PayPal has two enjoyable packages precisely — PayPal Business Account and PayPal Personal Account. With both packages, you can send and receive payments. However, if you don’t have a business that would require you to get payments from overseas, you may not enjoy the PayPal business account. Well, if you’re wondering about the steps on how to change your PayPal business account to a PayPal personal account, then you’ve come to the right place. In this article, you will be reading about how to change your PayPal business account to a PayPal personal account. First, let’s get started with the benefits you stand to enjoy as a PayPal personal account user.
Benefits Of PayPal Personal Account
Here are the benefits you enjoy when you use the PayPal personal account:
1. Shop And Pay Online
With Paypal personal account, it is easy for you to shop for goods online and pay online. This is because there are no extra charges added and the transaction would be recognized under your name and with a business account. This would mean lower charges and ease of payment. PayPal personal account is the best for shopping, try it out!
2. Send Or Receive Payment
PayPal allows users to send and receive payments easily. Thanks to its smooth feature, you can send and receive payments to your PayPal account easily without hassles. PayPal is designed with the best technologies to ensure there’s a smooth transfer of funds between two users. So, there is no need to worry whether your recipient will receive the money you sent or not. Worry less with a PayPal personal account!
ALSO READ: A Comprehensive Guide to Managing Health and Wellbeing.
3. Send Money As Gift
With PayPal, there is a feature that allows personal account users to send money to one another as gifts. Isn’t that amazing? This feature would allow you to surprise your family and friends when it comes to sending money on PayPal. It is a feature you would love to try out!
Now that you’ve read about the benefits of using a PayPal personal account, let’s consider the steps required to change your PayPal business account to a personal account. The next subheading would center more on that!
How To Change PayPal Business Account To Personal Account
To change your PayPal business account to a personal account, follow these steps:
Step 1. Log In To Your PayPal Account
The first step to changing your PayPal business account to a PayPal personal account would be to log in. You can log on to PayPal by inputting your email address and password in the provided spaces. Before this, tap on the Login button if you were already logged in.
Step 2. Click On “Profile”
After you have gained access to your PayPal account, the next thing to do is to look for the Profile button in the app. The Profile button is just located at the top right corner of the PayPal account.
Once you tap on the button, you will be taken to a page where you’ll see your email, name, and other details about you that you submitted during the signup process.
Step 3. Click On “My Account”
After you’ve clicked on the Profile button, you’ll be displayed a list of options. Among the list of options, you would see an option labeled “My Account”. This option is usually located at the bottom of the screen. So, scroll down until you see that the option has appeared. After you’ve clicked on the option, a new page will be displayed to you.
Step 4. Tap On “Update Account Information”
On the new page that will appear, you’ll be asked to fill out some information on the page. By filling out the information on this page, you agree to agree to PayPal’s terms and conditions. However, be sure to read and understand the terms before updating your account information on PayPal.
READ THIS: A Comprehensive Guide to Managing Health and Wellbeing.
Step 5. Click On “Change Account Type”
When you have finished filling in your new information, you will need to tap on the “Change Account Type” button to confirm your information. After you have tapped on the button, a verification code will be sent to your email to ensure that you are the real owner of the account. Once verified, your PayPal business account would then be changed to a PayPal personal account.
FAQs
Can I close my PayPal Business account to personal?
You can convert your PayPal business to personal. This can be done by following the steps outlined in this article.
Can I send money from my PayPal Business account to my account?
It is very possible. You can send money from your PayPal business account to your Paypal PayPal account. If you doubt it, you can try it and see.
How do I know if my PayPal is Personal or Business?
To know if your PayPal account is personal or business is simple. Look out for information on your page that allows you to upgrade. If there’s an option to upgrade your PayPal, then that means you might be using a PayPal business account. If not, then you might just be using a personal account.
Conclusion
No doubt, you’ve benefited from reading this article. Thanks to this article, you’ve read a detailed step-by-step guide on how to effectively change your PayPal business account to a PayPal personal account. You’ve also seen the benefits that come to those who use the personal account. Don’t wait anymore, implement these steps that have been outlined in this article.
