Since you already have a Personal and Premier accounts, you cannot downgrade the Premier to a Personal account as under the TOS, you cannot have two Personal accounts. Basically, there is nothing much you can do. The two options available for you are :- 1) Do Nothing 2) Cancel your premier account
You aren't allowed to have two accounts. Regarding the downgrade, I don't see why you can't close the Personal account and just degrade the Premier account.
- Is it after I close the Personal account, that I get a DownGrade option in the Premier account? - I have money in the Personal a/c, cannot close it. I dont want to transfer that money to the Premier a/c, because of the fees.
Why don't you just transfer the money from the Premier to the Personal account as receiving funds in the personal account does not incur any fees. Once do you that, you can then go ahead and cancel the Premier account. If you do not want to do it this way, the best option is to contact Paypal directly and wait for their reply because from my understanding you can have only one personal account and if you do cancel it now, you will remove the right to start another even if it means downgrading your premier account now.
I contacted Paypal , they mentioned if I need to downgrade I should send them a reply, then they would do it.
On the contrary, you ARE allowed no more than two accounts. You may have one personal account, and one business or premium account. If you are incorporated then technically you could have 3 accounts, since the corporation would own one of the accounts.
No, you cannot do that. The User Agreement https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/ua/USUA-outside which you agreed on clearly states that you can have only 1 Personal Account + 1 Premier or Business Account. 2 Premier or 2 Business Accounts would be against the term of agreement which you agree on and may be grounds for having your accounts to be limited or terminated.