How to set up PayPal Business Account for Twitch Streamlabs Donations in 2023 (Step by Step)

In this video, learn how to set up a PayPal Business Account, so you can start accepting Twitch Donations with your Streamlabs account.
After you verify your PayPal business account and connect your bank account, then you can start accepting Twitch Donations on your Streamlabs account.
-- OTHER NOTES --
-You don’t need a business to use a PayPal business account. You can simply sell under your own name if you don’t have a business. Your own name is just used for taxes as a pass-through entity.
-If you’re NOT a USA citizen/resident and do NOT have a SSN (Social Security Number), you will have to select ‘Company’ instead of ‘Sole Proprietorship’ in Step 1 (03:15) of this video when it asks ‘Which describes your business best’. You will then have to enter in your EIN (Employer Identification Number) or ITIN (Individual Taxpayer Identification Number) instead of your SSN (Social Security Number).
-PayPal Business may take more than a week to get approved/verified
-Twitch/Streamlabs payouts usually are preset to $100.00 (So you won't receive a payout from Twitch/Streamlabs into your PayPal Business account UNTIL you have received more than $100.00 in donations)
-You will NOT get taxed if you NEVER receive any donations
-Twitch/Streamlabs payouts usually are preset to $100.00 (So you won't receive a payout from Twitch/Streamlabs into your PayPal Business account UNTIL you have received more than $100.00 in donations). Further, the FIRST time that you receive your $100 payout in your PayPal account, it may take longer to actually receive this money for verification purposes on PayPal's end, but after that, you should expect each payout to be processed instantly.
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- Video Markers -
0:00 Introduction
0:11 StreamLabs - PayPal Plus
0:32 Signup for PayPal Business Account on PayPal
0:52 Benefits of PayPal Business (Bank Statement Displays Business name instead of personal first/last name)
1:46 Optional: Create a new GMAIL account with a new email
3:04 Fill in the basics
3:16 Sole Proprietorship
3:30 Business Name (Aka 'Twitch' username)
4:18 Product/Service Keyword + Monthly Sales
5:12 Social Security Number + Date of Birth
5:34 Account created - confirm email address + connect bank account
6:13 StreamLabs - Connect/Link PayPal Business account
6:46 Final Words
#PayPal #PayPalBusiness #PayPalTwitch #PayPalStreamlabs
DISCLOSURE 1: I am NOT a tax expert. Please research your local tax laws and this video was made for entertainment purposes.
DISCLOSURE 2: We often review or link to products & services we regularly use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation.

[@simongondeck]

Hope you enjoyed this video. Let me know if you have any questions with how to set up your PayPal Business account for Twitch Donations below.

[@Kusanagi3400]

Dude I so glad you made this video thanks and good work

[@palinnie]

this help so so much! Thank you!

[@hansschmidt570]

Thanks so much man, solid tutorial.

[@simongondeck]

thanks!

[@Enoc63]

Hey man, do you know about the onboarding steps that the little (i) refers to beside the PayPal plus ?

[@KUWAMBO]

3:07 for the email do we put the email we just created or our personal email?

[@DripMaykr]

Sir im from india and ive made the business account also clicked on the connect button on paypal plus option on streaamlabs. but on the email and country page, india is not mentioned in one of those countries. what should i select?

[@VizorOnYouTube]

I have a problem regarding my residential address, I have already provided an electricity bill as proof but they declined it since it's not on my name, I live with my grandma and idk what to do for them to accept it. I can't even email them apparently... any solutions?

[@lazyboigaming4938]

What if it asks you to give a company website what do I do

[@giantfox7006]

What can I do if I don’t have a ssn or a itin number ?

[@trixiepixie837]

Hey what do you think of paypal randomly closing people's accounts and freezing their money? Has that happend to you when you are selling stuff or getting donations? and if it happend, do you have any advice to dodge their awful ban system :(

[@karolinagrunwald1590]

When I tried to do it today it advised me to place number for my customers to contact me? So I'm guessing it allows people who donated etc on twitch to see my number???

[@MozWeiner]

I think it's only if you make it publicly available for them to see

[@grimeyodb2526]

paypal will not show me any canadian provinces when I put in my adress, select canadian area code but cannot find a way to enter a canadian adress any idea?

[@simongondeck]

I recommend reaching out to PayPal support to see what address you can enter.

[@tiborbalogh5750]

Welcome! I have a problem that PayPal closed my account after the first donation. Did I screw something up? They said that paypal should accept it, so now I have to wait? (personal account). thanks for the reply. Sorry for the english google translate.

[@simongondeck]

Are you referring to your PayPal Business or PayPal Personal account?

[@elfrancito]

Saludos, que te dice Paypal exactamente?

[@AbeehaZainVlogs-ng6hu]

@@simongondeck kindly check my comment and reply

[@dopeboykb14]

Idk what to choose Individual or nonprofit

[@Solution_CC]

I hope you figured it out, but enter as individual, never nonprofit

[@Koniuu0]

So paypal requires me to give them my company registration number which I obviously dont have as twitch ;_; what now

[@barbarameier6201]

im having the same issue, did you figure it out?

[@AbeehaZainVlogs-ng6hu]

Hi simon . Sir i really want to talk u.. its about business... if u have any platform where i can contact u kindly tellme..