Should i get premier paypal

Click this link to check the standard rates for receiving and sending money with PayPal. If you receive more than 2, Your fees can be as low as 1. For receiving money for product or service sales at the merchant rate, these are the prices:. Note that the rates in the table above are for domestic transactions.

If you have customers offshore then you will incur what is known as a cross-border payment charge. Click here to view the higher cross-border transaction fees. You will still benefit from lower rate bands with cross-border payments once you apply successfully for the Merchant Rate. See also : Should you withdraw from PayPal to a credit card or to a bank account?

The Pro solution is for heavy PayPal users, and allows you to benefit from lower rates among other services. Click this link for more information about Pro. Go for Pro if you need full payment gateway functionality, as this system will allow you to create a fully customized checkout process that will enable customers to complete the purchase from your site rather than being transferred to PayPal as is the standard procedure.

If you are using PayPal to collect payments for products and services that you are selling online, you will also need to choose a checkout service. All e-commerce solutions such as Shopify, WooCommerce, and Easy Digital Downloads will allow you to select one out of several e-commerce checkout business solutions offered by PayPal.

See also : Should you open separate PayPal accounts for each of your e-commerce stores? Read my separate post about the pros and cons of each and then decide accordingly. You can choose what currencies to accept and how you would like to accept them. When a buyer sends a payment in a currency you hold, the money will automatically appear in your account in that currency. You can choose a primary currency as the one you use most often for sending and requesting payments. If you convert a payment into your primary currency, PayPal offers conversion rates that are pretty bad.

You can read my guide on PayPal currency conversions for more information about that. You might also want to change your PayPal withdrawal currency before you withdraw money to your credit card. So how do PayPal transactions look? Since this is a cross-border payment US to Malta , it can be broken down as follows:.

If I remember correctly, with a Personal account you can accept or deny payments. If you deny the payment, the fee is not charged. With a Premier or Business account, there is no such option to accept or deny payments. Click here to see the full refund policy together with a worked-out example of how refunds work. PayPal has recently changed its policy, stiffing sellers, unfortunately.

Not all countries offer the same facilities for withdrawing funds from Paypal. For example, in my home country Malta, we used to be able to withdraw money only to a credit, debit, or prepaid card as well as a US bank account, but no local accounts.

This was then changed to allow withdrawals to EUR based local account s, but unlike with other payment providers, we are not able to withdraw to local accounts in other currencies.

This is a big disadvantage if you are making most of your sales in another currency such as USD. Paypal provides a handy checker where you can select your country and see which withdrawal options are available for that country.

Launched in and headquartered in New York, Payoneer is a payment services provider that allows users to send and receive money online. The platform currently services more than 4 million customers located in more countries. Payoneer is also a notable PayPal alternative due to its highly rated customer support. You have the option of contacting support via telephone, live chat or through a support ticket. Check out Payoneer. Stripe is recognized worldwide as the most painless way to accept credit cards online as a merchant, and it was created with developers in mind, making integrations easy.

Please be aware that there are two different types of payments that can be sent using PayPal — Purchase Payments and Personal Payments. With a Personal payment type, the sender of the payment can choose who pays the fee which is incurred. However, it is not free to send the payment. Either the sender or the receiver must pay. It is possible to receive personal payments to a Personal or Premier PayPal account.

If you are planning on receiving payments for a business you are running, you may need to upgrade your account type, as a Personal account is not suitable for receiving large amounts of payments. However, if you are only receiving a small number of payments, you are free to do so. In case you are into gambling and want to make a deposit using Paypal , you should be aware that the payment platform has a strict policy about casino transactions.

See also : How to change ownership of a PayPal account. It is possible to have two PayPal accounts, however only one can be for personal use, and must be either Personal or Premier type.

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Witkowski www. New Community Member. I too have a paypal account, but I would like a Premiere account as well! Then there is a business account. Haven't Found your Answer?