You don’t need a business to use a PayPal business account. You can simply sell under your own name if you don’t have a business or if your business is a sole proprietorship.
Can I have a PayPal business account without a business?
It’s possible to open a business account without a “business name”, but you will first have to get a “sole proprietor” EIN from the IRS. Then you would register using your name + EIN by telling Paypal during registration you will be operating as a sole proprietor.
Does PayPal business name need to be real?
PayPal requires users to use their real names on personal accounts. … Although you’ll still need to provide your real name to PayPal to set up your account, you can make your business name anything you want.
Does PayPal require legal name?
PayPal operates very similarly to a bank. They need valid and legal proof of identity to make changes to that information.
Can you use PayPal with a fake name?
For example, PayPal’s sign-up process can be completed with a fake name. They’ll have no ability to verify your identity unless you want to transfer your money somewhere else. To do that, you’ll have to verify your identity or link your bank account.
Can anyone have a business PayPal account?
There is no minimum income or sales volume required to open a business account. However, to be eligible for PayPal Working Capital, you need to have a business account up and running for 90 days and process at least $15,000 in a 12-month period.
How do I create a PayPal business name?
Here’s how to change the name of your business:
- Log in to your PayPal account.
- Click the Business Profile icon beside “Log Out” and select Profile and settings.
- Click My business info.
- Click Change next to Name.
- Select Business Name Change (business name).
- Click Continue to complete the instructions.
How do I hide my name when sending money on PayPal?
To hide your real name while sending money on PayPal to others, you have to enter your pen name as your business name or anything else. But you have to enter your real name too, only for requirements; the receiver will not see your name.
Does PayPal show your name when you receive money?
When you send or receive a payment, the name registered to your PayPal account will show on the payment sender’s account activity. It’s not possible for PayPal to provide a false name in this regard, as do require all customers to provide their correct details when signing up with PayPal.