How do I get payment if I sell credits? I have a PayPal account and could take the money that way. How do I do it?

You need to know what kind of Paypal account you have.  Personal or Business/Premiere?  If it's a personal account, make sure you specify when you're selling credits that you can only take bank transfers or Paypal balance transfers.  Not credit cards.  If it's a business/premiere account you pay a fee on all incoming money so make sure you're selling enough credits at a time to cover that.

All someone needs to do to pay you is to have your email address and they can send payment via Paypal.  Some people also take money orders.  You'd have to wait for the buyer to go get a money order and mail it to you.

You can advertise in the Book Bazzar forum that you have X credits for sale.  Once you have payment in hand, you buddy the credits to the buyer.

I believe paypal made some recent changes and all payments for goods are charged a transaction fee, even in personal accounts.

To have someone send money to your paypal account, just tell them the e-mail address attached to that account, and they can send money to it.

If it's a personal account, make sure you specify when you're selling credits that you can only take bank transfers or Paypal balance transfers.  Not credit cards.

grr...  was thinking of trying to sell some credits to help defer postage costs...   but was going to do it thru credit cards....  sigh

I sell credits through money orders.  It takes a little longer, but I've not had any problems doing so.

If it's a personal account, make sure you specify when you're selling credits that you can only take bank transfers or Paypal balance transfers.  Not credit cards.

grr...  was thinking of trying to sell some credits to help defer postage costs...   but was going to do it thru credit cards....  sigh

Adrienne, you can accept CC if you want, not sure why Sarah has indicated that you can't,I think she meant it more like you may not want to. It does cost you money so you net less from the credit sales because PayPal charges a fee to collect a CC payment. I usually keep my cost at $3 and net 2.80 or more on the sales to people using their CC. I accept any PayPal payment and I think almost all have been CCs.

Thank you Melanie.  So the charge to take a credit card is 20 cents a transaction?

The fee is 2.9% plus 30 cents per transaction, as shown on the paypal site.

https://www.paypal.com/us/cgi-bin/webscr?cmd=_display-fees-outside

Yeah, the fee is a combo flat + % so the more you sell in a lot, the better per credit net you get. I try to not sell less than 5 credits at time on CC transactions. Some examples from my history:

5 credits @ $3 = $15- $1.04 fee = 13.96 net (2.792 per credit)

12 credits @3 = $36-$2.06 fee = 33.94 net (2.828 per credit)

20 credits @3 = $60 - $3.24 fee = 56.76 net (2.838 per credit)

or you could ask for an Amazon gift card

ok, I think I'd like to try it.  So how do I word my listing if I only want to do  bank transfers or Paypal balance transfers.  Not credit cards. And do I send the credits after I receive payment?

You'd simply say you have a personal paypal account and not a business account so you can not accept payments funded from a credit card.  They'd need to be funded from a Paypal balance or from a bank account transfer.  There are no fees for a personal account to accept money via Paypal.

If you have a business account with Paypal, it doesn't matter if the sender funds from their Paypal balance, bank account, or credit card because you'll pay a fee on all of them.

Once you receive payment, you buddy the credits to the other member.

Thanks for your help Sarah.   One more question.  I assume that I give my email addy  to the person who wants the credits...