01-06-2009, 08:49 AM
Vinh Thi Designs
Join Date: Aug 2007
All about Paypal
There are 3 basic types of payments-fees are now charged regardless of account type:
Funded/instant means you have the money in paypal, OR you do a transfer from your bank account and have a credit card linked to your account for backup. The money is instantly in the seller’s account.
Funded/echeck means you do a transfer from your bank account and do not have a credit card linked for backup. The money takes several days to clear the buyer’s bank and be deposited into the seller’s account.
Non-funded means you’re using a credit card/debit card (paypal treats debit cards the same as credit cards).
Fees (based on what type of account the seller has and what type of payment the buyer send):
Personal accounts can accept up to 5 credit card payments per year, and are charged 4.9%+$.30 per transaction.
Premier accounts can accept unlimited credit card payments, and are charged 2.9%+$.30 per transaction for ANY transactions.
Printing through paypal:
Click on the button for shipping to print a label. You cannot print First Class International through paypal. You CAN print international priority. Flat rate envelopes can be used for domestic OR international, just be sure to choose that option and it will charge the rate depending on whether it’s domestic or int’l.
You can also print labels for packages even if you don’t have a paypal payment. Just go into ‘multi-order shipping’ and click on ‘create new’ and enter the details. Or use www.paypal.com/shipnow
Once you upgrade to Premier, you cannot downgrade back to personal without calling paypal, and they only allow you to do this one time.
Paypal calculator will calculate fees for you. Default is set to 2.9%, so if the seller has a personal account and has agreed to accept a cc payment, be sure to change it to 4.9%.
Each paypal account requires a different bank account/credit card. You cannot have 2 accounts linked to the same bank account, unless you have different suffixes on your account (i.e., one for checking, one for savings).
2009 Postal Holidays:
- Thursday, January 1 - New Year's Day
- Monday, January 19 - Martin Luther King Jr's Birthday
- Monday, February 16 - Washington's Birthday (President's Day)
- Monday, May 25 - Memorial Day
- Saturday, July 4 - Independence Day
- Monday, September 7 - Labor Day
- Monday, October 12 - Columbus Day
- Wednesday, November 11 - Veterans Day
- Thursday, November 26 - Thanksgiving Day
- Friday, December 25 - Christmas Day
- Friday, January 1, 2010 - New Year's Day
Stephanie, Mom to Dylan Vinh (3/06) and Madison Thi (7/07)
Last edited by momof3boys1girl; 06-01-2011 at 07:21 PM.