What is PayPal Personal Account? And This is Five The Benefits For You
What is PayPal Personal Account? PayPal personal account is a type of PayPal account that is used for individuals as a means of payment for online transactions to shop online, transfer money, receive money and make transaction with eBay.
PayPal personal accounts are easier to use for transactions, for example sending money to other banks without any transaction fees. The limit on a personal PayPal account is € 2,500 or the equivalent of the exchange rate of each country or after receiving their first payment.
The lack of using a personal PayPal account is that the amount of money received per transaction is limited, you cannot accept money payments via credit cards and debit cards. This given limitation makes users not free to use PayPal as an online payment tool through a personal account.
However, there are five benefits of a personal PayPal account, including:
It Can be used anytime and anywhere, for example in an emergency the user wants to send money to a friend's or relative's bank account who is in need of it, a personal PayPal account is the solution.
The registration process is simple and does not take up a lot of quotas.
Transactions are carried out quickly and securely because PayPal has a sophisticated security system such as: authentication codes, checks and balances and freezing accounts if the account is detected as fraudulent.
Money can be returned if you use PayPal as a means of payment for online shopping. But users have to wait 180 days from payment.
Can carry out international transactions with relatively low transaction costs.
After knowing what is a personal PayPal account and its benefits for users. Please note that personal PayPal accounts are not suitable for business owners.
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