I received 7 payments today of 1$ and 2$. I am a unverified buyer at paypal as I have not added a credit card. Also paypal automatically accepted the payment from 6 but did not accept payment from 1 person , when I click on accept it gives me the following message. Quote: Now which option is beneficial for me. Will there be be some amount cut from my paypal money?? how many times in a year will it be cut, Please I need someone to explain the message! I want to know about how will they charge me and when? Also should I upgrade or no?
That means that the last person paid with a credit card. You can only accept 5 credit card payments per year without upgrading your account to a business account. If you stick with a personal account, they'll charge a higher percentage from this payment, but if you upgrade to business, they take out a percentage of most transactions. Best Regards.
So which do you think is beneficial, if I keep earning 2-3$ every week? also the income to my paypal is not regular? Do you think they will charge for every transaction that i make after upgrading? I want to accumulate my earning in paypal till it reaches a higher amount and then withdraw it through a bank... will I be charged for keeping money in paypal for long? I need to clear these things as I am new to Paypal and have already money in it!
1 - No monthly fee then you can keep money in your account forever (until PP die LOL ) 2 - The fees are applied to ALL transaction TO (not from) you when you withdraw Hope this help!
Omg, its so confusing when I'm doing it for the first time, So buileminh, which option do I choose, second or first.
If you are earning money then you should be upgrading your paypal personal account to a premier account. Make sure that you raise your fees to cover the paypal fees while you are at it. Make sure that you get your paypal account verified or else you may not be able to withdraw the money you earn after hitting the limit.
Is credit card the only way to verify the account, what if I add bank details? Also what is the limit for a normal free account?
Well, it depends on which country you are from. In the US, you use a bank account to verify your account and then a credit card to raise the limit. In Australia, I believe it is about the same thing. For most of the rest of the world, credit card is the only way to verify your account.