Please read if you use Paypal!
- Thread starter Dawn
- Start date
TISH1124
Well-known member
Quote:
Basically if you have a personal account then you may not be able to use paypal after 6/3 to receive the funds....you must sign up for a Commercial acct is my understanding....but someone please correct me if I am wrong...trying to help
2) Personal PayPal accounts, where all payments except those funded by credit card, are free for the receiver. However, beginning June 3, 2009, personal PayPal accounts will no longer be available for use by anyone who sells goods or services no matter the amount. If you sell a $1 item then you must convert your personal PayPal account to a commercial account and pay fees on all transactions no matter the funding source used. This is a major change and many very small or part-time online sellers won’t see this one coming.
Originally Posted by rbella
No problem, Coach. Although, I still have no clue what is happening. I need to invoice someone for a custom order in a week and I don't know if I can now? |
Basically if you have a personal account then you may not be able to use paypal after 6/3 to receive the funds....you must sign up for a Commercial acct is my understanding....but someone please correct me if I am wrong...trying to help
2) Personal PayPal accounts, where all payments except those funded by credit card, are free for the receiver. However, beginning June 3, 2009, personal PayPal accounts will no longer be available for use by anyone who sells goods or services no matter the amount. If you sell a $1 item then you must convert your personal PayPal account to a commercial account and pay fees on all transactions no matter the funding source used. This is a major change and many very small or part-time online sellers won’t see this one coming.
xxManBeaterxx
Well-known member
If im correct the fee is 4.9%? from the total transaction?
xxManBeaterxx
Well-known member
Quote:
since you cant sell any goods on a personal account, it sounds like you have to upgrade your paypal account to a premiere account? I think the fee for any money you receive is 4.9%
| Originally Posted by TISH1127
Whose fee is this? |
since you cant sell any goods on a personal account, it sounds like you have to upgrade your paypal account to a premiere account? I think the fee for any money you receive is 4.9%
xxManBeaterxx
Well-known member
Heres the link
https://www.paypal.com/us/cgi-bin/we..._update-policy
So it looks like the sellers who dont already have a premium account need to upgrade their accounts in 2 days. Its not as bad as it sounds, it says there is a fee of 3.9% + a small fixed fee (about $.30) for each transaction which is only about $4.20 for every $100 you earn, nothing is free of charge in this world :\ I doubt selling makeup is considered (high risk) fradulent activity so i think were pretty safe to sell!
I bet many of the ladies who sell on specktra are already premium members, so it doesnt really affect us. Just the fee rate got slightly higher.
https://www.paypal.com/us/cgi-bin/we..._update-policy
So it looks like the sellers who dont already have a premium account need to upgrade their accounts in 2 days. Its not as bad as it sounds, it says there is a fee of 3.9% + a small fixed fee (about $.30) for each transaction which is only about $4.20 for every $100 you earn, nothing is free of charge in this world :\ I doubt selling makeup is considered (high risk) fradulent activity so i think were pretty safe to sell!
I bet many of the ladies who sell on specktra are already premium members, so it doesnt really affect us. Just the fee rate got slightly higher.
TISH1124
Well-known member
^^^ If only that was true....Many of us had to file paypal claims regarding fake makeup/fraud just recently.....As many fakes as there are out there it has become very unsafe to buy makeup from many sources....and this was a Specktra source ...so you never know when you need to file fraud claims and from where
Everyone does not want or need a commercial acct to sell a few items here or there or to receive and send money...it actually sounds pretty damn bad if you ask me...it is not only the fees that are being addressed here
I have a business acct already....but I am concerned about the other issues being limited if you read the entire post of changes
Everyone does not want or need a commercial acct to sell a few items here or there or to receive and send money...it actually sounds pretty damn bad if you ask me...it is not only the fees that are being addressed here
I have a business acct already....but I am concerned about the other issues being limited if you read the entire post of changes
soco210
Well-known member
I have both a business and personal account. I opened the personal so my Specktra & LJ buyers wouldn't have to pay fees if it was a non-CC transaction.
This is just absolutely awful of Paypal. I'm setting up my Google checkout right now, I'll never use Paypal again. This is just the last straw with them and ebay. I hope they fall hard and fast. I know that's unrealistic, but I can think it lol
Thank you for posting this! I never read the updates :\
This is just absolutely awful of Paypal. I'm setting up my Google checkout right now, I'll never use Paypal again. This is just the last straw with them and ebay. I hope they fall hard and fast. I know that's unrealistic, but I can think it lol
Thank you for posting this! I never read the updates :\
TISH1124
Well-known member
Why should people be made to open a Commercial account just to receive money from a friend, family member or anyone for that matter. If they wanted to charge a fee for this I could understand...But to say it is not allowed with a personal acct period is a bit much IMO. Everyone does not need a commercial acct that uses paypal and should not be forced to get one.
Beginning June 3, 2009 PayPal user agreement is being amended as follows:
1. Section 4.2 of the user agreement will read as follows:
Beginning June 3, 2009 PayPal user agreement is being amended as follows:
1. Section 4.2 of the user agreement will read as follows:
- “4.2 Receiving Payments for Commercial Transactions and Personal Transactions.a. Fees depend on whether you are making a commercial transaction or a personal transaction. A commercial transaction involves buying and selling goods or services, and payments received when you send a “request money” using PayPal. A personal transaction involves sending money to and receiving money from friends and family without making a purchase.
b. If you are selling goods or services, you may not ask the buyer to send you a personal payment for the purchase. If you do so, PayPal may remove your ability to accept personal payments.”
soco210
Well-known member
soco210
Well-known member
Quote:
The card and the speed in which you would get your cash should stay the same. From what I gather, fee wise, it will be more beneficial for everyone to just upgrade to a premier account.
Paypal sucks.
| Originally Posted by BEA2LS
aw man, i just was getting into paypal and ebay again 
will this delay in getting the funds? my paypal debit card expired and a new one was sent to me.. will i still get the cash pretty quickly? i am selling stuff to pay my cable bill... |
The card and the speed in which you would get your cash should stay the same. From what I gather, fee wise, it will be more beneficial for everyone to just upgrade to a premier account.
Paypal sucks.
BEA2LS
Well-known member
thanks, i already had a premior account because a couple of years back i used to be a seller for ebay (mostly handbags) so i guess not too much will affect me.
paypal does suck, though - one time a buyer said she never recieved a coach bag she bought from me. i supplied paypal with the delievery confirmation number and they still froze my funds until the girl decided to log on and commented that she "forgot she recieved it" and took the complaint against me off. it took three weeks for me to get paid for something i shipped out!
paypal does suck, though - one time a buyer said she never recieved a coach bag she bought from me. i supplied paypal with the delievery confirmation number and they still froze my funds until the girl decided to log on and commented that she "forgot she recieved it" and took the complaint against me off. it took three weeks for me to get paid for something i shipped out!
EnchantedBeauty
Member
OMG this is RIDICULOUS!
soco210
Well-known member
Thanks TISH!
I think I'm going to have to stick to Paypal unless someone from the US or UK wants to pay me via Google, since I have that set up now I can accept it. It just sucks Google won't accept from other countries.
BEA2LS - Paypal is definately NOT seller friendly. No one likes to see the email that they have a complaint against them, that's for sure! I see honest people get scammed all the time and Paypal does nothing, because they've made their money
That being said they aren't really buyer friendly either. I'm sure everyone has their own horror story or at least knows someone who has been through it with PP. It's just a shame that in the economy we're in Paypal/eBay is doing this. They are the leaders and they know it.
I think I'm going to have to stick to Paypal unless someone from the US or UK wants to pay me via Google, since I have that set up now I can accept it. It just sucks Google won't accept from other countries.
BEA2LS - Paypal is definately NOT seller friendly. No one likes to see the email that they have a complaint against them, that's for sure! I see honest people get scammed all the time and Paypal does nothing, because they've made their money
That being said they aren't really buyer friendly either. I'm sure everyone has their own horror story or at least knows someone who has been through it with PP. It's just a shame that in the economy we're in Paypal/eBay is doing this. They are the leaders and they know it.
