PayPal Personal or Premium Account

[s4x4tt4ck]

For lack of a better place to ask these questions, may I know when fellow SOTWers transact using Paypal, what accounts do you have with Paypal (if you do not have a business) - Personal or Premium? I understand that Premium allows credit card payment by the buyer and there is a fee asscociated with it. I guess if you have a Personal account, the buyer will have to have a Paypal account to transfer the fund to the seller and will be a more tedious process? Does this also mean that if you have a Paypal account and you have bought something, sending the money to the seller will be free of fees?

I am new to Paypal transaction hope you can help me understand. Thanks.

[Morry]

Sending money to the seller is free. Getting money directly from someone's checking account is free with the Personal account. However, if you want to receive payments from a credit card, then you have to sign up for the Premium account, for which Paypal charges you 3% of each receipt. The crappy thing is that they take the 3%, even if the transfers are from a checking account, once you become a Premium member.

[Dr G]

Do you know whether you can revert to a personal account from premium status?

[JazzMan_4_Jesus]

I use the personal account and it works great. I am not sure if you can revert though?

[Mark5047]

Actually you can revert back to a personal account but it isnt easy to find, and you can only do it once - so be sure its what you want to do.
The way I found it was just click on 'help' and type in 'downgrade account' and it will provide a link for how to accomplish the downgrade.