Is there a catch to PayPal's Premier account type?

Question

I clicked the "upgrade account" button on PayPal and upgraded my account to Premier by accident, thinking that I would be able to see the fee or restriction by pressing Continue enough, but nothing ever popped up and I couldn't find this information in the links provided. What is a Premier account's catch?? Do I have to pay something ever? If so, how could I downgrade back to a normal account?

Answer 1

Here is the different between Personal Accounts and Premier/Business Accounts

Comparison of Personal and Premier/Business Paypal accounts

And from Answers.com here's how to downgrade your account (only once allowed):

1. Log into your PayPal account, select Contact Us, then Email Us.
2. Under Select a Topic, choose "My Account" and then "Downgrade Account" (if available) or "Changing Account Type".
3. Summarise you question in box 3 - e.g. I would like to downgrade my account - and use the Continue button.

You can only downgrade your account once.

Answer 2

Don't worry, the PayPal's Premier Account has no periodic charges. It is free, and it is linked to a post-paid or pre-paid credit card.

I am owner of a PayPal's Premier Account, too.

I am not sure is it possibile to downgrade to a normal account.