I am having one personal paypal account but its CC accepting limit (5) end.So I am planning to create a new paypal business or premier account.But I don't want to upgrade my existing personal acc since I can accept paypal for free with this. What u feel ? Is it possible to create multiple accounts ? Which one is better : Premier or Business ? Can someone plz make the transaction rates of premier and business clear ?
If you read the Paypal Agreement, you will know that you can have one personal account + one business or premier account. I don't feel anything about taking advantage of the one personal + one business/premier account rule. It just allows you to separate your personal and your business accounts. If you have a registered business with a bank account linked to your business then you should opt for a Business Account. If you do not have a registered business or a business bank account then a Premier account would be the way to go. It just reflect the type of business you are and each is no matter than the other. For the transaction fees, visit Paypal website and at the bottom of the pages, click on 'Fees' and it will tell you what you should be paying. Typically, it is 2.9% + $0.30 per transaction.
Yes, its good to create Premier and business accounts. But if you are thinking that CC transactions wont go over the count of 5 per year from the first acceptance, its better to continue with personal.
So for the transaction in premier account I need to pay 2.9% of the toal amount + $.30 ? So for $100 business I will get only $96.80 ? Is it for CC payment or for all including payment from other paypal ?
That is for all incoming money. The Personal account is not supposed to be used for business purposes and if you get too much payments, they will get suspicious.
I'd recommend only having one account, if you have two... they require ALOT more personal information, and if your not ok giving out your SS, Driver's licence, etc out.... One is the way to go.
I am from India and what I need to present them to get premier account ? When should I give them ? How can I send it ? Will t take a long time ? Can I have business within this period ?
Well, pretty much the same thing as with the Personal account. However, you cannot reuse the same email address or credit card. You can however use the same address, phone number and so on. If you sign up now, the Premier account would be active within a few seconds. However, it all depends on how long you take to get your account verified, ie by using your bank-issued credit card (new) to complete the Expander Use Program. Yes, you can start receiving payments almost instantly. The only thing is that you need to complete the verification process in order to withdraw more than the unverified account withdrawal limits.
But when once I try to create some account (I don't exactly remember which one) it asked me to submit my identification documentations. Why is it so ? Is it due to something happen ?
Like I say, when you create a new account, you need to verify it. They just want to be sure you are who you claim to be. So if you have nothing to hide then you have nothing to worry about.
PayPal is known for changing requirements or demanding documents at will. In other words, unless you're ready to send them copies of everything under the sun, including pictures of your merchandise, invoices, receipts, your drivers license, utility bills, copies of your business license, tax id etc... forget PayPal. Go Google Checkout!
Google Checkout is like 2Checkout.com and it is a one-way 3rd party payment processor. It is a simple account which acts like sort of a shopping cart and will receive payment on your behalf and pays you at an appointed time. It cannot accept anything apart from credit cards. Currently, it is only available to US residents. It is nothing compared to Paypal because Paypal is sort of an online currency which you can use to pay others with as such Paypal is a 2-way currency. Paypal allows you to use Paypal funds to pay others, Google Checkout does not allow funds earned to be used to pay anyone.
Google Checkout IMO sucks. I am all about Paypal. You can read all the TOS and needed documents on Paypal website.