What are the pros and cons of paypal premium?

If you are an Ebay seller and sell lots of stuff on ebay then a premium account is good to have. You can accept any and all kinds of payments. One benefit that they do not make well known is you can get a paypal debit card. You must link your bank account to paypal. It is free. Actually you will make a couple cents doing it as they make 2 small deposits to verify your bank account. The disadvantage is when someone pays you with paypal there is a nominal fee. It is usually so small compared to the payment that it doesnt really bother you. I hope this helps you. Also, you will have the option ONCE to switch back to your personal account if you don't like the premium account.

You can have both a personal account and premium account at PayPal. If I remember right, the personal account has certain limits on the amounts you can transact esp. if you have an unverified (i.e., without a bank account linked to your PayPal account). The premium account allows payment by customers to your PayPal using credit cards. I think there are fees involved. In any case, since you can have both accounts, just add a premium account later if you need it.