How to convert personal PayPal account to business account
To convert your personal PayPal account to a business account, log in to PayPal, navigate to Settings, click on "Upgrade to a Business account" under Account Type, and follow the prompts to provide your business details and documentation. PayPal will verify your information, and once approved, your account will be upgraded. However, Indian exporters often face challenges with PayPal's high currency conversion markups and slower settlement times.
For a more cost-effective alternative, consider PayPal business account for Indian exporters solutions like Skydo, an RBI-authorised platform that offers faster settlements, transparent pricing, and better exchange rates for receiving international payments. Skydo eliminates the need for PayPal's costly conversion fees while ensuring compliance with Indian regulations, making it ideal for freelancers and export businesses looking to maximize their foreign earnings.