11/9/2023 0 Comments Paypal merchant account![]() PayPal will then send a verification request to your bank in the form of two small deposits. Enter the name of your bank along with the personal or business account number and routing number as instructed. You can set up a business PayPal account with either a personal or business bank account. Log into PayPal and follow the remaining instructions that require you to enter your bank account information. This notification normally arrives within minutes, and is required to open your account. Look for the verification email from PayPal. Open your email and check for new messages. Once all requested information is completed, submit the form. The process requests the new PayPal account owner's name, address, email address, business address and business customer service contact information. Choose which limits you would like to raise (limits for sending per year or maximum withdrawals from your PayPal account) and the click Raise limits.Ĭongrats! Now you are able to add PayPal as a payment method for SiteBuilder.Enter the requested information.Click Profile and then Raise your account limits. Once your credit/debit card is verified, you will be able to raise your monthly limits.The few cents that was deposited into your account will be returned to PayPal within 24 hours after you verify your bank account. In the statement of this payment, you’ll find a 4-digit code that you will have to enter in your PayPal account to verify your bank account. PayPal will now attempt to make a payment of a few cents to your account to be sure the account is valid. Enter your credit/debit card’s information and click Continue.Click Profile and then Link and confirm debit or credit card. You have to now connect your credit/debit card to your PayPal account.To access the settings of your PayPal Business account, click the following link: You must now also complete the setup of your PayPal account. You must now confirm your email address by clicking on the link in an email received to the email address you entered for your PayPal registration. Once these steps are complete, your PayPal Business account is created. Based on your previous answer, you might have to answer another Yes/No. Most smaller online stores will most probably choose No. In the next step, answer the questions about whether your business earned 50% or more of its gross income from dividends, interest, rents, royalties or similar sources.If none exist, enter information for the person who makes the key executive decisions for your business. Enter the information of all stakeholders in your business who own a minimum of 25% of the share of your business.Enter your personal information and click Submit.Continue entering information as prompted. ![]() Be sure to click the box next to the Terms and Conditions and click Agree and Continue. Enter the email address and password for your PayPal account and fill in your personal details.Enter your email address and click Next.Choose Business Account and click Continue.Follow these steps to set up your PayPal Business account You can go directly to the article How to Set Up PayPal for your SiteBuilder. ![]() Having the correct type of account is crucial because you will not be able to receive payments for your online store without a PayPal Business account. If you would like to offer PayPal as a payment method for your online store, you must first upgrade your PayPal account to a Business Account. The business owner receives the payment instantly after the payment is made. After connecting your credit/debit card to your account with PayPal, you are able to pay for goods and services online with any vendor that offers PayPal as a payment method. PayPal is an internationally-known payment gateway that has become a favorite of business owners and customers due to its simplicity, speed and safety.
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