How much should I pay for PayPal's premier account ?

Question

How much is the monthly cost of PayPal's premier account ?

Answer 1

The fees are on a transaction by transaction basis.

Generally 30cents plus 2.9% of the money received.

If you plan to sell on eBay, you don't have a choice, you must offer Paypal.

Answer 2

Paypal offers different accounts. Merchant account and personal account. Personal accounts are free.  You may send money as you like and receive domestic cash transfers only (from abank account or existing paypal balance). Includes e-checks.  Merchant accounts are fee-based but you do not pay a monthly fee for it. (To offer paypal on Ebay- you will need premier account)

The fees (unless they've changed) are .30 per transaction plus 2.9%.   You can accept foreign and domestic payments from credit cards as well as cash transfers.  

Paypal reduces fees for merchants with certain sales volume.  You have to sell over 3,000 a month to qualify.  Up to 100K per month to qualify for 1.9% fee.

https://www.paypal.com/us/cgi-bin/webscr...

You can get a paypal debit card which spends money directly out of your paypal account and recaptures a % of the fees you've paid.  

Some FAQs from Paypal:

Upgrading to premier:

There is no fee to upgrade your account. Once you have upgraded your account, you will be charged the same fees as other Premier and Business accounts.

Fees:

1.9% to 2.9% + $0.30 USD on ALL transactions.

(depends on volume)

https://www.paypal.com/us/cgi-bin/webscr...

P.S. Something new I just discovered- personal accounts can receive up to 5 credit/debit funded payments a year  but the fees are a little higher: 4.9% + $0.30 USD (limit of 5 transactions per 12 month period)** for domestic or U.S. transactions