All PayPal accounts allow you to send and receive payments.
Personal:
Recommended for individuals who shop and pay online, or wish to send or receive personal payments for shared expenses such as splitting of dinner bills or rental charges; for casual sellers or non-businesses who wish to get paid online, and who also make online purchases.
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.

Payments are delayed to help ensure a safe environment for both buyers and sellers. There’s a slightly higher risk associated with manually-entered payments because the card holder and the card don’t necessarily have to be there for the transaction to take place. We want to make sure that you have money in your account to cover any payment reversals.

It costs nothing to open a PayPal Business account. However, when taking payments or doing purchases, there might be specific transaction fees. Check out PayPal’s pricing schedule for specifics.

It is easy to top-up your PayPal account – adding more funds to increase your spending limit. Topping up your PayPal account is free but charges may apply by your local bank.

An EIN, or Employer Identification Number, is a unique nine-digit number assigned by the IRS to businesses for tax purposes. It’s like a social security number for a company.