Paypal: Do I need a special account to receive money?

Discussion in 'PayPal' started by finaldestination, Mar 27, 2009.

0
  1. #1
    I have a regular account with papal but i have never used it to receive money. Do I need a merchant account at pay pal to receive money say if i sell a domain name here or some content?
     
    finaldestination, Mar 27, 2009 IP
  2. nihangshah

    nihangshah Prominent Member

    Messages:
    5,536
    Likes Received:
    271
    Best Answers:
    3
    Trophy Points:
    395
    #2
    No. All kinds of paypal accounts have the ability to receive (and send) money.
     
    nihangshah, Mar 27, 2009 IP
  3. finaldestination

    finaldestination Guest

    Messages:
    212
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #3
    Thanks nihangshah
     
    finaldestination, Mar 27, 2009 IP
  4. onisforen

    onisforen Peon

    Messages:
    65
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #4
    if you want to safe for your paypal account . you should register a merchant account .
     
    onisforen, Mar 27, 2009 IP
  5. Digital_shubhi

    Digital_shubhi Illustrious Member

    Messages:
    11,524
    Likes Received:
    760
    Best Answers:
    12
    Trophy Points:
    405
    #5
    You can receive money in any type of paypal accounts.

    But the best one is Premier account as there won't be any limit in it. so that you can enjoy it totally. :)
     
    Digital_shubhi, Mar 27, 2009 IP
  6. taoqeer_altaf

    taoqeer_altaf Peon

    Messages:
    104
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    0
    #6
    I agree with shinto_cooldude shinto cooldude, Paypal charges upto $1 for any transaction you do.
     
    taoqeer_altaf, Mar 27, 2009 IP
  7. devmishra

    devmishra Banned

    Messages:
    239
    Likes Received:
    6
    Best Answers:
    0
    Trophy Points:
    0
    #7
    You can recieve money on any type of paypal account.
    If you verify it via Credit Card then money send and recieve limit will increase from 500usd in personal account.
    But while trading online its better to use premier account.
     
    devmishra, Mar 27, 2009 IP
  8. RightMan

    RightMan Notable Member

    Messages:
    8,294
    Likes Received:
    450
    Best Answers:
    0
    Trophy Points:
    205
    #8
    If you do not foresee using this Paypal account much, then you should better maintain your account to be 'PERSONAL'.

    It has limits on withdrawal as well as receiving CC funds, but then, you get to receive money, free of any transaction charges.... :rolleyes:

    Regards,

    RightMan
     
    RightMan, Mar 27, 2009 IP
  9. MayurGondaliya

    MayurGondaliya Well-Known Member

    Messages:
    1,233
    Likes Received:
    38
    Best Answers:
    0
    Trophy Points:
    170
    #9
    If you want to receive payments to your paypal account and also want to withdraw the funds periodically, you should use premier or business account. Personal account can receive moeny but it is specifically designed to buy online. Hence, using personal account for receiving payments is not good.
     
    MayurGondaliya, Mar 28, 2009 IP