05-02-2006, 05:46 PM
Sign up is Free for the basic and premiere accounts. The only difference between the two is the basic account cannot receive debit or credit card payments. So if your selling something on ebay, the buyer cant pay you with a credit card or debit card unless its a premiere acct. You do not have to have a checking account to have a paypal account. You could open a premiere account and have some one pay you and it would be in your paypal account. You could in turn use that money to buy something. So in essence paypal would become your checking account. Any payments made to the paypal account remain there till you transfer the money to your checking account. You do have to pay a small fee if money is paid into the account.