posted on November 7, 2002 01:26:02 PM
i have heard some talking about paypal - and having 2 accounts- one business that takes credit cards and the other personal for non credit cards- why - is there different rules and rates... can't seem to figure it out
same with yahoo pay direct... recently they had to "upgrade account" in order to take credit card payments?
posted on November 7, 2002 01:40:32 PM
when you use your credit card to make payment via paypal,paypal will pay the discount fee and the transaction fee to your credit card issuer.
if you use your bank fund,the only fee ,if there is ,is the ACH fee.
posted on November 7, 2002 01:46:12 PM
To accept credit cards, sellers must have a Premier Account. Unfortunately, Paypal charges the same fee on ALL incoming payments regardless of funding source. Personal accounts do not pay fees (unless international sender, then they might) but they can't accept any credit card payments.
What the OP is referring to is using a two-account system where a seller uses a Premier account for CC transactions and a Personal account for non CC transactions - to cut down fees.
