When buying and selling gear online, you can run into all sorts of scams. UK-based photographer Joanna Rose Hufton recently fell victim to one that makes use of a Paypal loophole. She sold her £1,300 camera through eBay, but due to the scam, she was quickly left without both the camera and her money.
Old Fashioned Bank Accounts Cost Your Business Time And Money – Why Not Use PayPal Instead?
I have been using PayPal for almost all my business transactions for years now – however, I recently had to (briefly) open an old fashioned business bank account for a special project I was working on.
I was amazed at how expensive and useless a regular business bank account is compared to PayPal!
There were service charges for everything, on top of a monthly fee – and I couldn’t do half of the things I’m used to doing with ease with PayPal.
Now obviously, if you’re a large corporation, there are reasons why you might need an old fashioned business bank account – but for the vast majority of sole proprietor creative professionals and other small business owners, PayPal is a much more useful alternative to traditional banking.
Here are three reasons why I use PayPal for my business banking and not a old fashioned business bank account…
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