What's the difference between a PayPal personal account and business account?
A PayPal Business account has all the options as a Personal account, but also offers more features for small to medium-sized business owners. For example, PayPal Business accounts allow you to send and receive invoices, plus set up subscription services.
Can I use the same PayPal account for personal and business?
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. End-users are allowed to add as many email addresses for accepting/sending payment.
What are the disadvantages of PayPal business account?
Cons of using PayPal for small business.
High chargeback fees..
Higher fees than a typical merchant (credit card processing) account..
Account suspension for terms and conditions (T&C) violations that can freeze your funds for months..
May take 2 business days to get your money..
Customer service can be hard to reach..