I need your opinions please. Can I do this with PayPal ?

by 18 replies
23
Hi, I just got my paypal account limited which is a business account and they stopped over 90% of my business.

I was wondering (hope someone have done it before) if I can register a new company name and get virtual adress for it. Then apply for paypal with my new company name and my virtual adress. ( will open new bank account as well for new company name ).

Is anyone else have done anything like this before ? Any opinions you can give me before I go ?

Thanks
#main internet marketing discussion forum #opinions #paypal
  • no one can help me out ?
  • UPDATE : Those of you who are new and are reading this pls just read for fun and or your own knowledge, dont bother helping this guy. He is not greatful as you can see from the many posts below.



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    what do u mean by they stopped 90% of ur business?

    u mean u have many different services and companies in one business account and paypal stop it?
  • i would say u are best to call them.

    what i think is that u should have 1 company link to that account.
    Meaning u cannot link multiple companies to that 1 paypal business account.

    but i remembered before that paypal said to me over the phone maybe in future they will allow multiple companies under 1 account.

    so im not sure if now its possible.

    even if it is, u must make sure the company is registered. and that u update all particulars in paypal business account. there is a place for u to upload company details and legal documents.

    and if they ask for it when doing checks u must be able to provide more evidence.

    Do not create another account, because u are only allowed to have 1 account, and even if u change ur company name, or set up a new bank account, it will still have to be under ur name, u cant change ur name can u?

    so its impossible to create another account and remain safe.

    if u do, then u never know when u might lose that account and ur business.

    So my advice, stick to that account, call paypal and work it out with paypal to find out what is the problem.

    and if need be go find other payment source to work with too. dont rely 100% on paypal.
    im sure many warriors will agree with this statement too.

    many are using other processors along side with paypal as a means to diversify.
    by putting paypal on ur website it give immediate trust and credibility BUT using them alone will be ur business downfall.
    • [ 1 ] Thanks
  • Newbiee - obviuslly you don't get my point of what I really want.
    • [2] replies
    • Hi Mate,

      I'm not sure what problems you are
      having with your paypal account.

      But if you want to start from scratch, all you
      need to do is open up a new Debit Account with your
      bank and start up a new paypla account with
      that new debit account and new email address.

      Hope that helps,

      Michael Silvester
    • wow..

      no wonder no one wants to help you out.

      u should look at ur attitude.

      i bother to type so much trying to help u out.
      and if i did not answer to ur point meaning i did not really get the issue then u might want to explain to clearify.

      u are the one asking, and when people try to help i dont think that is the way u would want to reply even if its a wrong reply.

      further more i did not say anything that is offensive to u.
      i understand sometimes people who try to help type some insensitive things.

      but seriously mate, this makes people not want to help u in future.

      think about it.
      • [ 2 ] Thanks
      • [1] reply
  • from what i have seen you can have multiple paypal accounts.
    • [1] reply
    • did u have a typo error? haha
      cos sometimes when i mean to type cant i type can, its just a missing "t" and it means a whole world of difference. =)

      because its not allowed to have multiple accounts.

      here is the exact thing i got from paypal rep.

      U only can have 2 accounts altogether.

      1 personal
      1 premier or business/merchant account

      If u are talking about whether u can create multiple accounts, sure u can.
      But in terms of TOS u cant.

      So u nv know when they will freeze ur account and ur money together with ur business is gone.

      so it depends on what u mean by "can".. lol.
  • Duplicate business accounts are against the user agreement on PayPal.

    Switch to 1shoppingcart.com
    • [ 2 ] Thanks
    • [1] reply
    • Well it would't be a dublicate account since I am going to open other company.

      p.s - how does 1shoppingcart works with paypal ? ( I still need to have my own paypal account ) ?

      Thanks
      • [1] reply
  • lol no typo... technically you should only have one adwords account too... but they allow multiple. just gotta fight for what you want within the limits.

    if they go against thier terms by shutting you off for no reason (which has been the case recently) then you have a non working account and should be allowed another.

    best thing to do... get a representative, call them, tell them what you are up to.

    most of the time its product or business specific. so if you have another business... you are good to go. DBA's are like $30 and you can incorporate for a few hundred.
    • [1] reply
    • But that is what you think from your side.
      You have one account closed because to paypal you broke some rules, until you fix those you are not allowed to open another one.

      Imagine people using paypal to do illegal things or scamming people then when they close down those accounts you just open a new one.
      You think paypal will welcome you?

      You can always open the accounts, no problem, but like what newbiee said, if there is something wrong fix it instead of opening a new one because you never know when they might find trouble with you again.

      And like what you said which is in line with what newbiee said too, its best to get a rep on the phone and talk things out, fix the problem then just creating a new one.

      When it comes to google adwords its abit different. I spoke to a rep once and he said its possible to have multiple accounts, just that you have to make sure you dont have multiple accounts pointing to the same domain.

      And from what i know, its okay to have multiple accounts.
      People have multiple accounts openly for the sake of organizing their campaigns.

      But when it comes to paypal, people are more secretive about their multi accounts.

      Weigh this 2 situations :

      Situation 1 - You are running ads on adword and as your fund deplete it tops up from your card. And if worse come to worse they suspend your account for whatever reason [although its harder to get your adword account suspended, and easier to get it back up] you just lost an account. And possibly some money.

      Situation 2 - You have a paypal account and your pay check is inside. Because paypal act as collecting money for you. So your money collects there. Then for whatever reason you broke their rule, you get your account frozen, [this is easier to get your account into trouble and harder to get out of it] then all your collected money is gone.

      And your business is down the drain. Imagine you have to use part of that money to pay other things like : affiliate commissions, product cost [manufacturer or dropshipper] , a JV partner etc etc.

      Then you really are in deep 5hit!

      So this is how it goes, if you want to use paypal, then its paypal's way, what paypal thinks, how paypal sees you or sees the situation and not what you think you are entitled to.

      So if your account is gone, it doesnt mean you are entitled to open another account or multiple accounts for that matter. =)

      Hope its clear enough. =)
      • [ 1 ] Thanks
  • and yes... a better thing to say instead of "obviuslly you don't get my point of what I really want."

    would have been.

    hey man, thanks for the tips... appreciate your time. i may have worded my question wrong but i was trying to find out _____________ any help is appreciated ;-)
    • [ 2 ] Thanks
    • [1] reply
    • exactly.

      Some people are just self absorbed.

      They think that their problem is all that matters and must be solved NOW.

      If you answer them wrongly then you are wasting their time.

      In fact he should be happy even though people may not have answered his question in the way he wants. Because by doing so it bumped up his thread and increase exposure for more people to read and reply.

      But .... he OBVIOUSLY doesnt think that far.
      Because his problem is all that matters right?

      The word for this thread is OBVIOUSLY.
      [laugh out loud]
      • [ 1 ] Thanks
      • [1] reply
  • @Newbieee and ash2611 - thanks to both of you for your help and I am really sorry you got me in the whrong way.

    I would appeciate any more tips from someone who have done similar to their paypal account ?

    Thanks once again newbiee and ash

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    Hi, I just got my paypal account limited which is a business account and they stopped over 90% of my business. I was wondering (hope someone have done it before) if I can register a new company name and get virtual adress for it. Then apply for paypal with my new company name and my virtual adress. ( will open new bank account as well for new company name ).