Subject:
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Re: Pay Pal
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Newsgroups:
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lugnet.market.services
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Date:
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Thu, 22 Jan 2004 23:01:26 GMT
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Viewed:
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3093 times
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In lugnet.market.buy-sell-trade, Rob Doucette wrote:
>
> 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
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 that much up for sale a couple of weeks ago so it works for me. And I
definitely overlooked the international crowd. I have only been perusing Lugnet
posts over the last couple of months and it had not quite completely sunk in
just how many members hail from outside the US.
Thanks for the insight.
Douglas Pool
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Message is in Reply To:
 | | Re: Pay Pal
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| (...) 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 (...) (20 years ago, 21-Jan-04, to lugnet.market.buy-sell-trade, lugnet.market.services)
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