PAYPAL Problem

[deaddevil]

I received 7 payments today of 1$ and 2$.

I am a unverified buyer at paypal as I have not added a credit card.

Also paypal automatically accepted the payment from 6 but did not accept payment from 1 person , when I click on accept it gives me the following message.

Choose one of the following options to accept payments:

Option 1: Upgrade to a Premier account and accept payments.
If you expect to receive more than 5 credit or debit card payments per year, or are building a

business, we suggest upgrading to a Premier account.

Premier accounts offer a low transaction rate of 3.4% plus $0.30 USD per transaction (see

our rates) and exclusive Premier benefits:

* Accept an unlimited number of payments and offer users more ways to pay, including

credit and debit cards.
* Receive our chargeback and antifraud assistance plus Seller Protection at no additional

cost.
* More Premier account benefits




Option 2: Keep your Personal account status and accept this payment.
Choose this option if you expect to receive fewer than 5 credit or debit card payments per

year.

A Personal account lets you accept 5 credit or debit card payments annually. You can accept

5 more credit or debit card payments before 23-Jan.-2008.

To accept this payment for a low transaction rate of 5.9% plus $0.30 USD without upgrading

your account, click Accept This Payment.

Now which option is beneficial for me.
Will there be be some amount cut from my paypal money?? how many times in a year will it be cut,
Please I need someone to explain the message!

[Spartan Erik]

I believe it's better that you become a verified PayPal member (I'm verified, and have been for so long I forgot when I was unverified!)

[Nikolasr]

hey sorry for this but it's security buying from internet and pay money from credit card?

[deaddevil]

But I want to know about which of the above 2 options are better?
And why?
Should I upgrade or should I remain normal.
I do not have credit card, so if I verify by adding credit card will I still have to upgrade and will they charge taxes for this?

[Nikolasr]

you need to have credit card to verify your account at paypal.com

[Spartan Erik]

I don't know why they would tax you; I believe it's beneficial to upgrade since the transaction rate is decreased (i.e. if you were to send money, you would be charged less).

Seems to me that if you stick with what you have, your transaction rate will be higher, but if you don't plan on sending money to anyone you shouldn't worry. You will only be limited to receiving 5 payments a month.

As far as I know, PayPal makes its money by charging a % of money that you SEND, not receive.

[bugfinder]

I think if people pay direct from their banks you'd be ok, but to accept credit or debit cards you need to upgrade, and they do charge you 3.4% + 30cents (as it says)

[animerth]

can't you use a bank account to verifiy ?