Account Types Explained

ClapPay offers two account types: Personal and Business. Choose the one that fits your needs.

Personal Account

Best for: Individuals managing personal finances

A Personal Account lets you:

• Send and receive money from friends and family
• Pay bills and make purchases
• Hold multiple currencies
• Get virtual and physical cards
• Access savings and investment features
• Send international transfers

Personal Account Limits

| Feature | Unverified | Verified |

|---------|------------|----------|

| Send per month | $500 | $10,000 |

| Receive per month | $1,000 | $50,000 |

| Wallet balance | $1,000 | $25,000 |

Business Account

Best for: Freelancers, entrepreneurs, and businesses

A Business Account includes everything in Personal, plus:

• Accept payments from customers
• Create and send invoices
• Set up recurring billing and subscriptions
• Multiple team members with different permissions
• Business analytics and reports
• Mass payouts to vendors or employees
• ClapPay Connect for marketplaces
• API access for integration

Business Account Limits

| Feature | Standard | Enhanced |

|---------|----------|----------|

| Receive per month | $100,000 | $1,000,000+ |

| Payout per month | $50,000 | $500,000+ |

| Team members | 5 | Unlimited |

*Enhanced limits available after additional verification*

Choosing the Right Account

Choose Personal if you:

• Only need to send money to friends and family
• Want to manage personal expenses
• Don't need to accept business payments
• Are an individual, not a company

Choose Business if you:

• Sell products or services
• Need to accept payments from customers
• Want to send invoices
• Run a freelance business or company
• Need multiple team members on the account

Switching Account Types

Upgrading from Personal to Business

You can upgrade anytime:

1. Go to Settings → Account
2. Click Upgrade to Business
3. Complete business verification
4. Your account will be upgraded within 1-2 business days

Downgrading from Business to Personal

Contact support to downgrade. Note that you'll lose access to business features, but your balance and transaction history are preserved.

Account Fees

• Personal Account: Free to create and use
• Business Account: Free to create; standard transaction fees apply

View full pricing →

Related Articles:

• Creating an Account
• Business Verification Requirements
• Switching Between Account Types