I believe all PayPal accounts can send and receive $. In order to actually get that $ to your personal bank account, you need to become verified. I just went through this process, it's very easy. You just need to provide you bank info to PayPal and they'll make a small deposit. Verify that deposit w/ PayPal and you're all set! Keep in mind though that PayPal charges a small fee for credit card payments (something like 1.5 to 3%) and I believe you need to be a Premier (ie verified) member to accept credit card payments.
