Amber
Accentuate Writer!
Posts: 574
Registered: 6/17/2009
Location: Southern Iowa
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Mood: Tired, but content, after the family vacation.
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Paypal question
Does it cost to upgrade to a premier paypal account? I'd like to get the paypal debit card, but it says I need either a premier or business account
rather than the basic. I've looked all over the site, and couldn't find the answer to my question, so I decided to ask here since several of you use
pay pal. Thanks in advance for any help you can give me.
Amber
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Michy
Boss(y) Lady / Site Owner / Admin
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It doesn't cost you anything upfront, but when you get paid, they will take a fee from your transactions, unless it's mass pay or it's paypal to
paypal. That fee is 30 cents, plus 1-3% depending on how you get paid.
BUT they offer a 1% cash back on all purchases with your debit card, so if you use it for everything, like I do, it sorta evens out.
For MOST people, though, a premier account isn't worth it. IF you are going to be writing online a lot and being paid from lots of places and want
quick access to your money, the debit card is awesome - but it does cost a little in the long run. IF you have a bank account and can wait the 2-3
days to get the withdrawn money, I'd recommend it for an individual.
Love and stuff,
Michy
~~Infinite Diversity in Infinite Combinations~~
Do just once what others say you can't do, and you will never pay attention to their limitations again." James R. Cook
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Amber
Accentuate Writer!
Posts: 574
Registered: 6/17/2009
Location: Southern Iowa
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Mood: Tired, but content, after the family vacation.
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Thanks Michy. I've been thinking about hooking the account up to my bank account, but I wasn't sure about doing that, either. For some reason, I'm
rather leery about doing that, and I don't really want to start another account just to hook my paypal account up to it... Choices choices choices.
lol.
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Melanie
Founding Member
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Mood: In the inquisition chamber with the killer.
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Don't you HAVE to get a premier aco[Censored] -- (Whoops! Spelling error. I meant acCOUNT.) if you get paid over a certain amount
per month? That's what they told me way back when. I've had a premier account for years, with the debit card, and love it.
[Edited on 10-3-2010 by Melanie]
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Michy
Boss(y) Lady / Site Owner / Admin
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Location: Texas
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Melanie, you don't HAVE to, but you're limited to transferring only 500 bucks per month if you don't. When you start making a lot of money, to lift
that limit, you then have to get a premier account.
Amber, I've been with paypal for about 8 years now.... I can guarantee you they never take anything from your account that you don't give them
permission to do. They are partially FDIC insured, and they are regulated by the FTC as well. PUtting your bank account info in with them is perfectly
safe... and is, in fact, safer than a lot of banks are!
Plus, think of it this way - your bank account numbers or on the bottom of every check you write if you write a check.... it's safer to be with paypal
where ONLY paypal gets your account information versus writing a check or giving that information to everyone you do business with.
I would much rather pay via paypal and have that come from my bank account than to give my bank information to a site online I don't know to pay for a
purchase, and paypal has dispute resolution too... which is cool.
Love and stuff,
Michy
~~Infinite Diversity in Infinite Combinations~~
Do just once what others say you can't do, and you will never pay attention to their limitations again." James R. Cook
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Lindsay M
Literary Master
Posts: 4028
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Location: Washington State
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Quote: Originally posted by Melanie  | | Don't you HAVE to get a premier aco[Censored] if you get paid over a certain amount per month? That's what they told me way back
when. I've had a premier account for years, with the debit card, and love it. |
Sorry, totally derailing from the convo... but what did you type to misspell account that made it censored? LOL!
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Michy
Boss(y) Lady / Site Owner / Admin
Posts: 7022
Registered: 1/15/2008
Location: Texas
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Mood: Peaceful
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Acc - unt
[Edited on 3-10-2010 by Michy]
Love and stuff,
Michy
~~Infinite Diversity in Infinite Combinations~~
Do just once what others say you can't do, and you will never pay attention to their limitations again." James R. Cook
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Lindsay M
Literary Master
Posts: 4028
Registered: 7/22/2008
Location: Washington State
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Mood: *Yawn*
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HAAA! 
Sorry to hijack! Good giggle, though.
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Michy
Boss(y) Lady / Site Owner / Admin
Posts: 7022
Registered: 1/15/2008
Location: Texas
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Mood: Peaceful
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I know, I laughed too - some typos are great!
That is, I think, the ONLY word I have censored anymore....LOL
Love and stuff,
Michy
~~Infinite Diversity in Infinite Combinations~~
Do just once what others say you can't do, and you will never pay attention to their limitations again." James R. Cook
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Lindsay M
Literary Master
Posts: 4028
Registered: 7/22/2008
Location: Washington State
Member Is Offline
Mood: *Yawn*
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Yeah, good call. It's really never used in a good context. Well, I suppose unless it's a typo...
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Amber
Accentuate Writer!
Posts: 574
Registered: 6/17/2009
Location: Southern Iowa
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Mood: Tired, but content, after the family vacation.
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I'll think about that, then. And I also wondered what the spelling error had been. lol.
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sharkbytes
Master Writer
Posts: 1051
Registered: 1/17/2008
Location: Michigan
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Mood: anxious for the last 3 miles
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I use Paypal more than my bank account I think. I have a Premier account. Long ago, I had to get one for some reason. Or maybe I just wanted to
because I could get another credit card with it. Yeah, I think that's how I got my Visa card. Anyway, the rules have morphed a lot since the
beginning. I happened to join when it was very new, and once in a while I choose the right thing.
It's nice being able to transfer any amount. I kept all the property tax money there until it was time to pay because they pay more interest than my
bank account.
Remember when a savings account paid 4% ? That would be a dream account now!
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Michy
Boss(y) Lady / Site Owner / Admin
Posts: 7022
Registered: 1/15/2008
Location: Texas
Member Is Offline
Mood: Peaceful
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Yeah - you have to sign up for the money market account, and I'm not sure everyone knows about it - but it's currently around 2-4% - but it has been
as low as .5% there too. Still, it doesn't cost anything to sign up - and so many people don't 'cause they don't know it's even available!
Love and stuff,
Michy
~~Infinite Diversity in Infinite Combinations~~
Do just once what others say you can't do, and you will never pay attention to their limitations again." James R. Cook
-----------------------------------------
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Melanie
Founding Member
Posts: 4632
Registered: 1/17/2008
Member Is Offline
Mood: In the inquisition chamber with the killer.
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Whoops! 
Ah yes, the transfer limit. All my income but Google Adsense comes through Paypal, so I guess I need the premier. Doesn't bother me any.
My first passbook saviings account, when I was probably 12 or so, got 9% interest. Ahhh the good old days. Didn't know how good I had it. Ha ha.
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Cyndee
Literary Master
Posts: 3312
Registered: 5/31/2008
Location: There's No Place Like Home
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Mood: Motivated
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Amber, I have the Premier. I like being able to transfer as much of my money as I want without being told I have reached my limit. I use an extra bank
account that I used for tuition payments when my kids attended a private elementary school. The account is used for nothing else, making it easier for
me to keep track of activity. I prefer the extra account. If something were to happen, it wouldn't screw up all our financial transactions. I did not
get the debit card. The transactions have been taking a day for me.
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