Subject:
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Re: No more CC freebies at PayPal (eff 11/6)
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Newsgroups:
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lugnet.market.services
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Date:
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Sun, 4 Nov 2001 17:22:12 GMT
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Viewed:
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2401 times
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In lugnet.market.services, John Radtke writes:
> Unless they've changed something else you can still have one Personal and
> one Business account simultaneously. Some sellers were already using two
> accounts and requesting buyers point out their intent to use a CC funded
> payment so they could be directed to the correct one. I never did because I
> didn't want to bother keeping track of the CC limit on the Personal account.
> Now that the limit is gone and a CC payment to it will simply be rejected it
> will be easier to work the two account approach. So the only additional
> cost of doing business will be strictly limited to accepting CC payments.
>
> John
> #388
Nothing has changed,like you mentioned you can still have one personal account
& one business account. No more credit cards on the personal account. Which is
ok, the majority of my buyers pay with PayPal funds or an echeck so I send them
to my personal account. I don't pass the cc fees on to my buyers, it against
PayPal's rules and just one more thing for me to keep track of.
I'm confused, thanks to Paypal, what day this will become effective.
Their site says 11/6, the email says 11/13.
The notice on the site says this:
Notice Date: October 11, 2001
Effective Date: November 6, 2001
To reduce the costs associated with credit card processing, the
ability to receive credit card funded payments will become a feature reserved
for Premier and Business accounts.
Personal Accounts that receive credit card funded payments after
11/06/2001 may accept the payment by upgrading to a Premier or Business
account, or they will have to deny the payment. Personal accounts will continue
to be able to receive non-credit card funded payments for free. Once upgraded,
Premier and Business Accounts may receive unlimited credit card funded
payments.
The email says this:
Personal Accounts that receive credit card funded payments after 11/13/2001 may
accept the payment by upgrading to a Premier or Business account, or they will
have to deny the payment.
Julie
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Message is in Reply To:
 | | Re: No more CC freebies at PayPal (eff 11/6)
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| (...) Unless they've changed something else you can still have one Personal and one Business account simultaneously. Some sellers were already using two accounts and requesting buyers point out their intent to use a CC funded payment so they could (...) (23 years ago, 4-Nov-01, to lugnet.market.services)
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