PayPal merchant or current account?


I have a PayPal account mainly used for paying suppliers instead of accepting payments.
Should it be set in QuickFile as a merchant or a current account?
How to set the PayPal account type if frequently used both for paying suppliers and accepting payments?

I have mine set as a merchant account but as far as I can tell the only difference it makes is which section the account is listed under on the bank accounts summary page - it doesn’t affect how the account works or what type of transactions you can post to it.

Hi @corvinn

PayPal would be a Merchant account.

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