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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Wed, 28 Jan 2004 21:32:35 GMT
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Viewed:
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2862 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
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 has a "cash discount" (which sounds like you are getting a
deal!) That way you avoid the fees on non-credit-card transactions.
I sell non-LEGO items on Ebay, and have recently added that idea for
myself...two bank accounts (one checking, one savings,), two credit cards as
backup, two email addresses. All pretty easy to get. I've never had funds
"locked", and move the funds out of my Paypal account into my bank account soon
after receiving them...it takes a few days, but it's free to me. If Paypal
makes their money to maintain and run the site by collecting interest on my
money while it sits there or is in that 3-4 day transfer window, it seems easier
to me than paying a fee outright every time I use their services. Then again,
I'm in the US (where it's easier to use and to move the money into/out of the
Paypal system), and I don't deal in that much cash in a month. It's all been
pretty reliable and easy to use for me, as buyer and seller.
Doug
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Message has 1 Reply:
 | | Re: Pay Pal
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| (...) I agree that that would be an obviously sensible business strategy; *a lot* of money passes through PayPal's hands, and most of its users would be happy to let PayPal collect interest on that money for a few days---it is still faster than (...) (20 years ago, 29-Jan-04, to lugnet.market.services)
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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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