Is the PayPal Personal Account No More Free?
By preethaanju
@preethaanju (3000)
India
March 29, 2010 3:59am CST
Is it true that Paypal now charges a minimum 1.05$ for even personal account holders? It was supposed to be free for small time earners. Is there anyway we can override this new bank policy is it mandatory for all?
2 responses
@Wismay (2037)
• India
29 Mar 10
Hi Preethaanju!
PayPal fee is 2.9% + $0.30 or something like that. It was also there earlier but one could choose 'Personal Payment' and avoid fee. But now 'Personal Payments' are not available for Indians. So the fee is applicable to all the transactions.
Bank policy? You mean, providing PAN and 'purpose code'? If so, then, yes it is mandatory for all Indians. And one cannot withdraw funds without providing those details.
Happy Mylotting!
@preethaanju (3000)
• India
29 Mar 10
i have to tranfer 3dollars to my paypal account. How should i go about it without having to pay any charges?
@Wismay (2037)
• India
29 Mar 10
Currently you cannot send without getting charged the fee. If you want $3 then the amount must be $3.50
They say that personal payments will be reinstated but it might take many months!
So it seems there is no way right now to send money without fee at PayPal. Alertpay though gives that option to starter accounts.
