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Paypal Newbie - Some Questions

Discussion in 'BlackHat Lounge' started by hotcheats, Apr 29, 2009.

  1. hotcheats

    hotcheats Regular Member

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    I'm kinda new to Paypal, as they recently added bank acc. functionality in my country so I 've signed up, verified and now I plan to start selling some stuff on DP, WSO and maybe on websites etc.. But I wonder, should I go with Personal or Premier account? Is it possible to do business with Personal acc? The fees on Premier scare me a little...I've also heard some bad things about chargeback scam...is 'Gaypal' really that bad? :D Also, are there any receiving limits on Personal acc (besides credit card paymanets)? I'd like to hear an advice from someone experienced with all this.

    (Hope this is the right section :confused:)
     
    Last edited: Apr 29, 2009
  2. noob411

    noob411 Junior Member

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    I just reopened a paypal account after many years of hating them, I chose premier just in case.
     
  3. shizaru

    shizaru Regular Member

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    Its great to use personal account.. no fees, but it has a limit of receiving only 5 credit cards.
     
  4. hotcheats

    hotcheats Regular Member

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    2 CC transactions per year, to be strict...but do I really need more CC transactions? Aren't people generally using paypal balance when they pay for sth?
     
  5. Mysticus

    Mysticus Newbie

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    Open both, a Premier and Personal account. No, you're not supposed to do business with a personal account, as the name itself explains. Says who? PP terms.

    Yep, pp is a pain with chargebacks. But assuming you'd be mainly selling on DP/WF, I see no alternative to PP.
     
    • Thanks Thanks x 1
  6. hotcheats

    hotcheats Regular Member

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    Thanks Mysticus. Did think so...really shrewd bastards they are those gaypal's...