So if you want to build your eBay business a PayPal Business account is highly recommended. It is a web-based application that provides your business the function similar to a stand-alone credit-card processing terminal. PayPal Business account also allows recurring payments, and you may have Virtual Terminal which allows you to accept credit card payments or work with offline clients. It's also especially important for processing immediate payments as a regular personal account doesn't support it.³ What’s the difference between a personal and business PayPal account?įor one time or occasional sellers PayPal Personal account is fine, but if you want to scale up your online business, PayPal Business account is recommended.Ī PayPal Business account offers more advantages than having a Personal account, you don’t have to own a registered business before having one, and signing up is free.Īdditional features of a PayPal Business account include, Website Payment Standard and Website Payment Pro which allows you to receive payment from buyers through debit or credit cards even though they don’t have a PayPal account. You can’t tell buyers that you only accept specific forms of PayPal payment.² So although you can receive payments to your personal PayPal account, it’s recommended to use a business account that supports the required functionality. Offering PayPal as a payment option on eBay (using either logos or text in the item description), will require you to accept all forms of PayPal payment methods, including payments from an existing PayPal account balance, bank account transfers, and credit card payments. Which PayPal account is best suited for selling on eBay? Want to save money when selling online? Find out how These are the things we’re going to discuss in this article. The fees can vary depending on the type of transaction, whether you’re receiving funds, converting from one currency to another, or withdrawing to an international bank account. PayPal charges 2.9% of the amount you get after deducting ebay fees, plus 30p for each transaction and this is something to look out for as it gets especially expensive when you have to accept payments in different currencies. Travelling to Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Croatia Cyprus Czech Republic Denmark Egypt Estonia Finland France Georgia Germany Greece Hong Kong Hungary India Indonesia Ireland Israel Italy Japan Kenya Latvia Liechtenstein Lithuania Luxembourg Malaysia Malta Mexico Monaco Morocco Nepal Netherlands New Zealand Nigeria Norway Pakistan Peru Philippines Poland Portugal Romania Russia San Marino Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Thailand Turkey Ukraine Vietnam The UAE The UK The US.Life in Australia Austria Belgium Brazil Brussels Canada China Croatia Cyprus Czech Republic Denmark Finland France Germany Greece Hong Kong India Indonesia Ireland Italy Japan Luxembourg Malaysia Malta Mexico Netherlands New Zealand Nigeria Norway Pakistan Peru Philippines Poland Portugal Russia Singapore South Africa South Korea Spain Sweden Switzerland Sydney Thailand Vietnam The UAE The UK The US.PayPal has already implemented the inactivity fee in several European countries including the UK and Sweden. A user can simply withdraw, donate or make a transaction to avoid the new penalty. The warning email "will inform customers about how to use the balance available on the account" before the fee is applied, the spokesperson said. If users fail to log in before the fee goes into effect, they will be notified via email before it's applied to the account, advising the PayPal client of the inactivity. The maximum fee that would be applied to an inactive account is $20.Īvoiding the inactivity fee is pretty simple: just log into your account before Nov. So, for instance, if a user carries a balance of $7 and has let the account go stale over a course of 12 months, PayPal will charge an inactivity fee of $7 on the account. "No fee will be charged on accounts with negative balance and the fee will be charged in a way which will not result in a negative balance," the spokesperson said. However, the E-commerce company said the fee won't be applied to accounts that carry a zero balance or are in the red. "The fee will only apply to accounts that have been inactive for 12 months - where the account holder has not logged in to the account or used it to send or receive money during that period," a PayPal spokesperson said in an email to CTV News Friday. 20, PayPal will begin implementing the fee, charging accounts that have not seen any activity over a course of a year. Online payment system PayPal is about to start charging its Canadian users a fee on accounts that have not been used within a 12-month period.
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