posted on July 13, 2001 03:10:05 PM
Could someone tell me what the policy is at Paypal regarding personal accounts and the $100 limit in credit cards per month?
Once the 30 day anniversary period is up--when the account limit is reset to 0--are the backed up credit card payments automatically accepted? Must I do it manually? Or, will I not be allowed to accept them at all unless I upgrade or ask them to resend?
posted on July 16, 2001 08:40:39 AM
The way it worked when they initially started this multi-plan thing is that if you reached your limit you HAD TO upgrade your account in order to accept the over-limit amount/s. I don't believe they will allow anything to 'back up'.
PS...The info should be available on the paypal site under faq...
[ edited by Triggerfish on Jul 16, 2001 08:43 AM ]
posted on July 16, 2001 09:02:39 AM
I have a personal account only. This is what happens to me. When the 100.00 is reached you have the option to decline the credit card payment or accept it. Accepting it will automatically upgrade you to a business account. Declining it rejects the payment. No it does not sit in holding somewhere until you are reset.
I receive about $800-1000 a month using a personal account. I do NOT even mention PayPal in my auction listings. In my EOA I tell the bidder that they may use PayPal for NON CREDIT CARD transactions only. Some read it, some don't. Since PayPal went from always free to this business account set up I have only reached the $100.00 limit one time. Most bidders pay with PayPal funds, instant transfers or e-checks.
Works great for me!
I now accept credit card transactions via c2it.com.
posted on July 16, 2001 09:42:36 AM
I also tell buyers paypal is fine but no credit cards. Still, every month I get flooded with credit cards. Here's the lessons I learned. Don't decline the credit card payment, the buyer will blame you because Paypal's email messages blame you. If you tell them about the limit, they call you a lier, a scammer and every name in the book.
Instead, send them an email telling them to resubmit paypal without a credit card. Don't explain anything, they can refer back to your origional email that stated no credit cards.
The origional payment will expire if not voided by the buyer. When it expires, the buyer receives a notice by paypal. If they had not already resubmitted by your second request maybe they will sneak in another credit card payment which hopefully by this time your limit is refreshed.
posted on July 17, 2001 05:49:55 AM
Quickdraw, any idea as to how long it would take before it expires? I am still receiving a few non cc transactions through the account and would like to delay for a while if possible.
Also, I did check the Paypal FAQ and found nothing explicit-- if it were possible to accept the $ after the 30 day annniversary date, I don't think Paypal would want the info readily available.
posted on July 17, 2001 07:25:26 AM
So, fee's are not taken from existing funds or echecks? Is that only for standard or does that include business/premier?
posted on July 18, 2001 12:20:03 PM
If a seller is using a personal account (instead of business, etc.,) there are no fees to accept personal funds (those funds which have been acquired through auction sells or from bank deposit) nor fees if a check is drawn from the bank to your Paypal account.
A few people are under the impression it is o.k. to send funds via credit card, particularly if they send a bit more...even if it is expressly requested that this isn't done...
NOT the case. This has forced me to get a business account, whereby ALL transactions will now have a fee to accept. A dollar or two extra doesn't come close to all the fees I will now be forced to pass along!
As far as I know, the only difference in a business account versus a premiere, is that the business account allows one to accept funds under a name other than their own personal, legal name.
posted on July 18, 2001 01:08:29 PM
"If you can't afford the fees of a premier account then you'd better find some other hobby. If it's not a hobby, then you are selling the wrong items or your profit margin is too low."
The buyers normally get the fees passed onto them, so it's not a matter of what the seller can afford, it's what the buyers can afford, and with all these raised postage costs, photo hosting, and listing fees already passed onto them, another paypal fee is pushing it. Of course better advice is to find ways to cut costs, and still transfer the fees onto the buyer, and the end cost is the same. When I'm able to do that I will consider paypal's upgrade. I've already made ample cuts to cover the other rising fees.
posted on July 18, 2001 06:52:29 PM
Since I don't sell multiples of the same item, each one ends up being a gamble on what it will bring. I do pretty well, normally buying for pennies to 20 bucks, with sells being from a few dollars to a few over a hundred.
No, not a hobby. I'm saving all the receipts and mileage for the tax man this year. Listing when I want and paying my bills.
Its the sells on the cheaper and smaller items that will hurt, when shipping is often low. I've been shipping at postage cost, with no additional tacked on. Thanks to a few, everyone else that buys will now have to pay more, as it will be added on.
I wish I'd had more of a choice about upgrading, but... I guess that is result of a successful free listing day.
