![]() Once these steps are complete, your PayPal Business account is created. Based on your previous answer, you might have to answer another Yes/No. Most smaller online stores will most probably choose No. In the next step, answer the questions about whether your business earned 50% or more of its gross income from dividends, interest, rents, royalties or similar sources.If none exist, enter information for the person who makes the key executive decisions for your business. Enter the information of all stakeholders in your business who own a minimum of 25% of the share of your business.Enter your personal information and click Submit.Continue entering information as prompted.Be sure to click the box next to the Terms and Conditions and click Agree and Continue. Enter the email address and password for your PayPal account and fill in your personal details.Enter your email address and click Next.Choose Business Account and click Continue.If you already have a Business account with PayPal, you can go directly to the article How to Set Up PayPal for your online store. Having the correct type of account is crucial because you will not be able to receive payments for your online store without a PayPal Business account. If you would like to offer PayPal as a payment method for your online store, you must first upgrade your PayPal account to a Business Account. The business owner receives the payment instantly after the payment is made. After connecting your credit/debit card to your account with PayPal, you are able to pay for goods and services online with any vendor that offers PayPal as a payment method. PayPal is an internationally-known payment gateway that has become a favorite of business owners and customers due to its simplicity, speed and safety.
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