Getting Started With PayPal

Visit PayPal's signup page to open a PayPal account. Once there, you'll have three account types to choose from: Personal, Premier, or Business.

PayPal Basics

If you plan to accept credit card payments or you expect to receive more than $500 per month in PayPal revenue, you will need a Premier or Business account. If not, start with the Personal account (you can always upgrade later). Although there are no fees for sending or receiving money with a Personal account, there is a monthly "receiving limit," (as of January 2008) of $500 for payments for the sale of goods and eBay items.

If you exceed your monthly limit, you will need to upgrade your account in order to receive additional payments of these types within that monthly period. Payments which exceed the monthly limit are placed in an “accept/deny” status, which means that if you do not accept or deny the payment, the buyer can cancel. Your receiving limit is reset monthly on the anniversary of your sign-up date. If you have a Personal Account, you can view your limit on the Account Overview page (click “View Limits” to see any limits that may apply to your account.) In summary, if you expect to earn more than $500 per month for eBay sales, a Personal PayPal account is not the right choice.

Premier accounts are ideal for most eBay businesses and offer the same features as a Business account. The only difference is that Business accounts may be accessed by multiple users.

The chart below summarizes the primary features of the three types of accounts. For more detailed differences, see the description provided by PayPal in Account Basics.

PayPal allows members to have one Personal account and one Premier or Business account. However, each PayPal account must contain unique email addresses and financial information. You may upgrade an account at any time.

Features PersonalPremierBusiness
Send moneyXXX
Accept credit, debit, and PayPal ATM cards XX
Merchant serviceslimited servicesXX
eBay software toolslimited software toolsXX
Multiuser access  X

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