I want to hold money in my paypal, I'm verified but mine is a personal account, I don't know the difference between personal and business because it says sell on ebay. I sell on ebay and make money, so I thought I can keep my money in paypal and buy stuff then sell them for the next 3-4 years then get the money out is that fine or not?
I don't think there is a limit but i for one would not want to leave a lot of money in my paypal balance.
Also if you are selling you should upgrade to a premier or business account as you can only use a personal account for buying or sending money to friends etc, if you don't you will be forced to upgrade at some stage.
Advice is voluntary. Kudos / Solution appreciated.
You would need a Premier or Business Account if you plan to sell on eBay, that's the only way a customer can pay using a credit card.. As for the max limit on funds retained your PayPal account, have not really see a number but, personally, it's better transfer the funds to your bank account as PayPal does not pay any interest which means no incentive to keep your money there.
I meant premier account sorry about that, My question is what if like someone sells something for 1 million and can they just get it out? I mean is paypal that big of a company or not? Thanks guys for the reply.
