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Stupid EBay/Paypal Question?(5 posts)

Stupid EBay/Paypal Question?TWD
Mar 12, 2003 9:36 PM

Here's an easy question for those of you who are fluent in Ebay/Paypal and such.

Can any seller with a personal Paypal account accept payment if I use a credit card, or can only businesses do that?

One section of Paypal's website makes it look like private accounts can accept credit card, and another makes it look like they can't.

Also, what about fees? Do the fees only apply to business accounts?

I'm confused. Can somebody point me in the right direction?
re: Stupid EBay/Paypal Question?config
Mar 13, 2003 3:31 AM
Both parties need to have a Paypal account in order for the transaction to work.
re: Stupid EBay/Paypal AnswerMatno
Mar 13, 2003 3:38 AM
Any PayPal account can accept direct payments (from a PayPal balance or a bank account). Only "Premiere" accounts can accept credit card payments. You don't have to be a business to have a Premiere account, you pretty much just have to sign up. (And be verified). If you do accept credit card payments, you will be charged a fee. Unless you're a large business with the "merchant's rate" you will be charged something like 2.8% + $.30 (I'm not sure exactly).
Just click on the "Fees" link on PayPal's homepage. You should be able to find a more detailed explanation there. (Just pay attention to the type of account being referred to and it should be a little more clear, although sometimes they try to "hide" the fees by making it seem like there are fewer than there really are. Not outright deceptive, but certainly slightly misleading).
Thanks. (nm)TWD
Mar 13, 2003 9:48 AM
beware of PaypalLeroy
Mar 13, 2003 7:00 AM
Today I am filling out and mailing a 'forgery affidavit' about several hundred dollars of bogus charges for my credit card company after the number was stolen and used off paypal. Paypal is not secure. Just a heads-up.