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Author: Subject: Setting up Paypal accounts - change of topic
B-Roc
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[*] posted on 25-5-2009 at 05:26 AM
Setting up Paypal accounts - change of topic


The Paypal issue is more interesting to me than my original post so I'm going to change it to that topic only...

... how does paypal work? I've got one inquiry from a serious buyer to ship kites but he wants to pay via paypal and I don't have an account for that. Do I specifiy a bank account to accept the money from the buyer or how actually do I get to the money that the buyer would pay me via paypal?



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[*] posted on 25-5-2009 at 05:33 AM


you need to set up a paypal account. you select an account you want to use or a card. its real easy. just dont forget that pp charge for the service so you dont get whats paid in. also if you use it to buy stuff then you are insured in case the seller doesnt send the item and you get your money back.



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[*] posted on 25-5-2009 at 06:01 AM


I doubt that you would be liable for damages, if you had not written on the internet that you had qualms about selling the kite to a newby. If you are worried, get the purchaser to give you a signed waiver saying they understand that this is not a toy and that improper use is likely to cause serious injury or death. Stores do not seem to have much qualms about it as I have seen a 140lb., 74 YO man sold a 5m as a starter kite.
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[*] posted on 25-5-2009 at 08:01 AM


Bro, those are JoJo instincts and those are Beginner kites through the intermediate gap. The only JoJo's you don't sell 2 newby's are the SC, RS, RM, and RM+ which are race kites any of the other JoJo kites are just fine for the newby to intermediate level flyer.

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[*] posted on 25-5-2009 at 12:27 PM


Definitely get a paypal account set up and get the merchant account if possible that allows you to accept credit card payments that are sent to your paypal account and once you receive the payment you can send the money right to your personal bank account. I think the fees are around 3% or something like that for the use, but it sure makes things easy. I have used it for a couple of years and no problems. Also makes the buyer seem a little bit more serious to me. Good luck and I wish I could buy that 8.5 I love the air time you can get with one. :Ange09:





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[*] posted on 25-5-2009 at 04:49 PM


Quote:
Originally posted by shehatesmyhobbies
Definitely get a paypal account set up and get the merchant account if possible that allows you to accept credit card payments that are sent to your paypal account and once you receive the payment you can send the money right to your personal bank account.


I'm looking at the Paypal information. Is all of it free to sign up? Looks like I can just choose "merchant/business" or "personal". Is that all there is to it? Same fees for both but more options for business?

But the merchant one asks for the name of the store and average sales, etc. Do I just make that up or will it be verified?

If I use the personal one, can only people with PayPal accounts pay me or can I accept credit cards too? And how do you get the money on a personal account?



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[*] posted on 25-5-2009 at 05:56 PM


This is probably the most straightforward view of the differences between the personal and business accounts.

https://www.paypal.com/us/cgi-bin/webscr?cmd=_display-fees-o...

The most significant differences between personal and business accounts.
  • Business accounts are charged for bank backed funds, while personal accounts aren't.
  • For receiveing card backed funds, personal accounts are charged a higher service fee than business accounts.
  • A personal account can only accept 5 debit or credit card backed transactions per month.
  • A personal account can only accept $500 in credit or debit card backed funds.
Funds on all accounts are transferred the same way. If you have a positive balance on your Paypal account, you transfer it to the bank or card that you have on file.

If you don't transfer the balance, it is automatically used as part of the default funding source for your next purchase.

Quote:

But the merchant one asks for the name of the store and average sales, etc. Do I just make that up or will it be verified?

You should be able to set up a Premier personal account and not a Business account.
-----------------------------------------------------------------------------
Premier accounts are for members who will have a high transaction volume, need to accept credit card payments, or would like access to our special features not offered with Personal accounts. Premier accounts include all the benefits of Personal accounts, as well as our special features.

Business accounts allow you to do business under a company or group name, accept all payment types for low fees, and accept payment from customers without PayPal accounts. Business accounts include all of the benefits of Premier accounts, as well as our special features.
-----------------------------------------------------------------------------

Hope that helps.

ATB,
Sam
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[*] posted on 25-5-2009 at 06:40 PM


Paypal uses your credit card to send and receive money, with your email address as the account number - so nobody get your CC number :)
You gotta pay PayPal fees if you're receiving money and to get a Premium account you gotta pay a few bucks too but that's no hassle.
Paypal also gives you a limited sort of protection, if the deal goes wrong ... but you'll have better luck with your CC company apparently ...



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[*] posted on 26-5-2009 at 05:57 AM


thanks for all the info!



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[*] posted on 26-5-2009 at 01:49 PM


B-roc you can just use my paypal account. I will handle everything :evil::evil::lol:



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[*] posted on 26-5-2009 at 02:20 PM


Quote:
Originally posted by dgkid78
B-roc you can just use my paypal account. I will handle everything :evil::evil::lol:



That's AWESOME :thumbup: You are the best :singing: If they can't pay with credit cards, can you just collect the cash for me too :rolleyes:;):spin:



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[*] posted on 27-5-2009 at 02:30 PM


OK, so now I've got my PayPal account set up. If someone is willing to buy my kites (anyone in the US, anyone???) when requesting money, do I specify "goods" or "auction goods, non-ebay" does it matter? And do I simply put in their email address and they get billed and the money shows up in my account if they buy?



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[*] posted on 27-5-2009 at 02:39 PM


Have only had a few money requests. Generally, an amount is agreed on through emails/forum postings. Then the seller emails, U2U's, transmits by trained falcon the email associated with they paypal account and I send the funds.

Basically "push" instead of "pull", but what you outlined works too.

Would just put "goods".... generally that's what I have put on most/all forum kite purchases. They might run stats on that one every 10 years. Never really clear what if anything they do with that field.

ATB,
Sam
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