Go Back   Computer Forums > General Computing > Hardware
Click Here to Login
Join Computer forums Today


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 08-07-2008, 10:02 AM   #1
Ams
In Runtime
 
Join Date: Jun 2007
Posts: 110
Default Paypal questions please help.

What is the main difference between premier and personal accounts? And if I have a premier account will there be any monthly or yearly charges if I don't use it? And I was making it just so that I could get donations and stuff so would there be any taxes? So if I got $5 a month for admin on a server and I put that in my bank will I get $5 and not $2.75 or something? Would a premier or personal account be better for recieving money and transfering it to a bank card?
__________________

Ams is offline   Reply With Quote
Old 08-07-2008, 10:09 AM   #2
Fully Optimized
 
cavemangrinder's Avatar
 
Join Date: Oct 2007
Location: USA
Posts: 1,540
Default Re: Paypal questions please help.

If I remember correctly, premiere account allows you to accept credit card payments, (example: if you have an online business) and stuff like that. And there is not a monthly fee I think. I really don't remember, havent used paypal in years. There should be better information on the website.
__________________

cavemangrinder is offline   Reply With Quote
Old 08-07-2008, 10:17 AM   #3
Ams
In Runtime
 
Join Date: Jun 2007
Posts: 110
Default Re: Paypal questions please help.

I checked the website and I just wanted to cover those questions before I made my account. I am only 16 with a debit card and frankly don't want to loose all my money incase of taxes and charges and stuff.
Ams is offline   Reply With Quote
Old 08-07-2008, 10:27 AM   #4
Fully Optimized
 
cavemangrinder's Avatar
 
Join Date: Oct 2007
Location: USA
Posts: 1,540
Default Re: Paypal questions please help.

Heres a chart

cavemangrinder is offline   Reply With Quote
Old 08-07-2008, 10:33 AM   #5
Ams
In Runtime
 
Join Date: Jun 2007
Posts: 110
Default Re: Paypal questions please help.

Now is this telling me that transfering money from paypal to bank account is free and that I will get taxed when getting money? So If I get $5 I will end up with $4? And is the premier better than personal for recieving money? All I really plan to do is to recieve money and possibly spend $5 a month.
Ams is offline   Reply With Quote
Old 08-07-2008, 10:44 AM   #6
Fully Optimized
 
cavemangrinder's Avatar
 
Join Date: Oct 2007
Location: USA
Posts: 1,540
Default Re: Paypal questions please help.

How will you be receiving the funds? If its credit/debit card then yes, there is a % fee. If you dont want to be charged anything, you need a personal account and the person sending you money must send funds through paypal balance, paypal instant transfer or paypal echeck.


On a side note.......this thread should really be in the social lounge
cavemangrinder is offline   Reply With Quote
Old 08-07-2008, 11:03 AM   #7
(╯□)╯︵ ┻━┻
 
Teny's Avatar
 
Join Date: Dec 2006
Location: United States
Posts: 5,957
Default Re: Paypal questions please help.

i think personal account can only hold a certain amount of funds on a paypal account, back when me and my friends were selling things on ebay, we had a personal account, then i think when it went close to $300, they told us to upgrade to a premier account. Which kind of sucked since it probably took like $50 total from me out of like $400.
__________________
Desktop -Cooler Master NV690/AMD Phenom II X4 965 BE/MSI 880G-E45 Motherboard/2 x 2GB DDR3 G.Skill Ripjaws X/Sapphire HD 5870 1GB GDDR5/CORSAIR CMPSU-550VX/Seagate 7200.12 500GB (OS), Samsung F3 1TB (Storage)/Sony DVD Burner/Windows 7 Professional 64-bit
Teny is offline   Reply With Quote
Old 08-07-2008, 11:07 AM   #8
Fully Optimized
 
cavemangrinder's Avatar
 
Join Date: Oct 2007
Location: USA
Posts: 1,540
Default Re: Paypal questions please help.

Quote:
Originally Posted by Teny View Post
i think personal account can only hold a certain amount of funds on a paypal account, back when me and my friends were selling things on ebay, we had a personal account, then i think when it went close to $300, they told us to upgrade to a premier account. Which kind of sucked since it probably took like $50 total from me out of like $400.
Maybe you needed to upgrade to premium account because of the amount of transactions. The personal account only allows 5 credit/debit transactions in a 12 month period according to the chart.
cavemangrinder is offline   Reply With Quote
Old 08-07-2008, 11:13 AM   #9
Ams
In Runtime
 
Join Date: Jun 2007
Posts: 110
Default Re: Paypal questions please help.

Ok thank you very much for all the help. Now I am understanding this process more. Thank you.
Ams is offline   Reply With Quote
Old 08-07-2008, 11:19 AM   #10
(╯□)╯︵ ┻━┻
 
Teny's Avatar
 
Join Date: Dec 2006
Location: United States
Posts: 5,957
Default Re: Paypal questions please help.

Quote:
Originally Posted by cavemangrinder View Post
Maybe you needed to upgrade to premium account because of the amount of transactions. The personal account only allows 5 credit/debit transactions in a 12 month period according to the chart.
we only sold 2 guitars, one is mine which i sold for $180, and the other was my friend which was $250. So they made us switch to premium when we sold 2 things on ebay, which is 2 transactions, we had to switch to it before we can accept the money.
__________________

__________________
Desktop -Cooler Master NV690/AMD Phenom II X4 965 BE/MSI 880G-E45 Motherboard/2 x 2GB DDR3 G.Skill Ripjaws X/Sapphire HD 5870 1GB GDDR5/CORSAIR CMPSU-550VX/Seagate 7200.12 500GB (OS), Samsung F3 1TB (Storage)/Sony DVD Burner/Windows 7 Professional 64-bit
Teny is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -5. The time now is 04:42 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0