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  #1 (permalink)  
Old 06-08-2008
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Thumbs down Why Paypal Cut my Money?

I do not understand today that why paypal cut my money. Today I got $10 from a site. but I got a mail from paypal that says -

"Consider an Upgrade

Note: You can only accept up to 5 credit or prepaid card payments annually with a Personal account.

A Premier account allows you to accept credit or debit card payments for only 3.4% plus $0.30 USD per transaction, plus you get these exclusive benefits:

Let buyers pay you faster when you accept PayPal from your auction listings and automatically request payment from your buyers
Receive our chargeback and seller protection at no additional cost
Save time with our shipping, tracking and reporting tools

Sincerely,
PayPal "

When I accept my $10 then they cut 0.89 cent from $10. I don't know why its happend??
I have a personal account and I am not a verified member. Then Why They cut my MOney. ??

Did it happend u also. Pls reply.
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Old 06-08-2008
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Default Re: Why Paypal Cut my Money?

There are some transection fee for the Premier account user. I do facing the same thing previously. If you do not want your money get cut, you might consider to open another account
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Old 06-08-2008
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Default Re: Why Paypal Cut my Money?

well the similar thing happened to me also. For me more money was cut since i had $20 to recieve from ximmy.
Well, i think if they pay through card then they will cut money
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Old 06-08-2008
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Default Re: Why Paypal Cut my Money?

There are charges and fees if use credit card/debit card.

Receive payments funded by Credit Card, Debit Card or Buyer Credit 4.9% + $0.30 USD
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Old 06-10-2008
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Angry Re: Why Paypal Cut my Money?

Quote:
well the similar thing happened to me also. For me more money was cut since i had $20 to recieve from ximmy.
Well, i think if they pay through card then they will cut money
Hi, Archy22 , Pls tell me its only happend when u recived ur money only ximmy site or any other site. ?? How much they cut from u ? Its really bad. If its happend then i will delete my paypal account.
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Old 06-10-2008
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Default Re: Why Paypal Cut my Money?

You don't get charged based on the site that sends it to you, it is because the PayPal person that paid you, they paid you with Credit/Debit card. If you have a personal account, you will only get charged on those types of payments.
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Old 06-12-2008
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Default Re: Why Paypal Cut my Money?

Serenacyh and Greyian are right.

For paypal personal account, if the sender pays by their paypal account balance you will not be charged a fee. If the sender pays by credit/debit card, you will be charged a fee and this fee is much higher than the fee charged for a paypal premier account.

For paypal premier account, you will be charged a fee regardless of whether the sender sends you through their paypal balance or credit/debit card.

A solution to this is to open another premier account and ask the send to send it to the account if they are using credit/debit card.

And YES, paypal allows one personal and one premier account per person.
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Old 06-13-2008
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Default Re: Why Paypal Cut my Money?

hey paramita...
ximmy cut 2 USD from my money transfer. Dont know if ximmy did that or paypal.
Well, many other sites that paid me through credit card also cut fees
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Old 06-14-2008
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Default Re: Why Paypal Cut my Money?

Quote:
hey paramita...
ximmy cut 2 USD from my money transfer. Dont know if ximmy did that or paypal.
Well, many other sites that paid me through credit card also cut fees
These high fees are exactly the reason why I closed my paypal account and now use moneybookers or Alertpay! They are much cheaper and much faster and you can easily verify your account without a credit card.
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Old 06-14-2008
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Default Re: Why Paypal Cut my Money?

Heynsanne, PayPal doesn't charge personal accounts ANY fees, except on credit/debit card payments. I know that AlertPay also charges on these types of payments!
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