There is no automatic way to downgrade a business account to a personal account, you have to contact customer services and they will do that for you. You can click on help / contact bottom left of every Paypal page for contact options for your country.
PayPal E-Commerce Platform
PayPal was born after the demand for secure payments in online businesses. It is a platform that allows you to pay and collect over the Internet without the need for a bank, it uses a financial intermediary.
This payment method is widely used in e-commerce stores due to the ease of payment that it entails for the customer, and above all, for the security it transmits. It was born with the aim of eradicating the fears that users had when paying online.
What is PayPal and how does it work?
PayPal is a type of payment gateway available in online stores. It is a fast and secure payment system to carry out economic transactions. In addition to using it in e-commerce, its use is widespread among individuals, buyers and sellers.
We can use this payment platform as a user or as a company. As a particular, the only requirement that PayPal asks is an email account, with it we can send and receive payments. To install PayPal in an e-commerce it is recommended to create a company account.
PayPal works with different payment methods, it can be through a credit or debit card, the balance of the PayPal account itself or with a bank account.
Why use PayPal in e-commerce?
There are different payment methods that we can introduce in the online store, the ideal thing is to select several payment methods so that the customer has the option to choose.
This type of payment provides great security to the consumer, the privacy of financial information is maintained. The use of PayPal is widespread worldwide, accepting payments in more than 200 countries.
PayPal is a type of payment gateway that has a higher commission than the average but that brings great benefits. The consumer looks for this system among the payment methods, so we must offer it as an alternative to the Virtual POS.
How to create a PayPal Business account?
If we want to add PayPal as a payment method in our sales platform, it is necessary to open a PayPal business account. There are different types of account:
- PayPal personal account. Designed for users who make payments online. It is totally free.
- PayPal Premier Account. For users who buy and sell. They can make purchases for free but to receive the charges they must take advantage of reduced rates.
- PayPal Business Account. Ideal for companies that sell Internet such as online stores. The entrepreneur receives payments made with cards.
The Business account is the one that we must create if we have an e-commerce. PayPal offers the entrepreneur a specialized service for sellers and a tool for eBay.
How to configure the PayPal account in e-commerce?
Once we have created the PayPal company account, it is time to configure it in the sales platform. We can easily integrate this payment method in the different CMS for e-commerce, they have modules or plugins that facilitate the task.
If we have a Prestashop, WooCommerce, Magento or Shopify online store, it is very easy to configure the PayPal account, if instead we have a customized online store development, it is necessary to connect through an api.
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What is PayPal BigCommerce?
PayPal powered by Braintree makes it easy to accept payments through your BigCommerce store. This will give you access to your new payment gateway via the Braintree Control Panel. To get your funds, you’ll need to fill out an application and get approved for a full merchant account.
Is PayPal good for ecommerce?
They have the reputation for being a safe and secure way for PayPal users to buy from merchants using a PayPal balance as well as a debit or credit account linked to their PayPal profile. But PayPal offers much more features and services to accommodate ecommerce shops.
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Can PayPal be used as a business account?
Your business can accept payments for goods and services through PayPal. Using a PayPal business account, you can accept online payment via PayPal, as well as in your store or business office, through a mobile card reader, and by phone. PayPal can also process payments made with major credit and debit cards.
What is the benefit of PayPal business account?
Business: Recommended for merchants who operate under a company/group name. It offers additional features such as allowing up to 200 employees limited access to your account and customer service email alias for customer issues to be routed for faster follow-ups.
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WooCommerce Multi Vendor PayPal Commerce Payment Plugin
This module allows the admin to integrate the Marketplace PayPal Commerce payment method to their stores. The customers can use their PayPal account for making the payment for any purchase.
The admin can also process the refund for the customers, the refund will transfer to the PayPal account directly. The module supports the split-cart functionality for the ease of a proper share of the payment.