The
PayPal Premier Account
allows you to accept PayPal payments that the buyer makes using their credit card.
That gives you a much greater range of buyers who will be willing to
buy from you. In exchange, you pay a fee on each transaction.
If you do not have a Premier account, the buyer can only pay you using
the checking account that is linked to their PayPal account. That is,
when they pay you, it is debited directly from their checking account
instead of from a credit card.
The basic service is free, but, of course, you'll not be able to take payments from buyers who wish to use their credit card.
Which is better for you depends on how much you intend to sell on eBay
and how big of a pool of potential buyers you want. If you are only
occasionally selling things, you can probably stick with the basic
account. But if you start selling a lot of stuff, you may wish to
upgrade to Premier.
Here's what you can do (and what I did)... stick with the basic account
until someone actually attempts to pay for the transaction with their
credit card. Then, when someone does, PayPal will send you a notice
giving you the option of upgrading to the Premier account (and thereby
accepting the buyer's credit card payment), or denying the credit card
payment and requesting the payment be made from the buyer's
checking account.
However, if you decide you want to stick with the free basic account,
you may wish to indicate in your auction description that you only
accept PayPal payments made from the buyer's checking account.
Hope this helps. Good luck!
PayPal Account Types
PayPal
Account types are designed to provide you with the right amount of
functionality for your needs. There is no cost to set up an account -
no matter which account you choose. You may upgrade your account at
any time.
Compare PayPal Account Types
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https://www.paypal.com
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