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PayPal $100 Bonus Offer for Opening a PayPal Business Account

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PayPal $100 Bonus Offer for Opening a PayPal Business Account
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easternculture on 14/02/2013 - 12:48 paypal.com.au (1043 clicks)
Last edited 14/02/2013 - 14:07 by 2 other users

Mod: An ABN is required for a business account. Also note that having multiple Paypal accounts may put your accounts up for risk of being frozen.

PayPal is Australia’s favourite way to pay online*. By making PayPal available to your customers, you’re ensuring their payments to you are safe and secure, while providing them the flexibility to pay from their PayPal balance, bank accounts or credit cards. Find out more about PayPal’s business solutions.

Three steps to redeem your $100 bonus*!

  1. Register below
  2. Sign-up to open a PayPal Business account
  3. Receive your first payment into your account by 31 March 2013

Be quick, you need to have registered and opened your PayPal account by 25 February 2013!

Terms and Conditions

  • When compared to other payment systems and individual credit card brands, Nielsen Brand Tracker Q3 2012.

  • To be eligible for the $100 bonus you must visit http://www.paypal.com.au/offer100 to register your email address, open a PayPal business using the same email address you registered by 25th February 2013 and receive at least ONE PayPal payment via Express Checkout, VT, WPS or Email Payments before 31st March 2013.

  • If you are eligible for the bonus, $100 will be credited to your PayPal business account by 31st May 2013.
  • There is a limit of one bonus per PayPal business account.
  • Your PayPal business account must be in good standing (that is not closed, limited or restricted) at the time the credit is paid out by 31st May 2013, otherwise you will be considered ineligible for the bonus.
  • This bonus is not available to existing PayPal business and premier account holders.
  • The credit provided must be used in accordance with PayPal's User Agreement and its incorporated policies.
  • There may be a pre-approval process to use some PayPal products
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closed Comments

  • c64 on 14/02/2013 - 12:49

    what's the difference between a business account and a normal account?

    • ZRXS12 on 14/02/2013 - 12:51
      +1

      a business account is for a business :)

      • c64 on 14/02/2013 - 12:56

        sign up for business account using abn, make a small payment from another personal account to business account, profit?

        • shmahoo on 02/03/2013 - 17:32

          the underpants gnomes would be proud of you

  • Holysmoke on 14/02/2013 - 12:50
    +1

    To be eligible for the $100 bonus you must visit www.paypal.com.au/offer100 to register your email address, open a PayPal business using the same email address you registered by 25th February 2013 and receive at least ONE PayPal payment via Express Checkout, VT, WPS or Email Payments before 31st March 2013.

    If you are eligible for the bonus, $100 will be credited to your PayPal business account by 31st May 2013. There is a limit of one bonus per PayPal business account.

    Your PayPal business account must be in good standing (that is not closed, limited or restricted) at the time the credit is paid out by 31st May 2013, otherwise you will be considered ineligible for the bonus.

    This bonus is not available to existing PayPal business and premier account holders.

    The credit provided must be used in accordance with PayPal's User Agreement and its incorporated policies.
    There may be a pre-approval process to use some PayPal products

  • kolorijo on 14/02/2013 - 12:52
    +3

    now to find a business…

    • easternculture on 14/02/2013 - 12:54
      -5

      they dont ask for an ABN

      • daniel46211 on 14/02/2013 - 13:41
        +1

        Yes they do…

      • Holysmoke on 14/02/2013 - 13:41
        +1

        ABN is required in the next step when you sign-up for the actual paypal account

  • Twisty on 14/02/2013 - 12:58

    Just make one up?

    • easternculture on 14/02/2013 - 13:02

      Thats what i did
      new email address, fake name
      Their not going to ask for an ID unless your account balance is over $1000

    • crayner on 14/02/2013 - 13:03
      +5

      Dibs on Vandelay Industries, Importer & Exporter.

      • nahi11 on 14/02/2013 - 13:55

        You need a ABN? I think they will check and verify the ABN with the details before depositing the $100.

        • Horizon on 14/02/2013 - 14:46

          Just registered without an ABN.

          Didn't ask for one.

      • altomic on 14/02/2013 - 17:36

        Dibs on Sheinhardt Wig Company

  • leeroys_dad on 14/02/2013 - 13:03
    +4

    BEWARE! if you are creating a third or more account, paypal WILL close and restrict all accounts and you will not be able to appeal the decision. you are only allowed 1 personal and 1 business account IIRC.
    i'm all for bargains and free cash but i will not mess with this offer

    • viper8548 on 28/02/2013 - 15:06

      yes beware this looks like another paypal scheme to have an excuse to lock your funds, do NOT have more than 1 business accounts paypal will freeze your credits and you will not be able to get your money back.

  • Sveta on 14/02/2013 - 13:07

    Does anyone know if it's possible to make a business account and personal account with the same email address? Or do I need two different email addresses?

    • leeroys_dad on 14/02/2013 - 13:13
      +1

      two different

      • Sveta on 14/02/2013 - 13:33

        Thanks! Would I need to provide an office address as well as a home one? Because mostly I work from home.

  • WesfromRayWhite on 14/02/2013 - 13:07

    Hi there - can I use my home address when I open up a business account?

  • justtoreply on 14/02/2013 - 13:08

    Query: Will selling something on ebay (to receive a paypal payment) work? I'm guessing it won't (because it's not paypal EXPRESS checkout).

    • easternculture on 14/02/2013 - 13:12

      and receive at least ONE PayPal payment via Express Checkout, VT, WPS or Email Payments before 31st March 2013.

      so you can ask someone to make a $1 email payment , its that easy

      • alvian on 14/02/2013 - 13:26
        +1

        I foresee another ING referral madness coming soon on OzB (although on a smaller scale).

      • alvian on 14/02/2013 - 13:27

        (accidental double post, sorry)

  • hellothankyou on 14/02/2013 - 13:18

    Sounds good, thanks for the post.

  • Jabba the Hutt on 14/02/2013 - 13:37

    "This bonus is not available to existing PayPal business and premier account holders."

    My existing personal account is a premier type, so the above condition puts a question mark over whether I'd receive the bonus if I open a new, separate business account.

  • tae on 14/02/2013 - 14:15

    Also with email payment there is a charge if paying via credit card
    https://cms.paypal.com/au/cgi-bin/marketingweb?cmd=_render-c…

    EDIT : 2.4% + 30cents

  • bonky on 14/02/2013 - 15:37

    I have created an biz account….. so I will pay my paypal (normal one) $100 buckroonies!! SCORE! thanks OP!

  • Twisty on 14/02/2013 - 15:54

    They asked me for a ABN

  • jackofspade on 14/02/2013 - 15:59
    +3

    Is there suppose to be any confirmation after you click 'Submit' to register?

    • wellzi on 14/02/2013 - 16:34

      I didn't get one either :\

  • wellzi on 14/02/2013 - 16:34

    Whoa, twice as good as the "Get $50.00 free when you sign up" that ING were offering. Have just upgraded to a Business account then, and yes, ABN was required. Can't wait for some more free cash :D

    • IVI on 15/02/2013 - 01:17

      Actually, if you use ING's 5% back, whenever you use "Wave & Save" terminals, through end of June 2013, you'll win 5% from a potentially unlimited number of transactions (up to $99 each) in the remaining weeks.

      (By contrast, the PayPal offer is 1-off.)

      • wellzi on 15/02/2013 - 10:06
        +1

        But that would mean I have to spend money! :)

  • bonky on 14/02/2013 - 16:36
    +1

    does anyone get some sort of confirmation when you register for the offer?

  • HereYeeHereYee on 14/02/2013 - 18:50

    Is there a catch? (hidden fees or etc) I have an ABN number.

    • Buff on 14/02/2013 - 19:30

      Yea if you sell something you have to pay income tax every financial year.

      no thanks

  • seek on 14/02/2013 - 20:12

    I like to know the same if there is any fee associated with each business transaction.

  • seek on 14/02/2013 - 20:14

    To meet this criteria:

    "receive at least ONE PayPal payment via Express Checkout, VT, WPS or Email Payments before 31st March 2013"

    Does the person sending the payment require a paypal account?

    • bonky on 15/02/2013 - 14:35

      I sent (via the biz paypal) myself a invoice to my normal paypal email addy…. to which i paid the invoice on my normal paypal…

      so I think I have done what is needed to active the offer (got charged 54c tho!!)

  • IVI on 15/02/2013 - 01:18

    Does (or will) PayPal (soon) -charge- any fees (eg, monthly/acc't-holding or usage fees for each transaction) for each Business Account?

    • mycosys on 19/02/2013 - 17:12

      no periodic fees, but varying transaction fees on monies recieved - generally 2.4% + 30c per transaction

  • alvian on 15/02/2013 - 14:49

    I am a PP Biz newbie and I too am concerned about fees. Digging a little deeper shows these fees. Please correct me if I misunderstood. Assume domestic transactions and no international credit/debit cards.

    Monthly fees

    • Free for "add a checkout", "Express Checkout", "Sell on eBay", "Invoicing", "Digital goods"
    • $25 for "Customised checkout", "Sell by phone"
    • Varies for "Payment gateway"

    Transaction fees

    • Money transfer without buying goods & services: Free if entirely funded by PayPal balance or bank account, $0.30 + 2.4% otherwise
    • Pay for goods & services: Free
    • Receive money for goods & services sold: $0.30 + 2.4% (for sales below $5000 per month)

    The question is what does PP mean in Step 3: Receive your first payment into your account by 31 March 2013? Payment as in free money transfer, or payment as in $0.30 + 2.4% thank you very much.

    • Twisty on 15/02/2013 - 15:15

      yer what payment must be made?

  • bonky on 15/02/2013 - 15:00

    im just gonna get the cash and run!!

  • RemoteMan213 on 18/02/2013 - 09:01

    Registered and sent a payment of $1 from my personal account. Now just have to wait till May lol…

  • yht on 18/02/2013 - 22:50

    Do you have to put $1? Can I put only 10 cents to be eligible for the offer?

  • Twisty on 26/02/2013 - 16:42

    did anyone else get asked for a ABN?

  • pepsicles on 28/02/2013 - 23:57

    I have a question.

    I'm recently started selling on eBay with an eBay store and all. In the last 120 days, I've sold >$20k worth of products so far.

    Haven't really touched into Paypal's business account yet, just been using my own personal one.

    Would now be a good time to open a business account with this deal? I'm afraid if i open one I'll have to start paying tax and all.

    • easternculture on 01/03/2013 - 00:08

      if you sell over 20k on paypal, they are obligated by law to pass on your details to the ATO (including ebay username, paypal email address, you address on paypal/ebay, your telephone numbers, you selling activity, etc etc). SO im assuming the ATO already know about your activity on ebay and will question your tax return

      http://whrl.pl/RcrAQM

      • pepsicles on 01/03/2013 - 09:34

        hmmm guess i need to declare it in my tax return this financial year.

        I may as well open a business account and make use of this offer from paypal right?

        • easternculture on 01/03/2013 - 09:54

          make sure u keep a detailed record of your net earnings and ebay/paypal expenses (tax deductible)

  • coolsteps on 08/03/2013 - 08:51

    Has anyone called them up to check to see if you receive a personal payment (ie no fees deducted) from someone you qualify for the $100 or does it need to be a commercial payment with fees deducted? would also invoicing someone qualify?

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