When I decided to find more freelance sites, I find it a requirement to maintain a Paypal account to collect the earnings from several different sites. The great thing about Paypal unlike before is that it could get earnings directly to any Philippine bank account through electronic funds transfer. (The banner below should help you sign up with a new account.)

Sign up for PayPal and start accepting credit card payments instantly.

Some new users are confused with which Paypal account to use. Paypal offers three types of accounts: personal, premium and business accounts. I own a personal and a premium account – this is allowed by Paypal as stated in their terms of service.

The Difference

Paypal personal account is the one to use when simply collecting earnings from freelance sites. It can also be used for online purchases too. There are so many merchants that accept Paypal payments. Receiving funds from other Paypal accounts (Paypal balance, instant transfer and eCheck) are free. It is possible to receive funds from credit or debit cards for a limited number of transactions. Withdrawal limits for these accounts are limited too.

Paypal premium and business accounts are made for those who do businesses such as those in eBay. This is probably why Paypal charges less for receiving funds from debit and credit cards. Unlike Paypal personal accounts, these accounts accept an unlimited number of payments from these cards.

Collect Payments Using Paypal Personal Accounts

I would highly recommend using a Paypal personal account when simply taking off earnings from several freelance sites. If you are into mass payments and selling transactions then simply use another Paypal premium or business account.

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