Setting up a PayPal business account allows your customers to pay you online.
PayPal is a website that lets individuals and businesses send and receive money. After you connect your business bank account to PayPal, you may send money to or receive money from customers. It is free to set up a PayPal account for a business. There is a small fee for receiving funds, but it is free to send money to others. If you are a business that handles online orders, setting up a PayPal account is a way to receive payment quickly and easily.
Instructions
1. Go to the PayPal website and click on "Sign Up" (see Resources).
2. Choose the country in which you perform your business and the main language you use for your business.
3. Choose the "Business" account from the drop-down menu. The other two choices are "Personal" and "Premier," but they are for individuals. Hit "Start Now."
4. Click on "Find Your Payment Solution" to choose the best payment solution for your business. Answer the questions on the menu and hit "Continue." You will need to enter your bank account information, including bank name, account number and routing number.
5. Click on the type of account you want to open for your business and hit "Continue."
6. Hit "Go" and fill in the contact information for your business, including the name, address and other relevant information.
7. Check the bank account you connected to your PayPal account in a few days to get the "verification amount." You should notice a small deposit in your account made by "PayPal." Write down this number.
8. Log in to PayPal and enter in the amount of money that was recently deposited into your bank account. This assures PayPal that you have a legitimate bank account. You can now start using your business PayPal account.
