The PayPal account is one of the unique payment online accounts that are used all over the world today. However, this online payment account system has varieties for its users to choose from. Basically, enabling users to choose the one that best suit your level of interest. Therefore, there are two types of PayPal accounts, which users can choose to create.
Basically, users just need to choose just one account system to operate on the PayPal platform. However, there are a lot of benefits owners of the PayPal account will enjoy either using any of the account systems. On this article, we will point out the types of PayPal account to you as well as the user’s benefits. One important thing about PayPal is that most online companies pay their workers via PayPal.
Types of PayPal Accounts
- Personal PayPal Account: The personal PayPal account is created for those users who want to do their payment either for shopping or personal funds transfer. However, users can make transfer of funds using their personal PayPal account. Therefore, you can to other Paypal users personal email address and also mobile number.
Furthermore, this is a free account. Therefore, users do not need to pay any fees to start using this personal PayPal account. Users can use this account to pay online to any online shop in case they want to shop online.
- PayPal Business Account: The PayPal business account is made for people who are doing business online. Therefore, they can receive payment via their PayPal business account. More so, online business owners can accept streams of payments for multiple types of payment system to their account as well.
The PayPal business account has no monthly fees, but for every transaction, there is a 2.9% + 30 cents per every transaction you do. However, considering the amount of security to your transactions and financial storage system it is a very low charge for an online payments platform system.
The benefit of using a PayPal Account
There are tons of benefits PayPal account users stand to gain in using this payment service either for personal or business use.
- To register on PayPal is absolutely free.
- Therefore, there is no fee for transactions while doing your shopping online.
- Top funds transfer system security.
- Easy PayPal App accessibility.
- Use PayPal to shop online globally without restrictions.
- Recognizes about 25 different types of currencies worldwide.
- Accepts credit and visa debit card payments and transfer without including any monthly fees.
- Get fast payment with online invoicing as well as using PayPal checkout.
- Buy and sell securely without fear using a PayPal account.
- Join a wide range of over 267 million users of PayPal account user worldwide.
Wow!! Just imagine all these benefits just for getting and using the PayPal account payment platform. Also, it’s free and very easy to register on.