some quick question about paypal logistics

Milkis

5003 Posts

September 15 2011 22:02 GMT

So currently I'm helping out /r/starcraft realize their dreams and getting MKP to MLG. nearly everything is sorted out, except ofc the actual donation link.

At this point i'm probably going to use paypal.

A few questions since I'm completely new at this so i dont' know what to expect

1) Should I be using a new account? If so, why should I be using a new account, as opposed to my old account? (new account can't link to my current bank account... so I'd have to transfer money to my old paypal account? That sounds complicated).

2) Should I be taking any precautions? Like emailing/calling paypal in advance to see if this will be allowed and letting them know what's going on?

3) Anything else I should be aware of?

Thanks D:

Alejandrisha

United States6566 Posts

September 15 2011 22:09 GMT

I'd pm destiny/sheth and ask what they did for their event

R1CH

Netherlands10342 Posts

September 15 2011 22:11 GMT

New account with no linked bank account receiving thousands of dollars in a short time? Nope, not suspicious at all. Also unverified / non-linked bank accounts are capped at $2k.

I'd say stick with your verified account. If PayPal freezes it, a phone call usually fixes things up.

Sufficiency

Canada23833 Posts

September 15 2011 22:19 GMT

I actually think maybe you should open a new BANK ACCOUNT first. Then link your new PAYPAL account to it.

Then again, this depends on how formal you want to deal with it.

storm44

1293 Posts

September 15 2011 22:30 GMT

Doesn't paypal take a base fee + percentage fee for eachtime money is recieved? If everyone donates really small contributions it could get expensive

Milkis

5003 Posts

September 15 2011 22:43 GMT

On September 16 2011 07:19 Sufficiency wrote:
I actually think maybe you should open a new BANK ACCOUNT first. Then link your new PAYPAL account to it.

Then again, this depends on how formal you want to deal with it.

Why should I be doing that? Security issues? Or trust issues?

zeru

8156 Posts

September 15 2011 22:51 GMT

--- Nuked ---

Probe1

United States17920 Posts

September 15 2011 22:59 GMT

Gl with it man. I'd say R1CH knows best whether he was talking about plumbing or rocket trajectories.

Hassybaby

United Kingdom10823 Posts

September 15 2011 23:01 GMT

Don't know the full details of it, but could you do it through a JustGiving account?

Archas

United States6531 Posts

September 15 2011 23:08 GMT

#10

Milkis, have I ever told you how much of a hero you are?

Gatsbi

United States1134 Posts

September 15 2011 23:10 GMT

#11

On September 16 2011 07:30 storm44 wrote:
Doesn't paypal take a base fee + percentage fee for eachtime money is recieved? If everyone donates really small contributions it could get expensive

Only percentage. Also, if they pay as a "gift" payment, paypal takes no fees.

Please or register to reply.

some quick question about paypal logistics

Completed

Ongoing

Upcoming