Does paypal charge you?

[louise31]

I have friends that are charged by paypal when they are paid money and other people who arent? Any ideas why this is?

 

[andrew25]

It depends on which type of account you are having with PayPal. If you are having premier or business account you have to pay a few of around 2% per transaction. However if you are having personal accounts then they won't charge fee.

 

[tongyun]

When I first set up my Paypal account, I didn't know any better and inadvertently set it up as a business account. When I noticed money being taken, I did some research and quickly changed it back to a personal account. Now I get to keep all of the money that comes into my account.

 

[busybee]

A personal account is fine if you only occasionally sell or buy something on eBay, etc. If you are going to do business on a regular basis, you would have to upgrade because of the $500 limit. Sure there are fees but Paypal's fees are cheaper than any merchant account that I've ever seen.

 

[rinky9888]

yes it totally depends upon what type of account you have,i have a personal account and there is a limit of 500$ for every month.Business account have different limits and charges.

 

[10is4Love]

Yeah, unfortunately Pay pal do have these fees for their users. However, their fees arent as bad as others. I think if you have a personal acocunt, there is no fee. But if you have business or premier ( I have), then there are fees.