Are there extra fees for a PayPal Premier account?
If you are using paypal to sell items online, you need a Premier (or better) account rather than personal. Paypal states: Our fees are the same for Personal, Premier, and Business accounts.   [...] If you use your PayPal account to request money from someone,   you'll be charged a fee when you receive the payment. "Summary: the fees used to differ but no longer do. Fees are the same. If you have a personal account, feel free to upgrade it to premier to get access to more features. Longer answer: the two account types USED to differ but that changed a few years ago (maybe circa 2011?). PayPal wants person-to-person payments to be free (except where they must pass along credit card charges or else they would loose their shirt) but wants to charge merchants for receiving payments. Originally PayPal required merchants to have premier (or business) accounts, and charged fees for payments made to those account types. Personal accounts had significant limitations on receiving payments, but did not pay fees upon receiving payments.  Eventually PayPal decoupled the question of ""is this a person-to-person payment or a payment to a merchant for goods and services?"" from the paypal account type. So now the same account can receive both a p2p payment (e.g. splitting lunch costs), on which it will NOT pay fees, and can receive a payment for goods or services e.g. from a web checkout, on which it WILL pay fees. Regardless of the account type."
No, because of regulations Paypal is different in India to most countries and you cannot actually spend paypal balance. You will need to verify your PAN number and connect a bank account, although this should be very quick "Are you in the US?  One thing you can do is prepay taxes at a rate of a 1.8% fee.  Much lower than paypal.  I would do this on what is ""left over"". Here are somethings that I would tend to do in your case: Those are some of the things I would be looking at. Do you care to share the details of your offer?" I have sold a few items on ebay.  The biggest issue I have with ebay is all of the fees.  I am not sure how much has changed recently, but when I was selling stuff it felt like ebay and paypal took a large chunk of the money.  I could be wrong, but it seemed like they were getting around 35% or more of my 'profits'.  Of course, you then have the shipping fees on top of that, which will run a few bucks on common items.  For items that sell for around $20 on ebay, I felt like I was ending up with about $5 in my pocket.   I have used Amazon to sell used books, though I haven't done that for about a year or so.  They had no fees for listing items, and the item remains listed for about 90 days.  If it sells, they process the payment and can deposit it into your bank account or provide an Amazon gift certificate.  I forget Amazon's fees, but I remember that it didn't seem to be as frustrating as the ebay/paypal price structure. "PayPal has a very generous buyer protection program.  That means that the buyer can dispute receiving the goods and get their money back fairly easily (compared to credit cards).  For this reason Craigslist and other sites recommend not accepting PayPal  payments.  I know that many transactions go through them flawlessly.  But unless I really trust someone, PayPal would not be an option for me unless it was the money transfer (different rules; not as easy to get the money back).  However this may be breaking PayPal Terms of Service so I would read them carefully before I went this route.   There have been reports of PayPal putting extended holds on funds and effectively seizing the money by refusing to release the funds.  I have never had this happen (though I did have a sale on eBay reversed though the item was never returned) but there are many reports of it on the Internet. As far as the BoA option I would contact them and see what they recommend. I would find out what their policies are on reversing the transfers and on providing your account number.  They may have a special deposit-only account number you could provide the buyers.  But I would want to learn as much about the system as I could before I started using it.   The Internet has turned the old adage of ""buyer beware"" into ""seller beware"".  There are many schemes that con artists have come up with to defraud unsuspecting sellers.  I received several offers from people wanting to pay me with a cashiers check for a few items I recently sold on Craigslist.  It is scary how prevalent these fraudsters have become." Yes. I have a US based website that accepts payments via PayPal and can confirm we have many customers from India. Here is a list of countries PayPal supports. Note typically there are some additional fees associated with currency conversion. Whenever you pay or withdraw some fund from your account, paypal takes approx 3% of the current currency value along with the fees. i.e. If you are paying/withdraw 100 unit of US Dollars to British pounds and if the current convertion rate is 1$=0.82GBP, then consider reducing 3% of the actual currency rate. So, the approximate magnitude will be 0.82*97% (100-3=97) = 0.7954. So, 1$=0.7954GBP. This formula will not give you 100% accurate value but will help of course. Captain Yes, PayPal allows you to add a donate button to your website. You're responsible for any tax record-keeping related to income from the donate button. I have a PayPal account that I have linked to my bank account.  My PayPal balance is always $0.  When I make a purchase with PayPal, PayPal will automatically withdraw the funds from my bank account to make the purchase.   PayPal does not ask my permission for each purchase.  I probably gave them permission to do this when I linked my bank account.  Or perhaps the PayPal purchase process includes this permission.  I don't read the text closely.  Or I should add, that I probably read it at one point, but since I do it on a regular basis, I don't read it now, and I don't recall what is on the checkout page. Like Bluetie Grasper have said. Can I create a PayPal account and receive €200 (or a similar amount) without adding a bank account, credit card, or anything but my email address? The answer is No. You can transfer the money to your PayPal account but until you verify it with your personal information with at least a credit card or mostly likely a bank account, PayPal will hold those funds until otherwise. Can I then use that money to buy on Amazon, still without adding anything but my email address? If not, can I buy gift cards and use those on Amazon? Amazon does not accept PayPal. "Paypal linked with my bank account. 1.Can I use my Saving bank account to receive payments from my clients? Or is it necessary to open a current account? Yes you can get funds into your savings account. However it is advisable to keep a seperate account as it would help with your IT Returns. 2.I will be paying a certain % as commission on every sales to a couple of sales guys (who are not my employees but only working on   commission). Can I show this as an expense in my IT returns? As you are earning as freelancer, you are eligible for certain deductions like Phone calls, Laptop, other hardware, payments to partners. It is important that you maintain a book of records. An accountant for a small fee of Rs 5 K should be able to help you. In the Returns you have to show Net income after all these deductions, there is no place to enter expenses.   3.Since I will be receiving all the payments in Euros so am I falling under a category of ""Exporter of services""? The work you are doing can be Free Lancing.    4.Do I need an Import Export Code (IEC) for smoothly running this small business? You can run this without one as Free lancing. IEC would be when you grow big and are looking for various benefits under tax and pay different taxes and are incorporated as a company." If you set up two Paypal accounts (one linked to your UK bank account and one to your US bank account and get them both properly verified) you should be able to transfer the money for free as far as I know.  You would have to fund the transfer directly from your UK bank account (not via a credit card). PayPal will be contacting you shortly, I'm sure.  You'll see the reversal on their site in a few days as well as a fee from their end I bet. "Yes, you can create a PayPal business account without having formalized a business with government filings and whatnot. At its simplest terms, ""having a business"" is simply ""doing business as"" (D/B/A) a trade name.  You can use the address of a Private Mail Box such as those provided at the UPS Store.  Ask any kid with a lemonade stand or a box of Girl Scout cookies - you only need to engage in government formalities like registering an LLC or getting a tax EIN when you cross certain thresholds of activity, and paying for things is generally not it.  Also, some of businesses, for some relationships, will require the business formalities like an EIN, which in turn will require creating a trade name and registering it with the state.  For instance if you set up a traditional credit card merchant account, they'll probably want that." There is (at least) one service that allows you to convert USD, GBP and EUR at the interbank spot rate, and make purchases using a prepaid MasterCard in many more currencies (also at the interbank rate). They currently don't charge any fees (as of September 2015). You could use your US prepaid card to fund your account with Revolut and then spend them in your local currency (HRK?) without fees (you can check the current USD/HRK rate with their currency calculator); you can also withdraw to non-EUR SEPA-enabled bank accounts, but then your bank would charge you for the necessary currency conversion (both by fees and their exchange rate). If you have a bank account in EUR, you could alternatively convert your USD balance to EUR and then withdraw that to your EUR bank account. If your US prepaid card has a corresponding bank account which can be used for ACH direct debit or domestic wire transfers (ask the issuer if you are unsure), TransferWise or a similar service might also be an option; they allow you to fund a transaction using one of those methods and then credit an account in "I haven't seen anything specifically about how PayPal operates, but my guess is that they maintain relationships with banks in many countries via affiliates, and they settle the money transfers internally within the PayPal system. You basically have two types of bank transfers (there are others as well that I'm not getting into): I think PayPal is a hybrid -- they send and receive money using drafts to keep costs down, and manage the international stuff by operating a proprietary network. So if you send money from Indonesia to the US, you pay ""PayPal Indonesia"", who then tells ""PayPal USA"" to issue funds to your recipient. So they are cheaper than a wire, faster than a check, but limited in terms of transaction size and some other factors."