I would like to give away some software I have developed for free on a website as donationware, but rather than see my name when people donate, I would like them to see something more official like the name of the software or a company name.
Is this possible without spending the time and money necessary to legally form a business and set up a business account at a bank? (I plan to set these up later if I have any success, but not until then.)
I found this article that suggests signing up for a Paypal Premier Account and filling in my desired company name instead of my real name. The author claims that this does not require me to set up a business bank account.
EDIT: To be clear, he suggests putting in your desired company name under the first and last name fields. There is not a specific box that asks for company name. The example he gives is First Name: Acme, Last Name: Consulting. [/EDIT]
Is this a valid approach? Will I be able to withdraw my funds even though the name on my account is not my real name (as on my personal bank account)? Will Paypal ask me to verify the name or freeze my account?
If this method doesn't work, are there any other options?