When you sign up for a PayPal account, you can choose from several account options. Transactions with a Personal account are free, but you'll need a Premier or Business account to accept debit or credit card payments, for which a small fee is charged. Opening a PayPal account and withdrawing money to a U.S. bank account are free.
Personal: Personal accounts are meant for use by individuals. With a Personal account, you can send and receive money for free, but you cannot receive payments funded by debit or credit cards. (Note: Members located outside the U.S. may be subject to a different fee structure.)
Premier or Business: To accept debit or credit card payments through your web site, sign up for a Premier or Business account. A Premier account is ideal for an individual seller with high volume, while Business accounts are reserved for businesses; both include the same flexible features. With a Premier or Business account, you can accept debit and credit card payments for a small fee per transaction.
Note: PayPal fees apply only to completed transactions. PayPal does not charge setup, gateway, or monthly fees to maintain an account.