![]() You can easily access the features of your PayPal Business account right from your dashboard. You only need to sign up for an account, verify your account by providing the necessary business information, and set up your payment methods. Learning how to set up a PayPal Business account is quick and easy. Keep in mind that you may not be able to retrieve any funds remaining in your frozen account in cases like this. In some cases, PayPal may permanently suspend your account if there is no resolution to the issue, such as if you violated any of the terms in the PayPal’s user agreement. If the reason only requires additional information and documentation, you should get back full access to your account as soon as PayPal reviews your submission. Most of the time, PayPal will request additional documentation, depending on the reason for the account freeze. The notification you see when you log in should give you instructions on what to do to resolve the issue. You will also see a notification when you log in to your PayPal account. In the unfortunate event that your PayPal account is frozen, you will receive an email notification about it. If these apply to your business, check our complete guide on high-risk merchant accounts. Low credit scores or selling high-risk products or services can also impact your PayPal account. Communicate with your customers and provide good customer service.Submit all necessary documents that PayPal requires.If you ship physical items, use a shipping method that offers tracking.Keep all the information in your PayPal account updated.Give PayPal advance notice if you are expecting to receive a large amount of money.Check your account’s transaction limits and make sure to stay within those limits.Here are some tips to help avoid having your PayPal account frozen: Aside from having an unverified account, some of the possible reasons are an unusual increase in your transaction volume, higher customer complaints or refund requests against your business, logging into your account from multiple locations, or any violation of PayPal’s user agreement. The main reason a PayPal account may be frozen is because of a higher fraud risk. PayPal provides aggregated merchant accounts, which means like most payment aggregators, they observe extreme caution and put accounts on hold if there’s a hint of irregular activity.Ī frozen PayPal account is restricted from sending or withdrawing money, which can be a huge setback for small businesses relying solely on their PayPal Business accounts for accepting payments. ![]() This can happen even for PayPal Business accounts. Many PayPal users complain of having their PayPal accounts frozen. Looking for alternatives to PayPal Business? Check out our guide to alternatives to PayPal Business for other options. Read our article on the pros and cons of PayPal Business to learn more. Accepts international currencies and cryptocurrencies.Here are some of the benefits of having a PayPal Business account: Even if you have a different merchant service or payment service provider, there are no additional fixed costs to using many of PayPal Business’ features. We generally recommend PayPal Business as a payment processor for small businesses. Standard (one to three business days): Free.Instant: Fee is 1.50% of amount withdrawn, minimum of 50 cents.If you prefer to withdraw your funds to your linked bank account or card, here are the options available: If you availed of the free PayPal Business Debit Mastercard, you may directly spend your PayPal balance using the card. You will need to withdraw it from your PayPal account to your bank account or a linked card. (Source: PayPal Business)Īll payments you receive from customers will go to your PayPal balance. PayPal’s Virtual Terminal lets you process orders by entering the customer’s card information.
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