Paypal premier to Paypal business - what happens next?
August 7, 2012 12:53 AM Subscribe
I currently have a PayPal Premier account I use for payments to my business (which is permitted under their terms and conditions). But it has a limit on funds that can be received, so I will need to "upgrade" to a business account. Has anyone done this and are you able to tell me what, in essence, happened to the fees? I have calculated that at the moment, they apply fees of c. 5% on average, so I add a percentage to my clients' invoices (with their permission) to share the loss incurred. But it's not clear at all from the various fees and charges in PayPal's tables what actually happens to the average fees. Surely someone on the Green has been through this and can share their experiences (feel free to memail me if you want to keep it private).
posted by LyzzyBee to work & money (4 answers total) 2 users marked this as a favorite
Notes: (1) I am in the UK. Clients paying me in this way are mainly from the US, China and India. (2) I try to get clients to pay by bank transfer but some of them aren't happy with the fees, esp on smaller totals. (3) I have looked at Moneybookers and use that sometimes, but my client base is more familiar with Paypal. (4) I will not want the fancy stuff Paypal Business offers like shopping carts (I believe) and taking credit card payments, as far as I know. But if you've had a great experience with suddenly being able to take c card payments, feel free to let me know!