Paypal cashout for QR & SR

[disneygirl1971]

Can anyone tell me if it's possible to cashout of the rewards programs without being charged fees from paypal? I have a premier/business paypal debit card that charges me 30 cents plus 2.9% per transaction. I don't want to pay that everytime I cash out. QR is telling me to sign up for a personal account and I won't get charged anything. Paypal is telling me I will get charged the fees regardless of which account I have. Can anyone tell me how they cash out? Am I getting charged the fees because it is going to a debit card and not a paypal account that I can just use online for ebay and such? TIA.

[M 'n C]

I've cashed out via paypal a few times before. I have a standard free account attached to my bank account with paypal and have not been charged a fee ever.

I would try setting up a personal account attached to your bank account and cash out for the minimum on one of your sites to see if you get hit with a fee.

[lilstint]

I also have a premier account and was charged a fee. Does anyone know if you can downgrade a paypal account. I don't sell on ebay anymore and I really don't need the premier. There are plenty of places to click to upgrade account on the site but I searched for a long time and (no surprise)can find nothing about downgrading.

[ahecht]

Yes, you can downgrade, but you can only do it once. It may be easier just to start a second personal account (everyone is allowed to have one business and one personal account).

For more information on downgrading, see http://www.paypal.com/helpcenter/main.jsp?cmd=_help&serverInstance=9004&t=solutionTab&ft=searchTab&ps=solutionPanels&solutionId=12760

[lilstint]

Yes, you can downgrade, but you can only do it once. It may be easier just to start a second personal account (everyone is allowed to have one business and one personal account).

For more information on downgrading, see http://www.paypal.com/helpcenter/main.jsp?cmd=_help&serverInstance=9004&t=solutionTab&ft=searchTab&ps=solutionPanels&solutionId=12760

ThankYou so much for that link. :thumbsup2 I just could not seem to find that info myself.

[FloridaGrandma]

I opened a small bank account in a bank where my husband and I have NO accounts.
I used that account to attach to my PayPal.
When a rewards program pays me in Paypal, I move it to my bank account.

I pay no fees and I can write checks or take cash any time I want.

[lilstint]

I opened a small bank account in a bank where my husband and I have NO accounts.
I used that account to attach to my PayPal.
When a rewards program pays me in Paypal, I move it to my bank account.

I pay no fees and I can write checks or take cash any time I want.

I thought I read somewhere that you can only have a certain number of no fee deposit transactions a year with a personal paypal account. Is this so?

[FloridaGrandma]

I thought I read somewhere that you can only have a certain number of no fee deposit transactions a year with a personal paypal account. Is this so?

I don't think so.
I have to move a minimum of $1.00 at a time.
As long as I have at least $1.00 in my Payal personal account, I can always move it with no Paypal fees to my bank.

Banks may charge a transaction fee for doing this (mine doesn't), but Paypal doesn't charge.