I wanted to try premium account on paypal and I changed my account type easily by looking "how-to"s of paypal. I see that basic account is better for me, and decided to turn into basic paypal account. But although I looked for the same how-to explanations on paypal, I can't find them. I am in doubt if it is not possible to change the account from premium to basic. Does anyone know/ is experienced?
Nope, you have to make a new account or close that account and re-open it. Personal is good if you don't use merchant tools since you don't have to pay any fee. However, if you are in business stuff and need payment from client then I suggest you stay with Premier because lots of clients pay with Credit Card/Instant. Yet, the $.30 + 1.75%-3% fee is very deep..>_>
You need to contact Paypal that you want to downgrade the account. I have read of similar cases , where PayPal has allowed people to downgrade the account. Calling them is the best option , else you can just email them. Thanks Ishan
Well, you are entitled to having two paypal account, one personal and one premier/business account. As you are fully aware that the personal account cannot be used to receive money for any sale of goods or services, keeping the premier account may not be a bad idea if you ever need to do that. The Personal account can only be used to send payment and maybe once in a while to get money from friends who owe you some money. If you want to downgrade, just contact Paypal through the Contact Us within Paypal of your intention and they will do it for you. You cannot upgrade the account later if you need to receive payments.