Breaking News: PayPal Offers Insurance and a Premier/Business Account By Ina Steiner AuctionBytes.com
June 17, 2000
Before going to press, PayPal announced an insurance policy and a new business service. PayPal accounts are now insured for up to $100,000 for unauthorized transactions against your online account.
It also announced a new Premier/Business Account. It includes the benefits of a PayPal Personal Account, but offers some premium features and charges a per-transaction fee of 1.9%. Note that you can still use the PayPal Personal Account for free.
The Premier/Business Account allows you to use your company name, offers 24/7 customer support, and offers an optional automatic sweep of your PayPal balance into your bank account at the end of each day for a .6% fee.
PayPal promises that more features and benefits are on the way.
About the author:
Ina Steiner is Editor of AuctionBytes.com and author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). She has a background in marketing and research in the high-tech and publishing fields. If you have story ideas, comments or questions, send them to ina@auctionbytes.com.
