mylot

United States
December 31, 2008 9:35am CST
Does anyone know if the paypal account has fees for everytime money goes into it? I went to the paypal website, and I saw that there were some fees.
2 people like this
2 responses
@stealthy (8181)
• United States
31 Dec 08
The last time I checked it depended on both the type of account you have and how the money is payed into your account. They had three types of accounts: Personal, Premiere and Business. Basically with the Personal account there are no fees if money is payed into your account from another Paypal account but if it is paid by credit card then the fee is 4.9% plus $0.30 USD. For a Premiere account the fee is 1.9% to 2.9% plus $0.30 USD for all payments into your account. This information is several months old and is for U.S. transactions (you would have to check at Paypal to see what the fees are for countries other than the U.S.) but I doubt if it has changed. For a personal account there is no fee for a payment made by Mylot into your account.
@laglen (19759)
• United States
31 Dec 08
I have had a pay pal account for over 10 years. The only time I have had fees, when I sell on Ebay, they charge me a few pennies to process payments.