How to Save Money with PayPalWritten by Albin Dittli
PayPal offers two types of accounts. The first is “Personal Account” and second is “Premier/Business Account”. With both types of accounts you can do certain things for free. These free activities are open an account, send money, withdraw funds to U.S. Banks, and add funds.With both types there are fees for withdrawing funds for non U.S. banks and rate conversion fees. The big difference is with receiving funds. PayPal charges Premier and Business accounts to receive payments. Personal accounts are free, but may not receive credit card payments. The business account fees to receive funds can be as high as 2.9% of transaction plus an additional $.30 per transactions. This can be very expensive, especially on smaller amounts. The main reason you would set up a business account is so that you can accept credit cards. You are probably only accepting credit cards if you are running some type of business. However, with a business account you are charged fees when you receive money, even when it is just a transfer from another U.S. PayPal account. This type of transfer would be free in a personal account. If you run a business you have little choice but to have a business account. However, there is nothing to prevent you from also having a personal account. If you run a business and also belong to a program where you will be receiving commissions then you should open two PayPal accounts. Open a business account for your business. Open a free personal account for all of affiliate and network marketing programs that you are in.
| | Lottery Scam, what it is and how to avoid it?Written by Nowshade kabir
Internet scams and frauds are on rise! The quantity of scam emails with various fraud schemes any email account receives today is simply overwhelming! There is this infamous Nigerian 419 scam, which is by far most widely circulated one. I wrote about it in one of our ezine articles not long ago. You can read about it here! And there are many other scams like Lottery, Letter of Credit, money transfer, black money conversion, real estate, fraudulent order and list goes on and on. Looking at my daily doze of scam letters, looks like, lottery scam seams to be gaining popularity among con artists. This scam is similar to other forward fee schemes, where goal of con artist is to persuade an unsuspected victim to send an advance payment for some dubious offers that swindlers never plan to fulfill.Email Lottery Scam The subject of emails from an unknown source to you will, probably show, something similar to, “Congratulation! You have own a lottery”. With minor variations text in most of these letters is virtually identical. The letter, usually, claims to be issued by a Lottery Company based in some countries like The Netherlands, Switzerland, England, Canada or USA. And then it says that you are one of many people randomly chosen from all over world to participate in a lottery of a very large sum. You along with some others have won this lottery. You will be asked to contact them immediately to claim your prize money. Most certainly, letter will also warn you to keep this as a secret and will specify that offer has a time limit. If you contact them after receiving this letter; there are number of variation how thugs will try to swindle you. They are quite imaginative and sometimes very innovative in their endeavors. In general idea is – you have to pay a fee before lottery company can release amount to you. The pretexts are, usually, an investigation company has to make sure that you are right person who won lottery, as a foreigner you have to pay a tax before you can get your prize and there is a processing and handling fee that has to be paid before hand, etc. Don’t think that these dubious offers are only sent by emails. People received them by regular mails, by direct phone calls and even by SMS.
|