How to Compare Personal Premier and Business PayPal Accounts

1. Review the differences between the various levels of PayPal accounts in the Help section of the PayPal website.
2. Examine your needs as they pertain to your online banking. If you are going to need to accept credit or debit card payments from your customers with any type of volume then you will need a Premier or Business account.
3. Monitor your PayPal monthly fees. If you have a Personal account you are allowed to accept a small number of credit card or debit card transactions but the fee you are charged for each transaction is greater than the fee per transaction on Premier or Business accounts. If you are accepting the maximum allowable number of credit card transactions each month on your Personal account you might actually be paying more in fees that you would if you upgraded the account.
4. Evaluate the merchant services and auction tools that are provided for Business and Premier accounts. These benefits are not available to Personal accounts. Determine if the services would benefit you and if so upgrade your account.
5. Consider having two PayPal accounts. Depending on your individual needs it might be beneficial to have a Personal account as well as a Premier or Business account.