You need to have a Standard PayPal account to accept payments on your website. PayPal Website
- Your PayPal account must be active and verified by PayPal to work.
You do not need a PayPal business account.
The PayPal transaction fee is 4.4% of each sale, plus $0.30. More Info
PayPal support over 20 currencies. Learn More
You are not required to enter the PayPal API Credentials to accept payments. How to get PayPal Api username, password and signature information