Tuesday, March 19, 2013

How to Avoid Paypal Fees


1. When you first establish a Pay Pal account it will automatically be set up as a personal account. Keep it this way! Do not upgrade to a premier or business account or you will incur fees for many PayPal deposits and credit card transactions. A personal account is perfect for people who are simply buying items on ebay or getting monthly deposits from a site like ehow.com.
2.
If you're a novice seller on Ebay don't accept debit or credit cards. Pay Pal will charge you almost 5% of the sale price plus thirty cents to receive a credit card payment. Instead, ask your buyers to do an instant Paypal transfer, issue you a Paypal echeck, or pay with the balance in their account. This way, it's free!
3. When making a withdrawal, transfer the money to a linked checking or savings account instead of requesting that Paypal issue you a check. For a check to be printed and mailed to you - you'll face a $1.50 Paypal fee.
4.
You can also draw off your paypal balance, for free, by opening a Paypal debit card. You can use it anywhere like a bank debit card. As soon as the money is in your paypal account, there's an available balance on your debit card.

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