Personal Account
The most common type of account is a Personal account. A Personal account is useful for people who don’t sell a lot of things online, and who use their PayPal account mainly for buying stuff or sending and receiving money between friends and family. One advantage of a Personal account is that, when you do need to accept money, it is free to do so, whereas the other types of PayPal accounts charge you a transaction fee to accept money. To open a Personal account, you need to provide only your name, address, phone number, and email address.
PayPal limits the amount of money you can receive with a Personal account. For example, the limit for U.S. accounts is $500 per month at the time of this writing. This limit is reset monthly on the anniversary of your account creation date. If you receive payments in excess of the monthly limit, you must upgrade to a Premier or Business account before accepting the payment. If you wish to maintain your Personal account status, you must deny any payment that pushes you over the limit.
The most common type of account is a Personal account. A Personal account is useful for people who don’t sell a lot of things online, and who use their PayPal account mainly for buying stuff or sending and receiving money between friends and family. One advantage of a Personal account is that, when you do need to accept money, it is free to do so, whereas the other types of PayPal accounts charge you a transaction fee to accept money. To open a Personal account, you need to provide only your name, address, phone number, and email address.
PayPal limits the amount of money you can receive with a Personal account. For example, the limit for U.S. accounts is $500 per month at the time of this writing. This limit is reset monthly on the anniversary of your account creation date. If you receive payments in excess of the monthly limit, you must upgrade to a Premier or Business account before accepting the payment. If you wish to maintain your Personal account status, you must deny any payment that pushes you over the limit.
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