Joint PayPal account is quite popular for those couples and business partners that want a single PayPal wallet. And if you are interested in this feature, you have come to the right place to learn about it. In this MoneySlack article, we will teach you how to create a joint PayPal account. And perhaps, we can tell you some important information that might be useful as well.
What is Joint PayPal Account?
The Joint PayPal account is a type of PayPal account that is shared by two or more people. This way, there will be only one PayPal account with multiple users allowed to access it.
This type of account is only available and accessible with a business account. So if you want to avail the Joint PayPal account, you will need to upgrade from personal or premier account to business account.
The Joint PayPal account is best for business partners or business architectures that require a shared account. This is good for monitoring incoming and outgoing money on-the-go.
How to Get a Joint PayPal Account?
As mentioned earlier, you will need to have a PayPal Business account. If you have not upgraded to business account yet, please do so first.
If you are already on a business account, we can proceed now. Please do follow the instructions carefully.
Step 1: On your laptop or PC web browser login to your PayPal account. Use this link to get there now: https://www.paypal.com/
Step 2: From your PayPal main dashboard, click on the “Settings” button. It is the one with the gear icon next to the “Log Out” button on the top-right corner of the screen.
Step 3: Go to the “Account Settings” panel.
Step 4: Under the “Account Settings” click on the “Additional Owners” button. See the picture for reference.
Step 5: Once you clicked on the Additional Owners, you will be redirected to a new page that requires the new user’s personal information. Kindly fill up all the needed information before clicking the “Save” button.
Step 6: On the next page, you will need to identify the new user’s privileges or the limit of access you are willing to provide to that new user.
Step 7: Click on the “Save” button to confirm.
That’s it. You now have a Joint PayPal account that you can share with other people. This is useful for small companies, couples, friends, and other co-op arrangements.
The Joint PayPal account is a good way to share PayPal as a virtual wallet. It is easy, secure, and useful for many circumstances. The only issue is for when the new user does something uncalled for or mischievous. So it is wise to consider the access privileges that you want to share carefully.
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