Is a bank account necessary for PayPal Business?

[OmerXP]

Do I need bank account in PayPal Business ?

@Staff 

[Moira]

Hey @OmerXP,

Welcome to the Community!

With PayPal, you can create one Personal account and a Business account. You can link more email addresses, debit or credit cards, and bank accounts, but each account must have its own email address and bank account information.

Linking your bank account gives you another option to pay with the security of PayPal’s encryption and data protection. You can withdraw funds from PayPal to your bank account once you’ve linked your account. Learn more about setting up a business account with PayPal below:

• How to open a business account with PayPal - no website needed.

Tip: A normal process in owning a business is your partners (including the services you incorporate into your business) managing their risk, however, new entrepreneurs have difficulty navigating their way around these situations. If you find yourself with PayPal holding your funds you have some steps they recommend to follow here. The better you manage your business, the less likely it is you'll encounter difficult situations with your payment gateways. Don't forget that you can eliminate your transaction fees with us by adding Shopify Payments as a gateway (if supported in your country) option for your customers as well. 

Let me know if I can clarify anything further,