I am planning of openning a shopify store. One of the ways to receive payment is via paypal. As i have currently individual setup, do i need to change it to business to receive payments from customers?
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Nick here from Shopify. Great question!
To be able to use PayPal as a payment gateway for your store, you would need to change it from a personal account to a business account. Most functions and tools provided by PayPal for business owners are only available when using a business account. Shopify has a help guide that touches on this and lots more regarding setting up PayPal as a gateway which you can read here.
You can go here on PayPal to create or switch your account to a business PayPal for this. I hope this answers your question, let me know if you have any others!