Paypal Questions
- Thread starter ResQTech
- Start date
Help Support Candle Power Flashlight Forum
Paypal has no fees unless you accept a cc based transaction.
Accept one cc and your account is automatically changed to a different level and ALL transactions are charged.
Many folk set up two accounts one for cc with fees and one for none cc transactions and no fees.
I took a cc before I knew the "ways" and Paypal allowed, at that time, me to downgrade my account to personal with no fees. They allow this only once.
I don't know if they still do this. I suspect they would allow the downgrade. It took a large bit of searching on my part to find the downgrade info. As a matter of fact I think I had to email paypal as to how to do this.
There's no limit on receiving money
BUT
there is a limit on how much you can transfer back into your checking account.
I'm unfamiliar with the exact $'s.
I transfer the money in my paypal account back into my checking account often. It takes several days to go from paypal account to your checking account.
I often wonder who is getting the benefit of the float during this "virtual transfer" time.
Tom
Accept one cc and your account is automatically changed to a different level and ALL transactions are charged.
Many folk set up two accounts one for cc with fees and one for none cc transactions and no fees.
I took a cc before I knew the "ways" and Paypal allowed, at that time, me to downgrade my account to personal with no fees. They allow this only once.
I don't know if they still do this. I suspect they would allow the downgrade. It took a large bit of searching on my part to find the downgrade info. As a matter of fact I think I had to email paypal as to how to do this.
There's no limit on receiving money
BUT
there is a limit on how much you can transfer back into your checking account.
I'm unfamiliar with the exact $'s.
I transfer the money in my paypal account back into my checking account often. It takes several days to go from paypal account to your checking account.
I often wonder who is getting the benefit of the float during this "virtual transfer" time.
Tom
The_LED_Museum
*Retired*
I think the limit for transfers on a personal Paypal account is $100 a month. I don't have a personal Paypal account though, so I can't verify this.
zumlin
Enlightened
The sending limit for my personal account is $750 until you upgrade and the withdrawal limit is $500 per month.
zumlin
Enlightened
Upgrade = "Enroll in PayPal's Expanded Use Program" BTW and then you won't have any limit.
Beretta1526
Flashlight Enthusiast
NO! DO NOT UPGRADE TO UP YOUR LIMIT!!!!!!!!!
The personal accounts have a limit until you verify yourself.
If you can help it, do two different accounts, one personal, and one premier. Personal accounts don't incur any charges for receiving payments. If you have a personal account and you receive a credit card payment, you can deny or accept the payment. If you accept the payment, you are required to upgrade your account and incur the 3% + $0.30 fees on ALL payments received from that point on. If you deny it, your payor will get a "denied" e-mail and the amount will be credited back to their account.
To accomplish keeping two accounts, you will need two different credit cards, and you will need two separate checking accounts.
One other thing is to avoid using your debit card as a credit card to verify or confirm yourself with PayPal. It can cause problems down the line.
If you have any specific questions, let me know. I have had 3 different PayPal accounts. My first was waaaaay back when PayPal was X.com. (if you try x.com, you will see it forwards to PayPal)
The personal accounts have a limit until you verify yourself.
If you can help it, do two different accounts, one personal, and one premier. Personal accounts don't incur any charges for receiving payments. If you have a personal account and you receive a credit card payment, you can deny or accept the payment. If you accept the payment, you are required to upgrade your account and incur the 3% + $0.30 fees on ALL payments received from that point on. If you deny it, your payor will get a "denied" e-mail and the amount will be credited back to their account.
To accomplish keeping two accounts, you will need two different credit cards, and you will need two separate checking accounts.
One other thing is to avoid using your debit card as a credit card to verify or confirm yourself with PayPal. It can cause problems down the line.
If you have any specific questions, let me know. I have had 3 different PayPal accounts. My first was waaaaay back when PayPal was X.com. (if you try x.com, you will see it forwards to PayPal)
So im trying to make 2 accounts one personal & one standard, but I only have 1 checking account. How can I verify the 2nd account I make? I have no way of getting the money out of the CC account unless I request a check from Paypal. Can I just transfer the $ from the CC account to the non-CC account that is linked to my checking account?
