question?

Discussion in 'Transformers On Ebay' started by Malach Ra, Apr 22, 2007.

  1. Malach Ra

    Malach Ra TFW2005 Supporter

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    How come some ebay sellers only take paypal balance versus a credit card payment thru paypal? any info would be helpful, i've never understood this. thanks.-damon
     
  2. UnicronHound

    UnicronHound Well-Known Member

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    Ebay:
    The balance doesn't take out Fees, but credit cards/bank accounts do.
     
  3. Malach Ra

    Malach Ra TFW2005 Supporter

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    i dont understand, i've always had fees taken out of payments when paid weither it be paypal balance, bank balance, or just CC.
     
  4. Malach Ra

    Malach Ra TFW2005 Supporter

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    anybody else got some insight?
     
  5. Laser_Optimus

    Laser_Optimus Your opinion was noted. Now get lost. TFW2005 Supporter

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    Ebay:
    Did you upgrade your account from a personal account?

    There's three different account types, but if you have a personal account than you can take payments via a direct bank transfer or paypal balance transfer for free. However, you can only accept five CC payments a year and they're subject to almost a 5% fee. Also, you have to verify that you want to accept the CC payment. There are other limitations to a personal account as well... such as how much money you can withdraw from you PP account during a month.

    However, if you have one of the two upgraded options -as I have, but don't ask me their names right now- lifts all the above limitations. You'll automatically be able to take PP payments wether they're CC or what not and you can accept CC payments as much as you like. You also don't have limitations on money transfers to and from PP either. However, all your payments become subject to a lower variable % fee that is decided based on how much buisness you do. Mine is at the higherst right now -about 2.5% per payment-, but it lowers depending on the kind of money you're bringing in. Basically, it's PP's way of compensating for the upgraded account's benefits.
     
  6. ShortCircuit

    ShortCircuit Decepticon

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    Regular paypal member = 1. only accept CC payments thru BANK accounts. ie debit card. 2. you cannot accept payment thru OTHER CC (not bank CC that you joined Paypal with etc) for instance, a regular member can't take a paypal payment from some person who used his girlfriends CC to pay, you CANNOT take that payment unless you are premium. 3. No "withdrawl" fee's (ebay payments thru thier OTHER BANK CC)

    Premium Paypal member = 1. can accept ANY type of payment. (not only their BANK CC but others) 2. Fee's are charged from paypal to be a premium member.
    3. Premium sucks.

    Ebay owns Paypal afaik.


    You can be regular or premium member at paypal. Not both at same time. duh.
     
  7. UnicronHound

    UnicronHound Well-Known Member

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    Ebay:
    Here's the breakdown of everything:
    Personal Account:
    For Online Shoppers

    Ideal for shopping online.
    It's free, secure, and fast way to send payments.
    You can also accept bank account or PayPal balance-funded payments for free and a limited number of credit or debit card payments per year for a low fees.
    Premier Account:
    For Casual Online Sellers

    Accept credit cards and other payment types, for low fees
    Ideal for casual sellers on eBay and all over the Internet
    Business Account:
    For Business Owners
    Accept all payment types, including credit cards, for low fees.
    Ideal for businesses that need a merchant account
    Do business under your company name


    and a link to the fees table:

    https://www.paypal.com/us/cgi-bin/webscr?cmd=_display-pop-fees-outside
     
  8. Malach Ra

    Malach Ra TFW2005 Supporter

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    thanks guys. got it.
     

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