What is PayPal Business Account and where can I enroll it?

AC/DC: What is PayPal Business Account and where can I enroll it?
Hi,

I want to start a online business for advertising ads on it and some people said to me that the only legal procedure I need to take is to create a PayPal Business Account? If so, is it true? Where can I enroll that Business Account stuff and is it expensive?

Thanks for your help.
I live in Alberta, Canada, btw.

Answers and Views:

Answer by QueenBoudica
Go to

Paypal.com

It will explain everything to you

Answer by Eric
Paypal is simply a way for you to get paid. Its a pyment system to process fees you would charge your clients. To read more about it, or enroll for a paypal business account go to www.paypal.com.
There is no charge, they make a percentage of all payments that come thru them, but in order to maintain business account status, which has lower fees than standard, you have to run a certain amount of transactions thru there a month.

Answer by imisidro
Paypal Business Account is NOT a legal procedure. When you talk of a legal procedure for starting an online business, that involves:

– registering your business with your county if you are starting a sole proprietorship. Business registration procedures vary by state, and some like Virginia is so easy you just have to pay the filing fee and put in your assumed business name

– file with the Secretary of State if your business will be a corporation, partnership or LLC

Paypal Business account is merely a way to accept payments — it is not a legal requirement. Here is the process for signing up for a business account with Paypal https://www.paypal.com/webapps/mpp/merchant

You will pay fees with Paypal for payment received and here’s their pricing