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 co-founder and Editor of EcommerceBytes and AuctionBytes.com and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @auctionbytes and send news tips to ina@ecommercebytes.com.
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