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How to Make a PayPal Business Account

How to make a PayPal business account
It's easy to make a PayPal business account!

PayPal business accounts are specifically designed for businesses large and small. Even if you’re a freelancer, you can benefit from using this type of account. In this article, we’ll go through the main benefits, and discuss how to make a PayPal business account in just a few steps.

The 7 steps to make a PayPal business account are:

  1. Sign up on
  2. Enter your email and password
  3. Enter your business’ information
  4. Read and accept the agreements
  5. Select your business type
  6. Fill in your personal information
  7. Answer some questions about your business

Before we delve into the simple steps you need to follow, it’s important to understand what a PayPal business account is and how it works.


What Is a PayPal Business Account?

A PayPal business account simplifies transactions for any type of business. It allows you to accept and process payments in more than 25 currencies, from over 200 countries.

It offers an easy checkout solution for your customers, and they can pay for your products or services using many different payment methods, including credit or debit cards, PayPal itself, and Venmo. They don’t even need to have a PayPal account themselves, as they can just shop as guests.

Businesses also have more to gain from a PayPal business account, including launch kits, shipping help, and lending options. It’s essentially a system that helps you easily monitor your sales, profits, and expenses.

Is a Business Account on PayPal Free?

Business accounts on PayPal are free to set up. However, some of the features that come with the type of business account you choose may have fees attached. The best example of this is the PayPal Payments Pro account’s £20 maintenance fee.

Can Anyone Make a PayPal Business Account?

Anyone can make a PayPal business account. There are no minimum sales volume requirements, and you can set up a PayPal business account even if you have never had a personal PayPal account before.


Types of PayPal Business Accounts

There are a few different options for business owners. So, before setting up a PayPal business account, you should decide which one suits you best.

PayPal Payments Standard

PayPal Payments Standard is the basic business account. It doesn’t charge monthly maintenance fees, allows handling of most payment methods, offers toll-free phone support, and easy PCI compliance. Credit card companies require this to make online transactions safe and to protect users against identity theft.

PayPal Payments Pro

You can also upgrade your standard account to a PayPal Payments Pro account. This includes all the basic perks, plus the ability to accept payments via phone, fax, or virtual terminal. Business owners also get complete control over the checkout pages. This option costs a monthly maintenance fee of £20 ($30 in the US).

PayPal Checkout

There is also a separate option for PayPal Checkout, which is ideal for ecommerce sites. However, if you’re a freelancer and just want to get a simple PayPal business account, we recommend going for the PayPal Payments Standard option.


How to Make a PayPal Business Account in 7 Steps

PayPal business account
Signing up is quick, easy and free!

1. Sign up on

Head over to PayPal and click Sign Up. You’ll be asked if you want to set up a personal or a business account. Select the latter and click Next.

2. Enter Your Email and Password

Next, you’ll have to enter an e-mail address and choose a password that meets PayPal’s security requirements.

3. Enter Your Business’ Information

You’ll then be taken to a page where you need to provide a business contact name, the name of your business, and its address.

4. Read and Accept the Agreements

At the bottom, you’ll have to agree to a User Agreement, a Privacy Statement, and an E-communication Delivery Policy. Once you do that, you can continue and create your account.

5. Select Your Business Type

Next, you must describe what type of business you have, choosing an option from a list the page provides. Depending on your choice, you might need to add more information like service keywords, monthly sales, or a website address. You might also be eligible for a PayPal Business Debit Mastercard.

6. Fill in Your Personal Information

The next page asks you for some personal information, like your date of birth and home address.

7. Answer Some Questions About Your Business

PayPal also asks you some questions about what you want for your business, to advise you when it comes to choosing the functionalities that will work best for you. This includes what you sell, how would you like to sell those things, and how your customers purchase your products. Once you answer these questions, you’re finished!


PayPal Business Account Requirements

To set up a PayPal business account, first you need an email address. You can use a personal email address, or you can use a business email, which you can learn more about here. You also need to provide contact information, like your phone number and complete address, along with your bank account information.

You’re also going to need to describe your business in detail by explaining the type of business you have, providing product or service keywords, monthly sales, a website address, employer identification number, and customer service contact information.


Who Should Make a PayPal Business Account?

Anyone who’s looking to collect income, distribute revenue and invest in their business can benefit from a PayPal business account. Not only do these accounts help small businesses grow, but they also make financial work easier for businesses of all sizes, with customer support, analytics, and payment tracking.

Small businesses, artists, freelancers, sole traders, eBay vendors, startups, corporations, and even non-profit organisations can benefit from a PayPal business account.


Benefits of a PayPal Business Account

  • No monthly maintenance payments for the standard account, plus no setup or cancellation fees
  • Extremely fast setup
  • You can get paid online or in person
  • A global payment system
  • Easy e-commerce integration, since most providers (big or small) now have PayPal integration that simply requires login details
  • Non-profit organisations and charities have discounts for their transaction rates


Setting up a PayPal business account is a smart choice if you want to improve and simplify the financial management of your business. It allows you to provide multiple payment options for your customers along with great customer support. You can also receive important analytics and tracking information that can help you improve your business. You can also create invoices with a PayPal business account too.

If you want to learn more about starting and running a small business, check out the rest of our articles over on the blog.

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