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What should I choose: Paypal Premiere or Paypal Business?

Discussion in 'Business & Tax Advice' started by BackY, May 8, 2013.

  1. BackY

    BackY Senior Member

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    I'm new to paypal, so could you please help me choose? I do online marketing and I generate around $2,000/month, I don't usualy pay people for services, as I do everything myself, but who knows, I might do it sometimes soon.

    Could you please suggest me what to do?
     
  2. Furious George

    Furious George Supreme Member Premium Member

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    It doesn't make one bit of difference, seriously.

    It's free to make it a business account, and you can have a different business name than your personal name... so go with business. I also think that paypal lets businesses get away with more volume before limitation, but I'm not sure. There is no way to prove that.
     
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  3. Narrator

    Narrator Power Member

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    The transaction fees used to be cheaper for businesses, 2.7% instead of 5%. But now the fees are the same for all the accounts.

    The only difference between premiere and business accounts, is that you use the business account under you business name and tax id.

    Cheers!
     
  4. Checkmate

    Checkmate Elite Member

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    I would go with Business since you can add a business name as already mentioned by Furious George.
     
  5. BackY

    BackY Senior Member

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    I'm afraid of the fees, or additional charges it may cost me? Also, I'm from outside USA, so we don't have a TAX ID in my country I think ..
     
  6. TheMoneyWizard

    TheMoneyWizard Elite Member

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    Go with Business although there isn't that much difference.
     
  7. Kimi

    Kimi BANNED BANNED

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    Differences are pretty major.
     
  8. BackY

    BackY Senior Member

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    I'm all ears mate ...
     
  9. Francissco

    Francissco Newbie

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    go with stripe (payment processor)
    no monthly fee
    easy application
    integrates into damned near anything

    the only downside is they hold your funds for 7 days, but they are the best ive used vs paypal and authorize
    good luck!
     
  10. BackY

    BackY Senior Member

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    I've never heard of stripe.. I've never even seen a payment method as that, in the major companies??
     
  11. Furious George

    Furious George Supreme Member Premium Member

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    Stripe is quite incredible, I must say. Check it out.

    There are no differences between the premiere and business accounts with paypal... there are a few, and I mean, very few differences in invoice functionality, but it's the same really. Go ahead and make a business account.
     
  12. Kimi

    Kimi BANNED BANNED

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    I received your PM but BackY why don't you try a Google search?

    That should point you out features of each and after that you can surely take your decision.

    Anyhow, I can recommend you Business and taking payments via invoice or ask the client to select services/goods payment type. I feel this is much safer.

    And try to create some expensese flow by making payments for something via Paypal. I feel that Paypal doesn't like just to be used only for receiving money and withdrawals.

    I'm also with Furious George when he says "I also think that paypal lets businesses get away with more volume before limitation"
     
  13. BackY

    BackY Senior Member

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    I tried google, and red a lot, but it's different when you ask a person who has already a good experience with this situation.

    Thanks a lot guys!