Question Re: Buying, Selling and Pay Pal

[FlyingPhotog]

Hi All,

Ignorance is no excuse but I'm hoping y'all can help me wrap my brain around the mechanics of buying and selling through the forums.

I've established a personal-level Pay Pal account with a checking account backstopping Pay Pal in order to be "Verified."

Now I see people buying and selling usually along the lines of "$xxx + 3% for Pay Pal."

I've been slogging through the Pay Pal help pages and I see that personal accounts do not have a transaction fee(?) So can I still buy and sell or do I need to upgrade my Pay Pal status?

I assume I'm bound by good consience to state that I'm working from a personal-level account so that means no credit cards, correct?

Am I missing anything else or do I have a basic enough understanding that will allow me to participate in buying and/or selling without screwing the pooch too badly.

TIA...

[dekalbSTEEL]

To accept credit card payments through Paypal as a seller, you must upgrade to a premier account. This means paypal charges the seller a fee (https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/USUA-outside#fees-policy) to accept the CC payment. that's why sellers ask for the 3% additional, although technically that is against Paypal User Agreement. but you can charge a 'handling fee" when you sell goods.

4.7 No Surcharges. You agree that you will not impose a surcharge or any other fee for accepting PayPal as a payment method. You may charge a handling fee in connection with the sale of goods or services, as long as the handling fee does not operate as a surcharge and is not higher than the handling fee you charge for non-PayPal transactions. (https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/USUA-outside#receive-policy)

[FlyingPhotog]

To accept credit card payments through Paypal as a seller, you must upgrade to a premier account. This means paypal charges the seller a fee (https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/USUA-outside#fees-policy) to accept the CC payment. that's why sellers ask for the 3% additional, although technically that is against Paypal User Agreement. but you can charge a 'handling fee" when you sell goods.

4.7 No Surcharges. You agree that you will not impose a surcharge or any other fee for accepting PayPal as a payment method. You may charge a handling fee in connection with the sale of goods or services, as long as the handling fee does not operate as a surcharge and is not higher than the handling fee you charge for non-PayPal transactions. (https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/USUA-outside#receive-policy)

But, can I still use a "Personal" account? I guess I'm wondering more if POTN cares than if Pay Pal cares...

[Skip Souza]

POTN has no stake in how you pay, whether it be by PayPal, Money Order, Cheque, Nigerian Lottery tickets or goats & chickens :lol:
Your business is your business. You must come to terms with the other party to the transaction.

[FlyingPhotog]

POTN has no stake in how you pay, whether it be by PayPal, Money Order, Cheque, Nigerian Lottery tickets or goats & chickens :lol:
Your business is your business. You must come to terms with the other party to the transaction.

Thank You!

[Thinking: Goats & Chickens...Hmmmmm...] ;)