Accept payments with Stripe having personal account

[agungbule]

Hi there!
I'd like to check with you few things, would be great to hear your feedback.
I am just beginning with my online business (online school), I would like to accept payments with my personal(individual) stripe account (EU resident). Later on when I start getting payments I plan to send them to my personal Revolut account.
1) What is the limit for receiving payments?
2) When will I potentially get troubles? (eg. Local taxes, blocking my account)

Thanks a lot!

P.S. Is there any other way to accept payments by being an individual?

 

[Sols]

That's fine. It's possible to open a Stripe account as a natural person. You might⁤ need to be a sole proprietor, though, but that's a pretty simple registration.

There is no limit,⁢ but if you process large sums or grow quickly they might ask for supporting documents︀ (agreements, invoices).

No, of course not. Just pay your taxes and you'll︂ be fine.

Blocking of the account shouldn't happen as long as you can provide all︃ supporting documents they might ask for, and provided that what you do is compliant with︄ the terms and conditions.

Depends on volume. If it's no more than︆ a few hundred per month, a personal account with PayPal is usually fine.

Otherwise, if︇ your customers are comfortable with it, crypto is easy.