Paypal which account when signing up please..

gabyjane

Just tried to open a new account as deleted my old one as i have a new bank account, when you sign up it says personal premier or business (i think business) anyway personal is for people who shop online and premier is for people who sell and buy online..do i need the premier one and do they now charge as these options weren't here when i last signed up..
Thanks

Strapped

Unfortunately PayPal now charge to receive payments even if you are the smallest of fry...gone are the good ol' days of using a "personal" account on eBay.

gabyjane

Ah well i usually just buy will i get charged for that from paypal? i am looking to sell some bits but this is a rare occurance so what would be the best to go for?
Thanks

Strapped

If you are only buying then you only need a personal account. But to sell, you will need to upgrade to the Premier and Pay Pal will charge fees to receive payments. (You used to be able to receive payments funded from PP/bank balance into a personal account FOC ).

gabyjane

Ah nightmare, so if i buy thats it but if i sell i get charged, how much is it does anyone know?..is this as well as the listing fees?
Thanks

_sleepless_

If you sell you will pay ebay a listing fee and a final value fee (a percentage of whatever the item sells for). You will also be charged by paypal to receive a payment.

As a rough guide fees work out to be around the 10% mark

You will not get charged for buying

sleepless

pinkgem

paypal fees are 3.4% plus 20p

gabyjane

Hmm most items are for 99p! hardly wirth bothering really is it..is the normal account free then just for buying ill stick to that i think!
Thanks