up for an account with them, add bank details etc and youve got an account :) and when customers go to pay they sign up for an account that takes about 5min's not even that and your done :)

Chip and pin, yes, CC companies are slowly switching over to that these days. We are way behind the UK and Europe.

You might be behind us for a few things but youre country isn't run down like ours lol

Gordon Browne? LOL.

LOL our goverment sucks big time we might as wel blow our country up now aye :P

Thank you all for your valuablr input.

Take care