I just upgraded to a Premier membership with Paypal and now every deposit I received I have to pay a fee. I was just wondering if the Premier membership is even worth it for me. I am a forum poster and article writer, so I get deposit all the time, some are really small deposits and some are quite large, but I never got docked a fee until I upgraded. Is it worth it to me? Can I go back down? Please help, because I am loosing money! Any advice?
You can register a new personal account to receive small payments and according to paypal rules it is not illegal to have one personal and one business/Premier account.
u shouldnt have if u dont get a lot of credit card payments, i used to get a lot of cc payments from people so i HAD to upgrade cuz i didnt have any cc payments left for a year lol - but dont worry, its just 3% and $0.30 lol, but they do add up
You can only accept paypal to paypal transfer payments and limited nos of CC payments with high fee in personal account. So you should have both type of account. If payee is paying with from paypal balance then ask him to pay at your personal account and if he is transfering funds using CC then ask him to pay you at your Premier account.
you can call paypal and ask them to make your account back to presonal account if you don't want to pay fee
I am not sure how many times I need to repeat this. Paypal is not a charity and like any business (including yourself), it would need to make money in order to pay for expenses and keep the business going. Thus the fees which you pay. In the end, what you do is to just factor the fees into your prices so you sort of do a pass-on to your customer, ie your cost + paypal fees > your price. If you want paypal to be feeless, would you be willing to be selling what you have at cost price or without making a profit ? If not then why fuss over paypal tiny fees ? Besides do you really want to see Paypal closed down because if they do not collect fees then they cannot pay expenses and they would not be able to survive in the long term when their capital runs out. The Paypal Personal account by definition and structure is never made for business and it is more one for a customer (ie make payments) and for peer-to-peer payments (like when your friend send you money to make something for you or to cover last night bar tab) those sort of things. That is why the Paypal Personal account is call 'Personal' and is relatively restricted. The Premier and Business account by definition are accounts which are made for the sake of those who use the account for business which means this is the accounts you should get if you are selling things and expecting to receive payments for them. Thus if you are in business, naturally you will need to pay a fees for using their service. If you do not want to pay a fee then do not use Paypal. That is why Paypal allows you to have a Personal account (for using to pay for your personal usage) and Premier/Business (for receiving money through your business). It is no so much an issue of whether it is worth the upgrade, it is your obligation to do the upgrade because you are using your Paypal account for a business. Besides the Premier account allows you to receive paypal payments funded from credit cards which means that you will have a larger pool of customer based especially from those customers who do not sell anything by choice or by country. For me, I never have existing Paypal funds and when I pay, the money comes from my credit card. If you cannot accept credit card payments via Paypal, you will lose a huge chunk of the market because there are more buyers then sellers on Paypal. So yes, it is worth the fees. Just factor the few cents from the fees into your cost like the rest and you do fine.