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Thread: Paypal .....

  1. #1

    Paypal .....

    Well im now choosing between business and personal account for paypal....

    i read that for business account you can accept credit card payment but there is a tax for receiving money. Im wondering, if the tax applies for normal paypal money transfer too ?

    And there is no such tax for personal account...so which type would you all reccomend ?
    Shawn Ho
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  2. #2
    Join Date
    Jun 2002
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    362
    my understanding is that can accept payments made from paypal accounts that used credit cards to fill their account.

    But that could be wrong

    Just get the business account

  3. #3
    If you are going to provide professional services to the other firms then a business account is the way to go.
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  4. #4
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    i would use the paypal bussiness account
    Steven Ciaburri | Industry's Best Server Management - Rack911.com
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  5. #5
    Join Date
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    I am aware of a $0.50 fee for the transfer of fund from a bank account to a PayPal account and from a PayPal account to a bank account. I have a business account and have recieved money free of charge, however, these were not credit card payments.

  6. #6
    Join Date
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    yeah, well most credit card proccessors charge anyways a small fee
    Steven Ciaburri | Industry's Best Server Management - Rack911.com
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  7. #7
    Join Date
    Jun 2002
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    looks like i was completely wrong

  8. #8
    Join Date
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    No, not necessarily. If the PayPal purchaser used a credit card to put the money in their account, then transferred the already existing money to the person they wanted to buy the selected product or service from, that, I would think, eliminate the fee.

  9. #9
    Paypal is the worst i have ever seen, don't use it!

    www.paypalsucks.com

  10. #10
    What are you guys talking about?

    Paypal takes the taxes no matter what, its like 3% and 30 cents or so per transaction. Business/Premier are the only ways to accept any paypal payments. Personal is sending money only.
    Get a business account if you have a business
    That simple. It is free to withdraw/add funds from bank.

    If you want to accept credit cards direct get authorize.net
    A less professional Solution to Auth.Net but better then paypal:
    Paysystems,2checkout

    Regards,
    Brian

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