Hmm, I thought that upgrading to a Business Account would only be a good thing but now I see that all received moneys will generate fees for PayPal. Previously, with a Personal account you could receive up to $500 free (though not from debit/ credit cards) which was a nice way to transfer money among friends and family.

Once your account has become Business level however those previously free transfers now get a 2.9% fee added on them. PayPal did offer a workaround: if I wanted I could make a new Personal account along with the business account. Personally, I think they should notify you clearly when a previously free service becomes a fee based service but I guess that is how they keep in business.

Tags: Paypal, business