Hi All, I have a PayPal personal account and now as my clients insist on paying via PayPal (most of the clients use the cards for payment). As only 5 card payments can be received on a personal account i think I will now need to upgrade my account.... or can I just get the problem solved by getting my account verified ??? Can anybody tell me what is the procedure for verification as an Indian resident.. and if that would not be enough then for opening a Premium account?
yup,You can create another premier account to receive the payment from CC..There is no need to upgrade ur account
hi.. but will it be okay to use the same bank account for withdrawal of money? and the same address of course?
Well, the answer is no. You need to have a Premier Account to accept more than 5 cc payments. Better upgrade it and nothing else you need to do. And to verify your account you need a credit card. - Digital -
so... verifying my account will nt let me acept more than 5 card payments ... right? Well then .. how can I get my account verified? I heard that if I just send my copy of id and all it will solve the problem. Can I get it verified thru a CC ... but my CC has the address of Mumbai (where I was earlier living) and now I live in Lucknow and PayPal also has that address and bank account of Lucknow.... ???
Yup, you need to have a premier account. And ya if you have a credit card use it to verify you account. No problem regarding address. They won't ask for it. They only can ask for cc statements in future nothing else. - Digital -
Nope,Personal account can get the money from CC(JUST 5 TIMES/YEAR)..You should use premier account to reveive the money from CC
If you intend to receive more than 5 CC funded payments, you should definitely upgrade your personal account to a premier one. After the recent changes in the fee structure, even payments received in personal accounts are charged transaction fees and hence personal accounts has lost its relevance....imo For verification, you may verify your personal account with a CC and then upgrade to premier or upgrade to premier first and then verify, both the action would result in the same end result! Regards, RightMan
create new paypal account after reaching 5 CC limit... and use new paypal to recive money from cc... and move all money to old paypal acount from new one... do it as much as you need..
Well, PayPal isn't that much stupid. PayPal will limit all your accounts who are indulged in interchanging money. And you can have only 2 accounts on your name. SO, better don't play with them to be safe. - Digital -
Yes,you should upgrade it coz you cannot use personal account to do biz transaction. If you continue do so,your account will be limited soon.
Simple and Short answer is you have to open premier account for yourself if you want to receive more then 5 CC funded paypal payment. Thats all. DON.
So how do I upgrade to the Premium account? Will I need to get verified also or can it be done w/o verification? What are the aplicable charges? (for recieving/ withdrawing funds)?
And now according to New Policies .. You will be charged Fee for receiving payments from Paypal Funds aswell.. So What the use of Personal account anyways?.. Just Upgrade your Personal account to Premier imho.! Login to your Personal Paypal .. You will see the "Upgrade Account" Button in left. Click and Upgrade to Premier Account Fee per trasaction (Via CC or Paypal Funds) is 2.9%+ 0.30$ Though they have a new fee structure .. I am still confused! WithdrawingFunds to your Bank account is Free if you are withdrawing more than 7000 INR
Do you have a Verified Personal Paypal account right now?.. If yes than no .. you are already verified. If no, than yes.. you have to add a credit card!
so that means that I need to verify my account in order to upgrade it? does the verification need to be doe before or after upgrading. I am an Indian resident; is there any other for getting verified apart from using a CC?