RedRocket1647545505 Posted December 12, 2005 Report Share Posted December 12, 2005 Well, after avoiding it for the longest time, I'm finally setting up a paypal account. I'm just curious as to whether you think it is worth it to go for the premier account over the personal account? As far as I can tell, it appears the only difference between the personal and premier is that the premier can accept credit and debit card payments, but, all received funds are taxed 1.9-2.9% +$0.30. This doesn't sound bad at all for the convenience of being able to accept credit/debit cards (incase people don't have paypal?). Question is, how do people pay you with a credit card online? I'm a little confused on that part. Also, do you think it wise to open up a seperate bank account for paypal use only? An account with not much money in it, at all. (hell, I could use my normal account for that ) Any more paypal info you want to throw in, feel free. Quote Link to comment Share on other sites More sharing options...
Total Sign Posted December 12, 2005 Report Share Posted December 12, 2005 They enter their cc# into paypals site to send you money. I have premier, fees kill me. Almost $35 on a few transactions worth a little less than 1200. Seperate account, Never had a problem with paypal, had it linked to my account for 2 years without ever using it, and 2-3 years of use, never had a problem, does make money a little easier to spend. Then again, most banks now have the 0 liability. One nice thing about the paypal accounts is intrest. My banks savings acct is at 0.5%. Paypal, basically checking is at 4.05%. Quote Link to comment Share on other sites More sharing options...
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