Subject:
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Re: From the Not Good News department, PayPal has introduced "business accounts"
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Newsgroups:
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lugnet.market.services
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Date:
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Mon, 12 Jun 2000 15:55:11 GMT
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Viewed:
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992 times
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In lugnet.market.services, Larry Pieniazek writes:
> which are not free.
>
> See:
>
> https://secure.paypal.com/cgi-bin/webscr?cmd=p/gen/personal_vs_business-outsid • e
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> and note the ominous entry at the bottom under Rules ..
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> In order to reserve Personal Accounts for individual use only, we require all
> businesses to sign up for Business Accounts. Individuals may sign up for • either
> type of account.
>
> I have to go review their T&C to determine what constitutes a business but I
> have a sinking suspicion many of us will qualify. Certainly I will since I • take
> tax deductions for cost of inventory and expenses.
I have little knowledge of US tax law, do you mean you run the factoring
service as company?
Scott A
>
> ++Lar
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