PayPal accounts are divided into two types: shopping accounts and merchant accounts (individuals/businesses). Users can register according to the actual situation, and the shopping account can be upgraded to a merchant account.

1. Shopping account:

① Suitable for individuals who mainly buy online.

② Buyers usually don't need to pay handling fees, but they may need to pay currency exchange fees when conducting cross-border transactions.

③ Shopping from millions of online stores around the world.

④ Eligible transactions enjoy PayPal buyer protection.

2. Merchant account (individual/enterprise)

① Applicable to individual merchants and enterprises mainly engaged in collection.

(2) Successful collection requires payment of transaction fees.

③ Support users to accept payment in more than 100 currencies in more than 200 markets.

4 Eligible transactions can enjoy PayPal seller protection.

Tips: The above contents are for reference only.

Response time: February 8, 2022. Please refer to the latest business changes announced by Ping An Bank in official website.