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Wednesday, September 30, 2009

How to make money thru Paypal

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Each time a new merchant signs up for a PayPal Business or Premier account via the link or banner that you provide, you'll be eligible for a Merchant Referral Bonus. Your referral bonus is tied to the amount the merchant receives via PayPal's Website Payment Tools or Send Money.

You'll immediately start earning 0.5% of the new merchant's revenue — up to $1,000.00 USD — for the first 12 months that the merchant has his PayPal account.

There are three types of Paypal accounts: Personal, Premier, and Business.

Personal accounts are, obviously, for the personal use of individuals. They can accept up to five (5) credit or debit card funded payments per year and are assessed a transaction fee. Other payments received are not charged a fee.

Premier accounts are for members who have a high transaction volume or would like to access Paypal’s Core and Premium features (explained below). Premier accounts may operate under an individual name. Unlike Personal Accounts, they can accept an unlimited number of credit or debit card payments. However, all payments received are charged a certain fee. (Paypal’s fee schedule here.)

Business accounts are for businesses, allowing them to operate under a company or group name and accept payment from customers without PayPal accounts. Like Premier accounts, they can accept an unlimited number of credit and debit card payments, although all payments they receive are charged a certain fee.

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