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Fees
PayPal charges Premier and Business accounts to receive payments. Personal accounts are free, but may not receive credit card payments.
Personal Account Premier/Business Account
Open an Account Free Free
Send Money Free Free
Withdraw Funds Free for US bank accounts
Fees for other banks Free for US bank accounts
Fees for other banks
Add Funds Free Free
Receive Funds Free 2.2% + $0.30 USD to 2.9% + $0.30 USD
Multiple Currency Transactions Exchange rate may apply* Exchange rate may apply*
If you receive a payment from a user in another country, an additional cross border fee will be charged. The cross border fee is an additional 1% for U.S. Dollar payments and 0.5% for Canadian Dollar, Euro, Pound Sterling, and Yen payments. This cross border fee is currently waived for Canadian sellers receiving payments from U.S. buyers.
* If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction
If you are not selling much, I'd return it to him and tell him no credit cards, but if you intend to sell a lot, it will make you money. I probably gey 80% credit cards!
