Common use of Personal accounts Clause in Contracts

Personal accounts. If you primarily need to make purchases and send payments to family and friends, a personal account is probably right for you. With a personal account you can do things like: • Buy goods and services. • Send and request payments from friends and family. You can also use a personal account to receive payments for the sale of goods and services, but if you plan to use your PayPal account primarily to sell things, you should consider a business account. You can convert your PayPal account from a personal account to a business account should circumstances change. We recommend business accounts for people and organizations that primarily use PayPal to sell goods or services, even if your business is not incorporated. With a business account, you can do things like: • Use a company or business name as the name on your PayPal account. • Allow employees access to some of the features of your PayPal account. • Sign up for PayPal products that meet your business needs. Business accounts may be subject to fees that differ from the fees applicable to personal accounts.

Personal accounts. If you primarily need to make purchases and send payments personal transactions to family and friends, a personal account is probably right for you. With a personal account you can do things like: • Buy goods and services. • Send personal transactions to and request payments personal transactions from friends and family. You can also use a personal account to receive payments for the sale of goods and services, but if you plan to use your PayPal personal account primarily to sell things, you should consider a business account. You can convert your PayPal account from a personal account to a business account should circumstances change. We recommend business accounts for people and organizations that primarily use PayPal to sell goods or services, even if your business is not incorporated. With a business account, you can do things like: • Use a company or business name as the name on your PayPal business account. • Allow employees access to some of the features of your PayPal business account. • Sign up for PayPal products that meet your business needs. Business accounts may be subject to fees that differ from the fees applicable to personal accounts. Business accounts are not eligible to receive “personal transactions,” although they may send personal transactions to friends and family with an eligible PayPal account.