Question about paypal

[CowboysCollector]

So when I go to set up an account most go with a personal account right because it is free? Then when and if I sell a card and I'm getting paid via paypal do I send them a PM and tell them my ID and all is good or is more required? Also when I get my payment do I get all of it or does paypal take some of it? I read through paypal help but didn't find to much on fees.

[MarkForce]

Its free to open an account...and...if you open a PERSONAL account (theres an option to check when you sign up)...it wont charge you any fees if you dont accept more than 5 payments per year. If you open a personal account, then accept your 6th payment, itll take fees from that one, and then charge you for the 5 previous (I think.) The fees they charge are minimal...but quite annoying. Theyre MUCH more annoying when dealing with payments >10$.

The following is copied directly from the PAYPAL site...sorry about the formatting...

Fees


Personal Account Premier/Business Account
Open an Account Free Free
Send Money Free Free
Withdraw Funds Free for bank accounts in the US
Fees for other banks Free for bank accounts in the US
Fees for other banks
Add Funds Free Free
Receive payments funded by PayPal Balance, PayPal Instant Transfer or PayPal eCheck Free 1.9% to 2.9% + $0.30 USD
Receive payments funded by Credit Card, Debit Card or Buyer Credit 4.9% + $0.30 USD (limit of 5 transactions per 12 month period)** for domestic or U.S. transactions

2% + applicable Fees Fees for cross border payments

4.9% plus $0.30 USD for card payments received using PayPal on Skype 1.9% to 2.9% + $0.30 USD
Multiple Currency Transactions Exchange rate includes a 2.5% fee**
Fees for cross border payments Exchange rate includes a 2.5% fee**
Fees for cross border payments


** If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction. View Currency Converter

** Personal accounts may not receive payments funded by credit card, debit card or Buyer Credit for eBay or eBay Express transactions without upgrading to Premier or Business accounts.

Does not apply to Website Payments Pro or Virtual Terminal.

[TurdFerguson]

Those 5 payments are credit card payments, not balance transfers.