Paypal - Business or Personal

What does everyone mainly use on their directories?

Paypal Business?

or

Paypal Personal?

and how is it working out for you, as far as the fees go.

thanks

 

I have special rates with my business paypal and there are no restrictions on taking money out.

 

You need a business account to accept C/C funded payment (yes people do pay with C/Cs) and I think personal accounts have a receiving limit too.

 

I have Business account, as I can accept payment through credit card also.

 

I use premier account.. dont want to pay fees for sending payment.

 

I don't think I have ever had to pay fees to send money.. only receive money.. I started with a personal account

 

Fees for receiving money apply to both the Business and Premier accounts but not the personal accounts, but once signed up for the Bus. or Prem., any money received even in the Paypal account of the sender, gets fees taken out of it. Paypal lets one have a Business and a Personal account. But a personal account has those cc receiving limitations. None of the accounts charge fees for sending money.

 

Only in business account, you pay fees for sending

 

I prefer personal account, since I didn't register a company. But business account doesn't have limit in withdrawal of money.

 

thanks for the info everyone, i've also just noticed that personal has a limit of 5 transactions per 12 months.

 

That's credit card receiving transactions, yes. You would then have to upgrade to a premier or business account, plus it should be noted that on those 5 transactions you pay double the fees as you'd pay in the upgraded accounts. If you are looking to save money on receiving credit card payments, there are options besides paypal or the personal account.

 

if you want to use paypal "buy now" buttons then i think business is compulsary.

 

I use a personal account since my directory sales are not big in amount.

 

with personal account one can accept payments from credit cards from only 5 times.

 

to use for business you need a paypal business account - the rules say this.

 

I use both Personal, Business and a Business Pro account - gets confusing, as they all have different features and things you can and can't do with various account types.

 

yes i same with you....

dont want to pay fees for sending payment.

 

I use business account and I'm pretty much satisfied because it has no limitations compared to personal and premier accounts, the only consequence is paying fees for every transactions made.

 

i think the payer should be charged fees instead of receiver in all type of accounts.