Help Required for PayPal

Nairobi, Kenya
January 29, 2020 7:17am CST
Hi all good evening. Hope all of you are doing good. I believe all of us here has a PayPal account. I want to clarify few of my doubts here. Any help is highly appreciated. Do you need a business account to accept payment or one can accept payment to personal account too? While setting up an businesses account in PayPal what you select for the business type? We must add a bank account to receive payment or not? Thanks in advance for your reply.
4 people like this
5 responses
@Mike197602 (15504)
• United Kingdom
29 Jan 20
Can't really help as paypal rules are different depending on the country you live in and the rules of that country. For me I just have a personal account that is linked to a card and a bank account but I never withdraw money I just buy things with paypal so the money is used that way. As far as mylot goes all you need is a personal account to be paid but you'd maybe need it linked to a bank if you want to withdraw money rather than leave it in paypal and use it the way I do.
3 people like this
@topffer (42155)
• France
29 Jan 20
Hi Mike, pleased to see you I withdrew money only once to check, and since I buy things with my balance like you.
1 person likes this
@Mike197602 (15504)
• United Kingdom
29 Jan 20
@topffer good to see you too...hope you had a good christmas and new year etc...and that you're excited to be rid of us in a couple of days
1 person likes this
@topffer (42155)
• France
29 Jan 20
@Mike197602 Happy New Year, my best wishes for 2020! lol, you will be out only in 2021 and I was supporting BoJo on this one, it lasted too much. But he should give back the pieces of the Parthenon in the British Museum to the Greeks before signing any trade agreement.
1 person likes this
@GoAskAlice (5863)
29 Jan 20
You don't need a business account. A personal account is quite acceptable.] You don't need to have added a bank account to receive payment (except in India, where it is obligatory to add a bank account because of agreements between PayPal and the RBI). Of course, if you want to transfer the money to your bank account, you will need to add one in order to do so.
1 person likes this
@topffer (42155)
• France
29 Jan 20
@myklj999 I don't know how to search that on PayPal, I am surprised by the need of an US account, I think only an US citizen or resident can have one. If you can link a bank account in Kenya, I supposed you can withdraw with it.
1 person likes this
• Nairobi, Kenya
29 Jan 20
Thanks Alice, I ll try to sort it.
• Nairobi, Kenya
29 Jan 20
@myklj999 Thanks, let me check it and figure it out how to proceed.
1 person likes this
@DianneN (254926)
• United States
29 Jan 20
I see you have your answer.
1 person likes this
@DianneN (254926)
• United States
29 Jan 20
1 person likes this
• Nairobi, Kenya
29 Jan 20
Thanks, good to see the response . Let me sort my PayPal things.
1 person likes this
@thelme55 (79324)
• Germany
29 Jan 20
I use a personal account at PayPal. I think if you use a business account at Paypal, it is another rule and regulation and maybe you have to pay. You need to have a bank account so that what you receive from Mylot through PayPal, you can transfer it to your own bank.
1 person likes this
@thelme55 (79324)
• Germany
29 Jan 20
@ExplorewtMe Good luck.
1 person likes this
• Nairobi, Kenya
29 Jan 20
Hope same personal account will do for me too. Let me check and sort it out.
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@nawala123 (20871)
• Indonesia
7 Jul 20
nope, personal account is accepted
1 person likes this
@nawala123 (20871)
• Indonesia
7 Jul 20
@ExplorewtMe okay mate
1 person likes this
• Nairobi, Kenya
7 Jul 20
yes, I figured it out, It is working fine. Thanks for replying.
1 person likes this