paypal for a person who does not have a personal business

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paypal for a person who does not have a personal business

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Hi

 

I am new to create a course with Udemy. I was trying to create a paypal account but I have some questions to proceed as right now it seems I'm blocked with that!

Would any of you could help me on that from what you experienced when openeing an account with paypal?

 

first of all, I do not know should I create a pay pal account for the US or Canada? I live in Canada. 

If I click the paypal link directly at the Udemy instrcution page, it takes me to a page to create paypal account. Howeve, there are only american and NOT Canadian postal codes out there. As a result, I cannot proceed with that.

 

and secondly, when I try to create an account myself online, it asks more do you want to create a paypal for people or business to receive money which is my case since this is how we get paied by Udemy. However, it asks me a business number. In fact, I don't have a business myself and though I don't have a business number.

 

I was wondering how did you create your account to get paied by Udemy? Did you have to create a business for that?

 

I appreciate any comments or hints related to this!

 

Thank you in advance and have a great day!

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Hi @bestlearn 
So you don't necessarily have a business to get paid by Udemy, you can apply paypal account as personal and can get paid .also, you can create account by manually going to Paypal site. 

Regards and All the best 

KS

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Hi @bestlearn 
So you don't necessarily have a business to get paid by Udemy, you can apply paypal account as personal and can get paid .also, you can create account by manually going to Paypal site. 

Regards and All the best 

KS

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Hi

 

Thanks for your helpful reply and sharing your experience. 

 

All the best,

 

LM

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Have u tried Payoneer ?

@bestlearn 

KS

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I wouldn't be recommending that @Karansetia!

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:face_with_tears_of_joy::face_with_tears_of_joy: Ok @DYay2810 

KS

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Why?

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Hi @Karansetia ,

 I think now it has become mandatory to upgrade to paypal business account as I got intimated from the udemy support team that they were unable to credit my 1st payment and they have received an error message from Paypal as: "RISK_DECLINE: This transaction was declined due to risk concerns."

 

Since I am also a new instructor, I have a quick question :

 

After upgrading to business account on paypal , for transferring the credited amount to my bank account from paypal, do paypal charges for the transaction ?

Or upgrading to business account and transferring money would be completely free??

 

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Hi

 

That's my question too. Also, when I checked online it seemed you should have a company to create a business account with paypal but not sure if it is an obligatory condition to create a business account or not? 

Is there anyone who has created a business account without having to have a registered company and was it for free or not?

 

Thanks

LawrenceMMiller
Community Champion Community Champion
Community Champion

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You definitely do not need to have a company to be paid by PayPal. Most Udemy instructors are simply individuals and they get paid through PayPal. 

 

Lawrence M. Miller
Author & Lean Leadership Coach

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Thanks. Do you know how long it takes to receive a payment through the paypal payment in a bank account?

LawrenceMMiller
Community Champion Community Champion
Community Champion

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I can only speak from the U.S. experience. When the payout appears in my PayPal account, around the 7th of the month, I transfer the money to my BankAmerica account and that transfer is immediate, within seconds. 

 

Lawrence M. Miller
Author & Lean Leadership Coach

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Hi ,

I'm writing from India about my experience regarding the concern, I have upgraded to Paypal business account as it seems that it has been made mandatory recently to receive payments from other countries. However, Upgrading to business account on Paypal is completely free...

Once the udemy payment gets credited on Paypal, it takes 3 working days to get transferred to bank account.

Hope this shall be clear :)

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Is there anything different for business account for taxation purpose ?

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Hi Larry
Therefore can I receive money from Udemy  with a personal Paypal account (not a business account)

Thanks

LawrenceMMiller
Community Champion Community Champion
Community Champion

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Yes. At least from the perspective of a U.S.  based instructor. Maybe other countries tax laws dictate a business account but I don't know why they would. It is personal income. 

 

Lawrence M. Miller
Author & Lean Leadership Coach

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ITS ONE OF THE SAFEST SECURE FORM OF TRACK AND PAY SYSTEM!

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