You can send payment via credit/debit card, e-check, instant transfer (Paypal balance) or bank transfer. You can receive e-check, instant transfer & bank transfer payments. If someone sends you a payment made via credit/debit card, you'll receive a notification via email and your Paypal account will have two options (ACCEPT) and (DENY).

Sellers sometimes only have personal accounts and they are unable to accept credit/debit payments.

Technically, it's against Paypal's policy to charge someone a fee for sending payment via credit/debit. However, it is common/accepted practice for sellers to ask for a surcharge.

The cost of having a Premier (upgraded) account is 2.9% of the amount sent + .30 transaction fee.

If you send someone $100 using a credit/debit card, Paypal will take $2.90 upfront plus .30 for a transaction fee. That means the seller ends up with $96.80 for the payment.

If the seller asks the buyer to add $3.10 for Paypal fees, the buyer would send $103.10 & Paypal will take $2.99 + .30 for a transaction fee.

A seller who has a single Paypal account and it's a Premier account will end up paying fees on every payment received, regardless of method (credit/debit card, e-check, or transfers.)

Hope that helps....

Does this mean I HAVE to make a PP acct. inorder to purchase stuff from fellow specktrettes?

Not neccessarily. But from what I see alot of people accept it.

__________________