Paypal payment question

[garkon]

If ur reciving paypal, what is the difference to u between direct bank and credit card methods?

Basicly why dont people like to accept cc paypal, askin cuz i'm thinking about selling some stuff.

 

[Tom]

because you have to upgrade your account type to accept credit cards and you pay fees for lots if stuff.

 

[sixone]

IIRC, Paypal keeps 3.5% from cc transactions, but not from direct bank transfers.

 

[edmundoab]

I personally have a US Premier Account
and I know its needed to accept CC payments via paypal

if you have a personal account. Then, you can only accept non-cc payments.

the fees are relatively high for every payment received using a Premier Account.
Many do not want to pay the additional fees for no reason.
so they rather set up a personal account and not deal with more deductions. Already as a seller, you are subjected to listing and final value fee off an item auctioned and successfully sold.

 

[edmundoab]

Originally posted by: sixone
IIRC, Paypal keeps 3.5% from cc transactions, but not from direct bank transfers.

Overseas charge without merchant rate is

3.9% + 30 cents of whatever that is sent.
In that case,
don't ever sell a 99 cent item overseas and accept paypal LOL
end up loosing after all your advertising work.