PayPal Premier Account

We’re going to pick up with the Premier Account and explain the advantages of having one.

There are actually very few differences between the Premier Account and the Business Account. However, there are a number of differences between both of those accounts and the personal account.

Premier Account – As with the Personal Account, you also get 24 hour customer service, fraud protection and the ability to send money, but that is where the similarity ends. If you want to do business on Ebay, which you need a PayPal account to do, then you must at least have a Premier Account. Otherwise your Ebay access is quite limited. Also, if you want to be able to accept credit card payments, you will also need to have a Premier Account. Also, with a Premier Account, you can get a PayPal ATM or Debit Card. Also, your
merchant services, which we will explain in greater detail later on, are greatly enhanced. Wait until you see all the things you can do with a Premier Account.

So, the question most users ask is simply, “Okay, what’s the difference between a Premier Account and a Business Account?” Well, the differences are subtle but they are there.

Business Account – While a Premier Account can accept most payment types, a Business Account can accept ALL payment types, which makes this a very powerful account. Plus, you can have multiple email addresses, which you can’t have under a Premier Account. This means if you have several businesses that you run, and
want to accept payments from multiple email accounts through PayPal, you can do this with a business account. On top of that, with a Business Account, you can do business under your company name, which you can’t do under a Premier Account.

A business account is just that, an account for people who are serious about doing business online and don’t want any restrictions placed on their account. The downside to a business account is that the fees are a little higher than with a Premier Account. However, because the potential to do more volume is there, if you expect to do a lot of business, the Business Account is certainly worth getting. The advanced merchant
tools for a business account really make it a no brainer.

If you are unsure of what account to start off with, you can always just start with the personal account and work your way up as you need to. You will find that as you want to do things with your personal account, just like I found, PayPal will give you their very polite, “sorry, this isn’t available for your account” and then you will ultimately decide, or not, to upgrade. Remember, there are no fees simply for having the account. There is only a fee when you sell something.

In our next installment, we’re really going to start diving deep into the PayPal site itself. There’s a lot to cover so we’re going to take this nice and slow.

See you then.