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In lugnet.market.buy-sell-trade, Douglas Pool wrote:
> Hello again,
>
> I have been reading peoples responses and I have a better understanding for the
> most part. I don't understand the fee thing, I am not sure what account people
> that are paying fees with paypal signed up for, the one I have, I have received
> payment from someone without any fees for a set I sold and I have sent money to
> another person for other reasons without any fees. I did not however try using
> a credit card. Perhaps if you are doing large scale business you are forced to
> sign up for the business account where they get you with fees. If you can not
> use it for free I can see why you wouldn't want to use it. Further more I can
> understand people not wanting their financial info on yet another server that
> someone might hack, I'm willing to take that gamble, some aren't. And I didn't
> realize people had had lots of bad experiences. I did do a search initially
> before posting but since there are lots of posts saying they accept paypal there
> are a lot of postings, perhaps I should have tried to dig a little deeper. And
> perhaps I did under estimate people's efforts to look up information about
> paypal; I apologize if I offended anyone. And finally, yes, sellers accepting
> paypal is a factor, but it’s not the only factor when looking at possible
> purchases or bids. If its a good deal on something I want, I'm most likely
> going to do the extra leg work to get the form of payment the seller desires.
>
> Thanks for the input.
>
> Douglas Pool
In the US, PayPal users are allowed to have 2 accounts: 1 business, 1 personal.
Personal Accounts
- Cannot be linked to the same bank account/credit card as any other PayPal
account
- Cannot accept credit card funded payments which also means you cannot accept
international payments from most PayPal countries
- Cannot receive more than $1,000 per month including transfers from your
business account
- Are not assessed fees for receiving funds
Business Accounts
- Cannot be linked to the same bank account/credit card as any other PayPal
account
- Are assessed roughly 3% + $0.30 of every received payment including balance
funded payments
As a seller, until you know the source of the funds, you can't direct a buyer to
the correct account.
-Rob.
FUT .market.services
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Message has 2 Replies:
 | | Re: Pay Pal
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| (...) Hello, Thanks for pointing that out Rob. I was thinking I should go back and reread the fine print on my paypal account. I can see now why big sellers might not like this so much, I personally would not do $1000 a month in sales, I barely put (...) (20 years ago, 22-Jan-04, to lugnet.market.services)
| | | Re: Pay Pal
|
| (...) Which is why a number of Bricklink sellers have one of each account. When they invoice, they state two prices: one for cash/balance transfer, one for credit card. Either CC has an extra charge of about $0.30 +3% more, of the cash/balance price (...) (20 years ago, 28-Jan-04, to lugnet.market.services)
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Message is in Reply To:
| | Re: Pay Pal
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| Hello again, I have been reading peoples responses and I have a better understanding for the most part. I don't understand the fee thing, I am not sure what account people that are paying fees with paypal signed up for, the one I have, I have (...) (20 years ago, 21-Jan-04, to lugnet.market.buy-sell-trade)
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