Paypal is free for Seller's if you know how!

cary1952

If you have a personal account (no credit or debit cards) the limit of receiving funds from ebay has now been reduced to $500 per month.

However if you SEND an invoice directly from paypal for the merchandise and the party pays from that invoice, there are no fees to receive it once you are past the limit of $500.

Cary

Prethen

Good to know, thanks.

Smittys

So how does that let someone buy your coins using a CC,
Guess they can't, and that turns some people off.
Dollar saved dollars lost???/

Russ

<< <i>However if you SEND an invoice directly from paypal for the merchandise and the party pays from that invoice, there are no fees to receive it once you are past the limit of $500. >>



True, no fees - because once you're past the receiving limit on a personal account you can't receive money at all.

Russ, NCNE

K6AZ

<< <i>

<< <i>However if you SEND an invoice directly from paypal for the merchandise and the party pays from that invoice, there are no fees to receive it once you are past the limit of $500. >>



True, no fees - because once you're past the receiving limit on a personal account you can't receive money at all.

Russ, NCNE >>



That only applies to eBay and web payments. If you are selling say on the BST, you can receive any amount as long as the payments aren't funded by credit cards. I had one month were I accepted over $3000 in our personal account, I believe it was December.

BAJJERFAN

Just make the payment as quasi-cash and you can run a million $$ thru a personal account $10K at a time. The $500 limilt only applies if you state that the payment is for good or services.

cary1952

i guess i didnt make myself clear....... you can receive UNLIMITED amounts of cash on Paypal if you invoice directly from their site, all with NO FEES. No you can't take credit or debit cards, but that is how a PERSONAL account works.

BAJJERFAN

Will keep that in mind then.

mr1931S

"you can receive UNLIMITED amounts of cash on Paypal if you invoice directly from their site, all with NO FEES."

But the customer needs to be in good communication with you to do it this way. I've found that customers will try to pay with a credit card through Paypal right after auction end. Then I have to decline the CC attempt to paym with Paypal. Doesn't seem to matter how clear one makes terms of sale sometimes.