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PayPal Question - bank account?

chakotha · 2004-09-14 11:44:24

Hi hope you can help A client is thinking of using PayPal to get set up quickly to accept credit cards on her site. This client has not registered a business and has a personal current bank account. I just wanted to doublecheck that she can transfer funds back into her personal account from PayPal and doesn't have to have…

14-09-2004 11:44am

#1

chakotha

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Hi hope you can help

A client is thinking of using PayPal to get set up quickly to accept credit cards on her site. This client has not registered a business and has a personal current bank account.

I just wanted to doublecheck that she can transfer funds back into her personal account from PayPal and doesn't have to have a business acount before I recommend she registers with them.

Many Thanks

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Comments

#2 14-09-2004 11:49am

nahdoic

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That is correct.

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#3 14-09-2004 2:03pm

Seth Brundle

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...for a small fee of course

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#4 14-09-2004 2:07pm

FX Meister

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it's fine, they do charge commision though, I think it's something like 3%

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#5 14-09-2004 4:33pm

chakotha

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From their site, within Ireland the rates are 3.4% + €0.35 EUR for low volume (< Eur 2500 per month). Within Europe across a border, 3.9% + €0.35 EUR and to the US 3.9% + $0.30 USD.

I've been looking into Merchant Accounts and with the monthly gateway and statement fees maybe it's better to get turning over with PayPal before applying for one.

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