PayPal as a payment method?

[d000hg]

As far as accounts go, does it matter if clients pay directly to my business account? Or can they pay me and I transfer it to business account as long as the numbers match up?
I ask because lots of people I work with abroad like to use PayPal. And I don't know if Paypal accounts can belong to a business - can they? Can I even link a PayPal account against a business account? If so I could change my existing account to do this.

[TheFaQQer]

Yes you can have a business account through PayPal.

As long as you account for where the money is, if it's in credit then it's no different than it being in a bank account paying 0% interest.

My wife sells stuff through a number of other sites that pay via PayPal (easiest for shipping internationally, too), so we have a company PayPal account.

[Sockpuppet]

Yes, but the fees are monsterous.

[d000hg]

Yes, but the fees are monsterous.

I've not found that. I typically pay <£5 on a payment of up to £2000. I have sometimes been stung by much higher fees though when people select immediate payment, rather than the normal version where it takes a week to clear. It's by no means ideal but the flexibility is pretty valuable IMO.

[Ardesco]

Fees are tulipe, but if your customer base wants to use paypal what can you do?

You can have a paypal business account but don't leave too much money in there and don't let them draw funds direct from your bank account. There are some horror stories floating around the net where people have had chargebacks levied against them and paypal has taken the funds back before investigating.

[Sockpuppet]

I've not found that. I typically pay <£5 on a payment of up to £2000. I have sometimes been stung by much higher fees though when people select immediate payment, rather than the normal version where it takes a week to clear. It's by no means ideal but the flexibility is pretty valuable IMO.

Ah, I was mostly talking about times I have received a payment and its been done by CC.