Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: davethediver on 08 February 2011, 22:06:53

Title: Paypal Limits?
Post by: davethediver on 08 February 2011, 22:06:53: Is there an upper limit as to a paypal transaction?

A friend of mine has there own business and wants to be able to take credit card payments, has a business bank account but the bank won't give them a streamline machine to allow payments by card over the phone.

I suggested setting up a business paypal account but have to admit i don't know much about it. Average transaction would vary between 2-5K is this doable with paypal?

TIA Dave :)
Title: Re: Paypal Limits?
Post by: tunnie on 08 February 2011, 22:10:46: The problem is the customers, not sure about business accounts, but personal limit is around £400. With the amounts you suggest the PayPal transaction fee of around 6% will be a sting in the tail :o

But trouble is most customers with normal paypal accounts, won't be able send required amount
Title: Re: Paypal Limits?
Post by: davethediver on 08 February 2011, 22:14:40: But can they not just use it via a credit card, eg i was to buy a car off someone on ebay for a grand and use paypal as a 'one off' but use my CC to pay for the transaction. :-?
Title: Re: Paypal Limits?
Post by: Bent valve on 08 February 2011, 22:17:54: You need to open an account with Worldpay. no machine needed :y
Title: Re: Paypal Limits?
Post by: tunnie on 08 February 2011, 22:22:40: accounts have to be verified on PP for large amounts, your better off embedding some credit card software. You don't need the banks steamline machine
Title: Re: Paypal Limits?
Post by: davethediver on 08 February 2011, 22:30:43: Quote
You need to open an account with Worldpay. no machine needed :y

Thanks for that looks like just the thing they are after :y :y
Title: Re: Paypal Limits?
Post by: Danny on 08 February 2011, 22:37:40: My brother wasnt able to make a payment of £1600 via paypal
Title: Re: Paypal Limits?
Post by: Vamps on 08 February 2011, 23:52:09: Quote
My brother wasnt able to make a payment of £1600 via paypal

Did he have the money in the bank to cover the payment though?...... :D :D
Title: Re: Paypal Limits?
Post by: Mr Skrunts on 09 February 2011, 04:10:57: Quote
You need to open an account with Worldpay. no machine needed :y

Do your home work on these sort of companies, was advised against using them years ago, all though it was ye0a0r0s a0go0 things ma0y have improved.
Title: Re: Paypal Limits?
Post by: Bent valve on 09 February 2011, 07:18:54: Quote
Quote
You need to open an account with Worldpay. no machine needed :y

Do your home work on these sort of companies, was advised against using them years ago, all though it was ye0a0r0s a0go0 things ma0y have improved.
Dont know why you were advised against, its a well respected and trusted way of collectng credit card payments. the only downside is you cant access your money immediately, they keep hold of it and and pay you at the end of the month, thats how they make their cut :y
Title: Re: Paypal Limits?
Post by: TheBoy on 09 February 2011, 18:47:02: I'm sure any clearing house will supply a pqd - I suspect he simply didn't like the setup and rental charges ;)