Is Paypal the Best Option for Receiving Payments?

[jcwarr]

i feel so stupid asking this - but is paypal free to set up to receive payments? is there another option for taking payment from one cheffer to another that you recommend?
thanks!
jen

 

[chefann]

PayPal is kinda free. It's free if the payor is sending funds from their account, not a credit card, and you have a basic PayPal account. If you have an upgraded account, then you as the recipient have to pay a fee on all transactions that you receive. That's one of the reasons I have 2 separate PayPal accounts - one for transactions for which people are likely to use a credit card and one for funded transactions.There's another option, too, although it's not as common yet: Revolution Money Exchange (RME). It's got no fees, but you can't use a credit card to make payments through them. All transactions must be funded from an account of some type. And since you have to have a US account (and a social security number) to sign up, it's only open to residents of the US/territories/military. Click here to sign up. (they give referral bonuses )

 

[jcwarr]

thank you!!