05-08-2006, 10:52 PM
Paypal does not always charge fees. I send money to friends and family from my personal account all the time without a fee.
In my opinion, you probably have no need for a premium or business Paypal account unless you plan to sell a lot of stuff on eBay.
The main reason that a premium account is a bad thing is that once you "upgrade" EVERY transaction results in fees. Send your Mom $50 and a fee is deducted! With a personal account you can send money without paying fees.
Once you have "upgraded", they make it difficult to revert. Unless you expect to be selling a lot on eBay, I think you should consider downgrading. This is where it gets a little hairy...
If you downgrade, you can only do it once. After that, if you ever upgrade again, you are stuck with the upgraded service and the fees to go along with it.
My 2 pence.
In my opinion, you probably have no need for a premium or business Paypal account unless you plan to sell a lot of stuff on eBay.
The main reason that a premium account is a bad thing is that once you "upgrade" EVERY transaction results in fees. Send your Mom $50 and a fee is deducted! With a personal account you can send money without paying fees.
Once you have "upgraded", they make it difficult to revert. Unless you expect to be selling a lot on eBay, I think you should consider downgrading. This is where it gets a little hairy...
If you downgrade, you can only do it once. After that, if you ever upgrade again, you are stuck with the upgraded service and the fees to go along with it.
My 2 pence.