New on LowEndTalk? Please Register and read our Community Rules.
All new Registrations are manually reviewed and approved, so a short delay after registration may occur before your account becomes active.
All new Registrations are manually reviewed and approved, so a short delay after registration may occur before your account becomes active.
Comments
Yes, although depending on your country of residence, and how much money passes through the account, PayPal may ask for proof of business ownership etc.
Thanks. How much is that usually?
Ask Paypal?
It depends on your location. But, if you are going to run a summer host, it shouldn't be an issue. You will be out of business before it takes off anyway.
normaly until 2500 eur is not a problem
I believe there's an option to add a bank in your personal name rather than the business name. But this may be different depending on the country. What's preventing you from registering a PayPal account then try it?
That's some serious negative thinking my friend. It might hurt your health.
Yes. I have one. :P
Can you withdraw to your personal bank account?
In Canada, you can register as a sole propeitor assuming you have a business number.
I only tried withdrawing to personal VISA. I believe it will work with bank account as well, since you don't verify it with name but just number. They make deposit and you tell them how much they deposited and you are set. I believe you can withdraw even without that verification.
Likewise in Australia - I have a personal and a business account in the same name.
I believe they check whether the name on the bank account matches the name on your PayPal account.
@aglodek Even if they do as long as name is same, he is fine.
Yes with limits, in the UK you can also register a sole trader account.
Yeh, but you should also register with HMRC and file a yearly tax return. It's a ballache but if you are going to tell paypal you are a business/Sole trader you definately want to. as if HMRC find you've been gaining addational income and not disclosed it then I believe it's fines and/or jail time even if you make pittance the goverment can't stand the idea they don't get their cut.
Its a £100 fine for late filing with interest.
Obviously if there is tax to pay you pay it, that is not really in question.
I live in a third world country and i don't give a f*ck about the government.
Bradford although it seems it is not a third world country