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Argus · 12-04-2001, 09:20 AM

quote:
Originally posted by Cloudbringer:
Dan, I think Argus is right. When I collected for the wedding gifts I had to open a Paypal acct.. (wow...wonder if it's still active or I can remember pw's?!) anyway, one thing that I found out was if anyone pays with a credit card or your balance transfered in goes over $100 in a month you need the premier acct. I don't recall if 2% is the amount of the fees, it may be that now. I seem to recall it being 1.66 or some weird fraction and that amount is deducted from all transactions coming in...might only be those over $20, I'm not sure.. but Paypal can tell you. In fact if your acct gets more than $100 in a month or someone pays with the credit card, they'll email you about it!

Cloudy

The 2% or whatever it is though is only deducted from what you receive. As far as I could tell there's no upfront/fixed cost to worry about. I would suggest bumping up to premier...with 5000 members based around the world it might be the cheapest and most efficient way to manage donations.

12-04-2001, 09:20 AM	#43
Argus The Magister Join Date: June 7, 2001 Location: Moscow, Russia Posts: 111	quote: Originally posted by Cloudbringer: Dan, I think Argus is right. When I collected for the wedding gifts I had to open a Paypal acct.. (wow...wonder if it's still active or I can remember pw's?!) anyway, one thing that I found out was if anyone pays with a credit card or your balance transfered in goes over $100 in a month you need the premier acct. I don't recall if 2% is the amount of the fees, it may be that now. I seem to recall it being 1.66 or some weird fraction and that amount is deducted from all transactions coming in...might only be those over $20, I'm not sure.. but Paypal can tell you. In fact if your acct gets more than $100 in a month or someone pays with the credit card, they'll email you about it! Cloudy The 2% or whatever it is though is only deducted from what you receive. As far as I could tell there's no upfront/fixed cost to worry about. I would suggest bumping up to premier...with 5000 members based around the world it might be the cheapest and most efficient way to manage donations.