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PayPal business account without actually having a business?

ChadMuska

New member
Sep 27, 2024
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Huntington Beach
Hi, I have two questions. I have a Romanian company and residence with a PayPal account that's roughly around 1 year old. I'll soon close the company, but I'd like to use the PayPal account a bit longer. Will PayPal report to the Romanian tax authorities about the transactions after the company closure?

Also, I've seen a lot of posts about rotating PayPal business accounts, how is this possible, don't you need several businesses to do this, or is there any way to set up a cloaked PayPal business account without actually having a business? I ask this since I ran into some guy on BHW that sold business PayPal accounts for 200 USD. The price seemed quite cheap, and I don't see how this will work since PayPal ask for business verifications.