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Does PayPal premium account cost more?

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Posted

I am fairly new to PayPal, but I was just asked by PayPal to upgrade my account in order to accept a payment from someone with a credit card. It now says that I have a premier account, which kind of scares me. Anyone know if it costs anything? I have looked everywhere and it doesn't say anything about an extra cost. All help is very appreciated. Thank you!

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Posted

It does not cost anything to be using a Premier account.

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Posted

No there is no cost.

However there is a small fee to recieve money, this is to cover costs associated with what the credit card companies charge them and also when you have a premier account you get dedicated priority 24/7 support.

Personal accounts have no fees however you can only accept payments funded with a bank account.

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