You must have searched for ways on how to Change your Name on PayPal. If that is so, then you are at the right place. PayPal is an online payment system that allows you to send and receive money securely and easily. It is one of the most popular payment methods in the world, with over 300 million active users.
To use PayPal, you first need to create an account. Once you have an account, you can link your bank or credit card. You can then use PayPal to make payments to merchants online or in person. You can also use PayPal to send money to friends and family.
PayPal is a secure payment method. All transactions are encrypted and protected by PayPal’s fraud prevention system. PayPal also offers buyer protection, which means that you are covered if you don’t receive the item you ordered or if it is not as described.
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The Benefits of using PayPal:
Secure: PayPal uses the latest security technology to protect your personal and financial information.
Convenient: PayPal makes sending and receiving money online or in person easy.
Global: PayPal is accepted by millions of merchants around the world.
Buyers’ protection: PayPal provides buyer protection, covering you in case you don’t receive the item you ordered or if it is not as described.
If you are looking for a secure and convenient way to send and receive money, PayPal is a great option. It is accepted by millions of merchants around the world and offers buyer protection.
You need to also know that PayPal charges some specific fee for their services. Below are some of the fees.
Transaction fees: PayPal charges a fee for each transaction that is processed through its system. The fee varies depending on the type of transaction and the country where the transaction is taking place.
Currency conversion fees: PayPal charges a fee for converting currencies when you make a payment in a currency that is different from your own. The fee varies depending on the currency pair and the amount of the transaction.
Inactivity fees: PayPal may charge a fee if you do not use your account for a certain period. The fee varies depending on the length of time that your account has been inactive.
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How to Change Name on PayPal
It’s not possible to change the name on your account to another person’s name. If you are making a legal or major name change, you will be required to upload supporting documentation.
Note: Users can change ownership but only on Business Accounts and only when they have provided proper documentation.
How to change PayPal name – PayPal personal
First, you’ll need to select the appropriate option to fit why you’re changing your PayPal account name.
Depending on the situation, you might have to upload images of a document to show your name has changed. This might be a government-issued photo ID if you’ve legally changed your name, or a marriage certificate, for example. Make sure you include photos of both the front and back of your valid ID.
How to Change Your Name on a PayPal Business Account?
Changing your PayPal business account name is very similar to altering your name on a PayPal personal account. To change your business name:
- Log in to PayPal on a web browser and go to Account Settings
- Click ‘Business Information’, and then click Update.
- Select Edit
- Click Change which you’ll find under your business name.
This process only applies if you’ve changed the registered name of your business and can provide legal documents to show this has happened. If you’re creating an account for a new business, open a new PayPal business account rather than updating the business name on an existing account.
How to Change PayPal Account Name from Business to Personal
First, let me tell you the difference between Business and Personal Account.
PayPal Personal Account:
As the name suggests, PayPal Personal is for personal use and is perfect when you want to send money to your family and friends or do some online shopping through digital stores and marketplaces.
If a user is an individual professional, the account caters to his business needs as well. It lets you sell goods and services and is handy for artists and freelancers.
There is no payment fee incurred on domestic transactions.
It is a by-default account given when you first sign up for PayPal services. The personal account does not support many payment options.
PayPal Business Account:
PayPal Business has all the options and services provided by a personal account, in addition to features to incorporate small to medium-sized business owners.
It allows your business website to be used as an e-commerce portal. Thus, making online purchases for your customers easier.
It allows the sending and receiving of invoices and setting up subscription services. Using this account type, your clients will be able to sign up for recurring shipments in just one large transaction. It also lets you create invoices with the help of the PayPal interface.
By creating a business account, you get access to a range of other business tools and benefits for your help.
The business account charges you a tariff for even domestic transactions.
It takes longer to set up and is difficult to downgrade.
How Do I Know If My PayPal Account Is Business or Personal?
PayPal provides features and personalization based on the users’ needs. There are two types of PayPal accounts a user can opt for, i.e., Business and Personal. The platform changes its interface based on the account type, adding or removing various features and services accordingly.
1. Open the PayPal Sign-in page in your desktop browser and Log In to your PayPal account with your Email and Password.
2. Now, click on the Settings gear icon from the top right corner.
3. If you see Convert to a business account written under Account options, then you are currently using a Personal account.
How to Change PayPal Account Type from Business to Personal?
There is no manual way to downgrade a business account to a personal account. You have to contact PayPal customer services and then follow the necessary steps to achieve the downgrade procedure. The procedure for reverting a business account to a personal one is explained below:
1. Open the PayPal Sign-in page in your desktop browser and Log In to your PayPal Business account with your Email and Password.
2. Scroll down the page and click on the CONTACT option, as shown.
3. On the Help Center page, click on the Message Center option.
4. Click on the New Message option to create a new query message.
5. Click on the Account profile and set up option from the list.
6. Now, click on the Upgrading or Downgrading your account option.
7. Lastly, write your detailed request in the Message box and then click Send Email.
What Happens If I Close My PayPal Bussiness Account?
At the time of the closing of your PayPal Business account, PayPal will automatically cancel any pending transactions in line, and you will lose any balances associated with the redemption codes. PayPal closes any link with your account, and you revert to being a normal customer for them. Also, you will not be able to access any personalization even if you create a new PayPal account.
How Do I Remove My Business From PayPal?
Deleting the Business account will remove all the user data from PayPal like the transaction history as this is different from the deactivation of the account. Follow the steps below to remove your Business account from PayPal.
Note: Once you close your PayPal account, you can’t open and use this account. Also, you won’t be able to see any transaction history from that account.
1. Open the PayPal Sign-in page in your desktop browser and Log In to your PayPal Business account with your Email and Password.
2. Now, click on the Settings gear icon from the top right corner, as shown.
3. Now, click on the Close your account option under the Account Options section.
4. Lastly, click on Close Account for the message stating: Are you sure you want to close the account? to confirm the deletion process.
Read also: How do I close my PayPal account?
