Show detailed source information? Register for free Already a member? More information. Supplementary notes. Other statistics on the topic. Financial Services Quarterly payment value of PayPal Financial Services Quarterly transaction volume of Venmo Financial Services PayPal revenue Raynor de Best. Profit from additional features with an Employee Account. Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header.
Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts. Please log in to access our additional functions. You should keep separate personal and business bank accounts and you should also do likewise with PayPal.
Then link the personal PayPal account to your personal credit card or bank account, and the business PayPal account to your business credit card or bank account. With that out of the way, the next stage as you continue to grow your business will be launching and selling more than one product. With revenue from both of these products coming in through the same PayPal account, there can be some challenges.
The first challenge you will encounter is that of accounting. Since you will be seeing the total amount of revenue generated from both your businesses, it will be hard to visualise at a glance how much of that revenue belongs to each business. Of course you will also hopefully have good reporting facilities from the e-commerce platform you are using which will somewhat compensate for this disadvantage.
Moreover, if you are accepting payments through other systems apart from PayPal e. As long as you have separate companies, there should be no issue at all. A company is legally distinct from its owner. Each can and should have its own bank account, credit card, email, etc. As a result, you will be able to sign each one up individually at PayPal.
You will be the representative of your company for each PayPal account, but the PayPal accounts will each belong to the respective company. If you are planning to spin off and sell a particular product or brand, you should always create a separate PayPal account for it and treat it as a separate entity from the rest of your business. During the selling process and the due diligence period, it will be so much easier for you and the buyer if you have a separate PayPal account housing the transaction of just that product that you will be selling off.
This will affect your selling price so keep that in mind. For the new owner, having a PayPal account that has been previously set up and having everything working smoothly is a very important bonus. The changeover will be easier and they will have a handy history of every transaction recorded from the inception of that product.
Moreover, you have to also keep in mind that PayPal allows lower transaction rates depending on your monthly volume of sales. Another thing to consider is whether you will have subscriptions and recurring payments processed through PayPal. This can allow you to do things like give refunds from the e-commerce system itself rather than having to log in to your PayPal account to process the refund.
If you use PayPal Standard, you can use a single account for multiple sites. If you use PayPal Express, you need to use a separate account for each site. Now if you decide to go for one PayPal account to cover all your products, it might be a good idea to still pass your payments through separate email addresses linked to the same PayPal account. This is very useful if you are receiving payments from several different sources.
To give you a concrete example, imagine a blog having affiliate arrangements with tens or hundreds of product vendors. If they all have their own affiliate systems, as is frequently the case, you would have signed up with each vendor and gave them your PayPal email address.
Now if in the future you sell that blog, the new owner would have a very tedious job having to log in to each of these affiliate accounts and change the PayPal email address to his instead of yours.
Another potential issue with having multiple accounts is which account to process expenses from. For example, if you are using a backup service for all your product sites, and you want to make an automatic monthly payment, which PayPal account will you use if you have a number of them?
Advice is voluntary. Log in to Ask a Question. KhadijaaAbj Yes you are allowed a maximum of 2 paypal accounts as long as 1 is personal and the other 1 is business. Login to Me Too. Thank you,. KhadijaaAbj You would need to use separate email addresses as an email address 'identifies' a paypal account. Haven't Found your Answer? It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
All rights reserved. There is one more issue that makes PayPal a headache. It will teach you the art and science of managing multiple PayPal business accounts in the least possible hassle. Ultimate Guide to Use PayPal hide 1. Can I have more than one PayPal account? How to set up multiple PayPal accounts? Steps to set up multiple PayPal accounts easily: 4. Advantages of having multiple PayPal accounts 5. Disadvantages of multiple PayPal accounts 6.
How to monitor Multiple PayPal accounts in a single place? Advantages of using Putler for your multiple PayPal accounts 7. All your PayPal accounts in one place 7. Refund, manage subscriptions, check balance directly from Putler 7. Quick search 7. In-depth analytics and insights 7. Product and Customer insights 7. Handles multiple timezones, currencies 8.
To begin with, PayPal allows one user to have a maximum of two accounts. One is for personal use while the other one is for business use. Such accounts are commonly known as stealth accounts. These various accounts are the multiple PayPal account. Mostly, people own multiple PayPal business accounts for seamless functioning as they can connect these multiple accounts with various e-commerce platforms. Also, having multiple PayPal business accounts allows a business owner to have continual payment even if there are few glitches in one account.
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