Paypal now charge fees on Personal accounts
Friends,
Recently there has been a new policy updated by paypal. Paypal will now charge fees on personal accounts as well. Previously the fees were only applicable on Business and Premier accounts but now if you receive payment in your personal account, you will give away some fees to paypal.
There has been a lot of discussion going around about this change amongst people. Some people do not find this change as the effective step from paypal. Because this will effect for small payment receiver or freelancers.
In between let me tell you about the personal tab payment. If senders send a payment via PERSONAL TAB from his account, then you will not charge for any fee. Paypal consider this transaction as personal (Send money to your family members, friends, gifts. However, if you do not receive payment via personal tab then paypal will consider the transaction as commercial transaction and you will be charged for it.
Receiving payments via personal transaction is always good and free of cost but be careful about receiving it in no time. I mean to say if you receive such payments in bulk then it might cause you problems and paypal can limit your account.
In short, all the three accounts (Personal, Business & Premier) are now chargeable.