Paypal questions!?

Discussion in 'PayPal' started by ProgMania, Mar 22, 2007.

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  1. #1
    Okay I just upgraded to business account.. Is it good or bad?
    Before I didnt pay for fee but Now I do, because I have business. But paypal told me that I only could receive 5 payments/sends to my acc.. True?


    Thanks for the help. Im new to paypal
     
    ProgMania, Mar 22, 2007 IP
  2. Disguised

    Disguised Notable Member

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    #2
    Upgrading to a business account increases the privileges you can have with a PayPal account. Having a business account is not bad at all but the last part of your post is really confusing. Who told you that you can send/receive only 5 payments with/to your account? There is no limit to sending/receiving money from your business account.

    Regards
     
    Disguised, Mar 22, 2007 IP
  3. ProgMania

    ProgMania Active Member

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    #3
    It said that when I got the personal account.. thats why I upgraded so I can receive more than 5 times..
     
    ProgMania, Mar 22, 2007 IP
  4. bnts

    bnts Well-Known Member

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    #4
    When you had personal account, you can only recieve 5 CC payments (not Paypal funded payments). After upgrading to Premier or Business Account, that limit will be lifted :)
     
    bnts, Mar 22, 2007 IP
  5. ProgMania

    ProgMania Active Member

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    #5
    Yeah but then I also pay fees right?
     
    ProgMania, Mar 22, 2007 IP
  6. bnts

    bnts Well-Known Member

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    #6
    Yes, every time you receive fund, a percentage of the amount will be deducted as paypal transaction fee. But you get lot more facility with Premier or Business accounts than a personal one :)
     
    bnts, Mar 22, 2007 IP
  7. eddy2099

    eddy2099 Peon

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    #7
    No, a personal account allows you to receive unlimited payments as long as the other party pays you with existing paypal funds. You are only restricted to 5 credit card payments a year.

    The Personal account was never made for people who receive funds on a regular basis, ie for business purposes. It is more for customers who use Paypal accounts to buy things from thus the incoming restriction.

    A Business or a Premier account are made for people who sells things and yes, you do pay a fee for each incoming transaction but that is a normal cost of business. Thankfully, Paypal is amongst the few companies which charges you low rates below the standard industry rates for transactions.

    The difference between a Business and Premier account is that a Premier Account is for an individual who wants the full benefits of Paypal and the Business Account is for registered business. A Premier account can withdraw funds in their own name and a business account allows you to withdraw in your business name.
     
    eddy2099, Mar 22, 2007 IP
    Disguised likes this.
  8. ProgMania

    ProgMania Active Member

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    #8
    Good info thanks + rep
     
    ProgMania, Mar 22, 2007 IP