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Why pay 3 Paypal fees?

I am wondering why more people aren't using paypal direct withdrawl from your bank account for payments? There is no fee for this transfer.

It is instant not like it used to be when it took several days to complete.

It is the only service I use and I have never had a disputed payment or any problem, and I have never been charged any fees.

If you are concerned about too much information about your accounts going out, simply open an account just for this purpose and transfer funds into it when needed.

I am curious as to how many people actually know this is a payment option?

Russ
leatherneck1812
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drubin
3,274 posts
 
The direct withdrawal thing requires that you have a "personal" account. This means that both you as buyer and those who buy from you must use direct withdrawal or some other form of non-credit card payment. It's a great thing, but I finally abandoned it in favor of an upgraded account for some reason that seemed very good at the time. Now when someone sends me money, PayPal takes its cut.
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restock
831 posts
 
As for the different accounts:

- Personal accounts:
Plus: fee free receiving of money
Minus: receiving limit of $500, no other payments acceptable
cannot be used to pay someelse with credit card

- Premier Accounts:
Plus: receiving and paying with credit card possible
Minus: always a fee, even on direct transfers

Thus if you like to implement this as a seller, one needs two accounts. The personal one for free transactions below $500, the other one for everything else. Also, both paypal account must be linked to separate bankaccounts as paypal does not allow to link both to the same account. It is implementable but at a great hassle for the seller.
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