How paypal works?I am joined in factoidz ,if i connect it to paypal how much wil

  1. Aneesh3 profile image59
    Aneesh3posted 7 years ago

    How paypal works?I am joined in factoidz ,if i connect it to paypal how much will be they take...

    as fee for transfering 100 dollars from factoidz to my paypal account in India?For factoidz i want to use premitm or personal or business paypal account?There is any rent for paypal per month?

  2. nicregi profile image76
    nicregiposted 7 years ago

    First, set up a free paypal account (personal one would do).

    Paypal is free for life. You need to verify your account by entering the credit card number. Then it will deduct 10 bucks from the your account and it will be refund back to you once you verify it. To verify it, simply call your bank ask for the transaction code for the paypal transaction.

    For transfering fee, it is different for each country. So the rate might vary.

  3. jasoncox83 profile image73
    jasoncox83posted 7 years ago

    Please ignore nicregi's answer as it is totally false. They make two deposits usually in the amounts of less than 5 cents..You input that amount to verify your bank account. As to what they charge, on all accounts no matter which you have as of this year, is a flat 2.9% + 30 cents transaction fees on any money received from a credit card,debit card, bank etc. Only way around this is for the client to send it via paypal, or directly from their bank but not as a service, but a personal transaction. These are the only ways around the fees.
    Also note that there is a 500.00 restriction on how much you can withdrawl in any given month till you meet certain requirements. The different fees between various accounts is now the same among all 3 different types of accounts.. The only difference now is what services are being offered.