Notice from PayPal
U.S. Business accounts will not be able to receive Personal transactions from U.S. PayPal accounts.
U.S. PayPal accounts will not be able to send Personal transactions to U.S. Business accounts.
The rate for the "Send/Receive Money for Goods and Services" payment type will be 2.99% (with no fixed fee).
This pricing change will result in fee increases for some transactions.
You can preview the Merchant Fees page that will be effective on July 28, 2022, following such changes.
What this means for You (seller) and your Collector (buyer).
If someone has a personal PayPal account, they will only be able to purchase the artwork via PayPal by selecting the "Paying for an item or service" option in PayPal.
When this option is selected, it requires the "Seller" (artist) to pay a fee for the transaction.
The same rule applies if the "Business Account Holder" (artist) wants to send money to another "Business Account Holder."
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