Can You Have Multiple PayPal Accounts? [PayPal 101]

Can you have multiple PayPal accounts? In short, yes. But there are important nuances you need to be aware of before attempting this.

In this article, we’ll share the specific nuances and help you decide if opening multiple PayPal accounts is best for you.

Alternatively, if you’re a foreigner looking to create a US PayPal account from abroad, you may want to start with our free PayPal guide.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. Can You Have Multiple PayPal Accounts?
  2. PayPal Account 101
  3. Frequently Asked Questions
  4. Ready to Explore Your Options?

Can You Have Multiple PayPal Accounts?

You can have multiple PayPal accounts, including one individual account and one business account. This is the maximum number of accounts users can maintain at one time. Importantly, both accounts will need to be associated with a different email address.

Creating Multiple PayPal Accounts

Of course, there are tactics to circumvent PayPal’s limit on the number of accounts that you can have. However, we do not recommend any of them. In fact, using such tactics is a sure way to have your accounts closed or funds frozen.

For example, other sources refer to using “stealth accounts” in order to create multiple PayPal accounts. A “stealth account” is an account that uses unique identifying information (e.g. address, phone, email, etc.), essentially pretending to be a different person. Again, we strongly suggest that you do not do this.

Stealth accounts (along with all other tactics to open multiple accounts) are against PayPal’s terms and conditions. If you choose to use such tactics, it will likely result in your funds being frozen and eventual account closure.

So, if you don’t want your money to be frozen or your accounts to be closed, it’s best to open the maximum number of accounts. If you require additional accounts for any reason, you should consider using an alternative financial institution.

PayPal Account 101

PayPal is widely seen as an alternative to traditional bank accounts. However, its true function is to operate as an online payment provider. In short, PayPal allows individuals and businesses to send and receive transactions.

Unfortunately, many individuals and businesses choose to use PayPal as an account for storing value. In other words, they maintain high balances in their accounts. It’s important to note that there is a lot of risk in doing this.

We have seen many instances where individuals have had their accounts flagged, frozen, or withdrawals paused due to compliance issues, questions related to transactions, or incomplete account information.

Importantly, account freezes and withdrawals being paused is not a PayPal specific problem. These issues commonly arise when fintech and transfer services are being used to store value instead of their intended purpose of facilitating cross-border transactions.

With this in mind, if you are looking for financial accounts to store funds over time, you should be considering one of the many banks that offer flexible account opening, strong online infrastructure, and allow for opening remotely. If this is something you’re interested in, you can learn more about how GlobalBanks IQ can help you navigate your options below.

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Frequently Asked Questions

Below are two of the most common questions that we receive from people wondering if you can have multiple PayPal accounts. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.

Can I Have Two PayPal Accounts With the Same Phone Number and Profile?

You can have two PayPal accounts with the same phone number and profile if one of the accounts is a personal account and one of the accounts is a business account. However, you will need to use different email addresses when setting up the two accounts.

Can I Have Two PayPal Accounts With the Same Bank Account?

You can have two PayPal accounts with the same bank account. However, this requires special approval from PayPal. To request approval, you will need to contact the PayPal customer support team and explain your reasons for this requirement. After approval, you can proceed with adding the account directly to the second account.

Ready to Explore Your Options?

If you would like assistance navigating your banking options in the United States, we can help.

You can access GlobalBanks USA, our dedicated US account opening service, in just a few clicks.

GlobalBanks USA involves 100% personalized account opening service that taps into our team’s expertise and provides direct banker introductions.

Of course, if you have any questions before deciding whether you would like to move forward, don’t hesitate to contact us.

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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