Can I Sell Stuff With a Regular PayPal Account?

Selling
According to the official PayPal website, users with a personal account may use the account to receive money when selling online. Personal account users face a number of restrictions that may limit selling activity, however, according to the official PayPal website. Personal account holders must have a valid email address and a bank checking or savings account linked to PayPal before receiving payments. In addition, personal account users can only receive $500 per month through PayPal. PayPal allows personal users to lift this limit, though, by linking a bank account or credit card and confirming the account holder's social security number.
Function
According to the PayPal website, personal account holders may receive payments through a number of avenues. eBay users can have PayPal automatically listed as a payment source, and buyers at the auction site can send money when the auction closes. In addition, users may send a payment request for items sold online, and users can provide their PayPal payment address to receive compensation for items sold through classified ads and other more traditional venues. Once the buyer sends payment, PayPal sends the account holder an email confirmation that contains the buyer's information and payment amount. The account holder can then choose to withdraw the funds, use the money to shop online or use a PayPal debit card to shop in traditional brick-and-mortar stores.
Benefits
According to the e-commerce website EMoney Guides, personal users can set up a PayPal account quickly and without the need for complex verification procedures often associated with commercial merchant accounts. EMoney Guides lists PayPal as the most frequently used payment method for online transactions, and PayPal lists an extensive seller protection policy on its website. Though the company charges fees for each transaction, the personal account requires no monthly fee or maintenance charge, as of January 2011. When compared to other payment options like sending a check or money order, PayPal reduces the time required for payment by facilitating an instant money exchange.
Considerations
Though personal users pay no monthly fee, PayPal charges a fee for each transaction; these fees can quickly consume significant portions of small payment amounts. The consumer complaints website PayPal Sucks lists a large number of reasons PayPal may freeze a user's account, or temporarily seize the funds contained in that account. For this reason, PayPal users must exercise caution to ensure compliance with the company's terms of service. In addition, personal users may not use PayPal to sell directly on their own personal websites or through e-commerce applications, as the company requires an upgraded account to enable these services.