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Saturday, January 8, 2011

Paypal Fees Info Personal Account & Premier/Business Account

Paypal charges different fees if you hold a personal account and different fees when you hold a Premier/Business account and this is not only on the transactions of recieving money but on multiple different kind of transactions ranging from withdrawing money to transferring funds. Check out this table for getting a clear idea on how paypal charges fees on your transactions.

Type Personal Account Premier/Business account
Open an account Free Free
Send money Free Free
Withdraw Funds Free for Rs.7,000.00 INR or
more, Rs.50.00 INR for Rs.6,999.99 INR or less to bank accounts in India
Free for Rs.7,000.00 INR or
more, Rs.50.00 INR for Rs.6,999.99 INR or less to bank accounts in India
Add funds Free Free
Accept the following funded
payments:
* PayPal Balance
* PayPal Instant Transfer
* PayPal eCheck
Free 2.4% + $0.30 USD to 3.4% +
$0.30 USD
Accept credit or debit card
funded payments
5.4% plus $0.30 USD. No
transaction limit for payments sent via Skype, otherwise there is a limit of
5 transactions per year
5.4% plus $0.30 USD for card payments received using PayPal on Skype
2.4% + $0.30 USD to 3.4% +
$0.30 USD
Multiple currency transactions Exchange rate includes a 2.5%
fee. 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.
Exchange rate includes a 2.5%
fee. 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.

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