BionicSniper Posted January 17, 2006 Posted January 17, 2006 ok i am about to start selliing some stuff and i need to know how paypal works for reciving cash I have a primere account so i can recieve credit card payments for a small fee (2.9%+.50$) Now is there a way for me to send the person who wants to buy the item from me a bill that would include the price+the fee if useing credit+shipping also how do USA taxes come into play. I am 16 and the account is in my name. This is going to be the first year i file taxes so... Share this post Link to post Share on other sites More sharing options...
henbenley Posted January 18, 2006 Posted January 18, 2006 I dont know about taxes, but I would just up your prices a little bit to deal with the extra paypal costs. Customers usually dont like when there are added costs right before they buy, even shipping can throw people out and they may not buy. So I would either throw it in for everything that you sell or just eat the costs for anyone that uses a credit card. No clue about taxes though. Share this post Link to post Share on other sites More sharing options...
ir_cow Posted January 18, 2006 Posted January 18, 2006 you cant have a credit card at 16, simple as that. i didnt do taxes intill last year out of 3 years of working. they wont come knocking unless your making 10k Plus Share this post Link to post Share on other sites More sharing options...
p8baller07 Posted January 18, 2006 Posted January 18, 2006 ok i am about to start selliing some stuff and i need to know how paypal works for reciving cash I have a primere account so i can recieve credit card payments for a small fee (2.9%+.50$) Now is there a way for me to send the person who wants to buy the item from me a bill that would include the price+the fee if useing credit+shipping also how do USA taxes come into play. I am 16 and the account is in my name. This is going to be the first year i file taxes so... How do you take CC's with a Priemer account? Because i've had one for over a year and didnt know i could Share this post Link to post Share on other sites More sharing options...
hockeyrcks9901 Posted January 18, 2006 Posted January 18, 2006 bluecow, you made a mistake about not filling taxes. If they are taken out of your paycheck and you make less than...5400 I think, you get all of that money back. I hope you were making more than 5400 or that taxes weren't taken out of your paycheck. Share this post Link to post Share on other sites More sharing options...
BionicSniper Posted January 18, 2006 Posted January 18, 2006 All of the accounts except the paypal are in my dads name Which incidently is the same as mine.... I am just wondering what the rules are in stating the income from sales. Share this post Link to post Share on other sites More sharing options...
hockeyrcks9901 Posted January 18, 2006 Posted January 18, 2006 It doesn't matter unless its over a certain amount. I could ask my mom, shes an accountant but it would prolly be easier for you to look it up. Share this post Link to post Share on other sites More sharing options...
Kamikaze_Badger Posted January 18, 2006 Posted January 18, 2006 Doesn't PayPal require you to be 18 before you can legally open an account with them? Share this post Link to post Share on other sites More sharing options...
henbenley Posted January 18, 2006 Posted January 18, 2006 you cant have a credit card at 16, simple as that. i didnt do taxes intill last year out of 3 years of working. they wont come knocking unless your making 10k Plus He doesnt have a credit card. Hes accepting credit card payments through paypal. Doesn't PayPal require you to be 18 before you can legally open an account with them? No. Just a bank account number. Share this post Link to post Share on other sites More sharing options...
BionicSniper Posted January 18, 2006 Posted January 18, 2006 could you ask your parent?? please I asked here because i cant find it online. Thanks Share this post Link to post Share on other sites More sharing options...
hockeyrcks9901 Posted January 18, 2006 Posted January 18, 2006 Yea, I'll try. She does corporate taxes so I'm not sure if she knows. If she does know I'll post back here tomorrow. If she doesn't then I most likely won't post. Share this post Link to post Share on other sites More sharing options...
Kamikaze_Badger Posted January 18, 2006 Posted January 18, 2006 No. Just a bank account number. Note: You must be over 18 to sign up for a PayPal account. https://www.paypal.com/cgi-bin/webscr Bottom of the page. Share this post Link to post Share on other sites More sharing options...
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