What is the difference between the Standard and Business accounts in PayPal?
The differences between the Standard and Business accounts are as follows:
PayPal Standard | PayPal Business | |
---|---|---|
Should I have a US based PayPal account? | No | Yes |
How much will I be charged as transaction fees? | % of the amount | Flat Fee of 50 cents |
Should my customer have a PayPal account too? | No | Yes |
Can my customer pay via credit card? | Yes | No |
Will I receive the payment instantly? | Yes | May be delayed for eCheck payments |