Suggest me: PP Personal Account VS Premium Account

Discussion in 'Payment Processing' started by cybercoder666, Nov 26, 2008.

  1. #1
    I need some suggestion on which account to pick between PayPal Personal Account VS PayPal Premium Account. I hate their incoming fee system ... lol.

    However, my criteria's are below;

    - I receive almost 5 - 10 transaction per month.
    - Total volume per month could be $2000 - $3000.
    - I would like to withdraw them at once (if paypal allows).
    - I would like to withdraw them in bank account (U.S) verified.

    Please suggest me which one to pick.

    ** Also, can I open both personal and premium account with same bank account or same debit/credit card?

    Best regards
     
    cybercoder666, Nov 26, 2008 IP
  2. Chancey

    Chancey Well-Known Member

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    #2
    You can't apply for a personal account because the limit for a personal account is only $500.
     
    Chancey, Nov 26, 2008 IP
  3. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #3
    Do you receive credit card payment as well :confused: If yes then you have to go with premier account.

    Yes you can have both paypal accounts (one personal account and one premier/business account).

    DON.
     
    deluxdon, Nov 26, 2008 IP
  4. CineTube

    CineTube Peon

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    #4
    If you are using paypal to accept lots of credit card payments then you should go for Premier Paypal account. If you have any services you should upgrade for Business Account.
     
    CineTube, Nov 26, 2008 IP
  5. dota

    dota Banned

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    #5
    use business
    you are same with me
    easy
     
    dota, Nov 26, 2008 IP
  6. cybercoder666

    cybercoder666 Peon

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    #6
    Any idea, what do I need to have a Business account?
     
    cybercoder666, Nov 26, 2008 IP
  7. dota

    dota Banned

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    #7
    yes... because if you have big business .u must use business account
    paypal doesn't allow personal account more than $500..although premier
     
    dota, Nov 26, 2008 IP
  8. allout

    allout Prominent Member

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    #8
    You just need a Premier Account unless you are a registered business. Personal will not work if you do anywhere near the volume you think you might. Also there are many tools to help in a Premier also offers many premium tools that are not available for personal accounts.

    I suggest you start here and read through the help and FAQ section before you sign up. You will then know what you can and can't do and it is always a good to read all policies before signing up for anything.
     
    allout, Nov 26, 2008 IP
  9. braveman

    braveman Banned

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    #9
    if most of money you are receiving from out of country then you should go for premier account as personal account take more commission for internation transction
     
    braveman, Nov 26, 2008 IP
  10. primecrest

    primecrest Peon

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    #10
    this kind of money... i think a business account is more appropriate.
     
    primecrest, Nov 26, 2008 IP
  11. nitinleew

    nitinleew Well-Known Member

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    #11
    Personal Account just for friends and family..If you want make money online,You should use Premier/business account..
    Yup.. paypal allows 2 accounts per person..(1 personal & 1 Premier/business )
     
    nitinleew, Nov 26, 2008 IP