I am setting up a Paypal account so that I can buy and sell items and receive payment through Paypal. Do I need a "personal" or "premier" account? I am confused. Thanks.
Man trying to read the rules / fees on the Paypal site has my head spinning. If I want to buy using Paypal and accept Payment on goods I sold using Paypal which will have the lowest fees?
The only time that there is a difference in fees is if you have a business account that you are setting up through Paypal.
Premium is the way to go. The personal account is more for sending and receiving funds from account to account. With a premium account the sender of the money can pay by credit card and you can send and receive payment through a credit card.
I think the difference is that the personal will only limit you to a total of $1000 in spending money (all transactions together), premium has no limit.
Hey thanks for everyone's help. I set up a Premier account. I am waiting for it to be "verified". Going to post some frags for sale in the next few days.