My blog buddy alerted me to the fees deducted from her PayPal payments received from some of the paid post companies. I checked my account and do not see the same thing.
Then, we found that I am using a Personal account while she uses a Premium account. A check with PayPal shows that fees are charged for Premium and Business account :
Well, if you notice, Personal account doesn’t get the fees deducted but it has limitations in the number of transactions it can receive payment via credit card. The fees deducted for payment by credit card is also higher.
So, does this mean that if we do not have any transactions by credit cards, we should stick to our Personal account instead of upgrading to Premium? The screenshot below shows a summary of the difference in between the Personal, Premium and Business accounts.
I can’t believe that I have PayPal for several years already and yet, I am totally clueless on these until now. I don’t need the services provided by Premium account so I shall just stick to the Personal account. What about you? Are you making full use of your Premium account? Or are you having fees deducted for nothing?
Samm of OrganicIncome blogged on How to downgrade Paypal premium account to Personal account to avoid the charges.