Which PayPal account is best for you?

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PayPal provides three types of account…

[A]. Personal Account

[B]. Premier Account

[C]. Business Account

Here are the Uses, Benefits and Features of all the three types of PayPal account…

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[A]. PayPal Personal account

Uses: Personal account is used to shop online, it is free and generally uses to send or receive money from friends and family.

Benefits and Features:

[1]. Opening an account–Free
[2]. Sending Money——-Free
[3]. Adding Fund———-Free

Withdraw of Funds :

[1]. Free for bank accounts in the U.S
[2]. Free for Rs.7,000.00 INR or more in India.
[3]. Charged Rs.50.00 INR for Rs.6,999.99 INR or less in India.
[4]. Withdraw return charge Rs.250.00 INR in India.

Card Funds Withdraw

[1]. Card Withdraw Fee Rs.200.00 INR in India.
[2]. Card Return Fee $10.00 USD or equivalent in the India.
[3]. Minimum Withdraw amount $10.00 USD or equivalent in India.

Payments funded By PayPal Balance

PayPal Instant Transfer or PayPal e-Check——————–Free.

Payments funded By Credit Card, Debit Card or Buyer Credit Card

Credit Card, Debit Card or Buyer Credit————-5.4% + $0.30 USD (limit of 5 transactions per 12 month period)**
**For domestic or U.S. transactions2% + applicable Fees for cross border payments.

Multiple Currency Cransactions

Exchange rate includes a 2.5% fee**
Fees for cross border payments

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[B]. PayPal Premier Account

Uses: Premier Account is built for online sellers who sell their own products, other wholesaler’s products on their site, using EBay shop to promote products. So in the process of doing this they can easily receive their payments through credit card from their buyers. PayPal Premier Account supports to add shopping cart to their website or blog.

In other way PayPal Premier Account supports to increase webmasters income through accepting different credit cards, vcc, receiving payments funded by PayPal Balance and helps to easy management of fund.

Benefits and Features:

[1]. Opening an account–Free
[2]. Sending Money——-Free
[3]. Adding Fund———-Free

Withdraw of Funds—

[1]. Free for bank accounts in U.S
[2]. Free for Rs.7,000.00 INR or more in India.
[3]. Charged Rs.50.00 INR for Rs.6,999.99 INR or less in India.
[4]. Withdraw return charge Rs.250.00 INR in the India.

Card Funds Withdraw

[1]. Card Withdraw Fee Rs.200.00 INR in India.
[2]. Card Return Fee $10.00 USD or equivalent in India.
[3]. Minimum Withdraw amount $10.00 USD or equivalent in India.

Payments funded By PayPal Balance

PayPal Instant Transfer or PayPal
eCheck———In general 2.4% to 3.4% + $0.30 USD.

Payments Funded By Credit Card, Debit Card or Buyer Credit Card

Credit Card, Debit Card or Buyer Credit Card————- In general 2.4% to 3.4% + $0.30 USD.

Multiple Currency Transactions

Exchange rate includes a 2.5% fee**
Fees for cross border payments

Auction Tools

[1]. Accept PayPal directly from your auction listings.
[2]. Automatically invoice your buyers.
[3]. Automatically invoice your buyers.
[4]. Automatically remind bidders about your auctions.

Special Features

Payments Button.—– Create PayPal buttons and accept instant payments from your website.

Money Market.—– Earn a rate of return on your PayPal account balance.

Account Insurance.—– Your PayPal balance is FDIC insured up to $100,000.00 USD.

Mass Payments.—– Make payments to hundreds of people at once.

Subscriptions and
Recurring Payments.—– Implement subscription payments for your content or services.

Downloadable log.—– Download your account history into a spreadsheet or Quicken.

MultipleLogins.—– Give your employees limited access to your PayPal Account (only possible when you give right in your admin area).

For more unknown features and benefits please visit www.paypal.com

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[C]. PayPal Business Account

Uses: Business Account is built for online sellers who sell their own products on their business name only for this they must have a business identity. Using PayPal Business Account, they can sell their own products, other wholesaler’s products on their site, using EBay shop to promote products. So in the process of doing this they can easily receive their payments through credit card from their buyers. PayPal Business Account supports to add shopping cart to their website or blog.

In other way PayPal Business Account supports to increase webmasters income through accepting different credit cards, vcc, receiving payments funded by PayPal Balance on their business name and this helps to easy management of fund.

Benefits and Features:

Note: All the Benefits and Features discussed over PayPal Premier Account applied on PayPal Business Account but the exception is that your PayPal Business Account should be operated on your business name and business identity. For this when you are registering your free PayPal business account follow the PayPal form-filling screen shot with proper attention.

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