I sold some stuff, but am not planning on withdrawing yet. Does that mean the buyer still has the money, (like a uncashed check), or can I withdraw my money at a later date, if I so choose?
2006-10-30 04:44:20 · 9 answers · asked by Anonymous in Computers & Internet ➔ Internet
your paypall account is like any other bank account if the money is showing up in there then it can be taken out anytime in the future,
2006-10-30 04:47:32 · answer #1 · answered by whitenight639 3 · 0⤊ 1⤋
When you log into PayPal, that shows you your account balance. If the transaction has been completed, the money is yours. It is not an uncashed check, that is money in your PayPal account.
Don't confuse PayPal with a real bank, however. They do not provide you with the federally backed insurance, and do not have to follow our US Federal Laws. Keep only "pocket change" in your account.
Keep in mind too, that PayPal limits you on how much you can transfer out of PayPal each month. So if you have more than that amount in your PayPal account, get the maximum out before this month ends.
Be sure to read the financial statements carefully, as well as the "terms of service".
Good luck
2006-10-30 12:51:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The money is yours. I recommend that you withdraw it to whatever bank account you have on file with PayPal ASAP because the money in your PayPal account is not FDIC insured as it would be in a real bank.
2006-10-30 15:59:39 · answer #3 · answered by 818 Papi 4 · 0⤊ 0⤋
It's yours. You can withdraw when you want. But remember, it takes 3-4 days until it shows up in your own bank account.
2006-10-30 12:49:30 · answer #4 · answered by Get it Together 3 · 0⤊ 0⤋
It still there in paypal until u choose when to withdraw it.
2006-10-30 12:46:50 · answer #5 · answered by LiL'BiNt 3 · 0⤊ 0⤋
If the money is in your account and it has cleared than it is your money to do what you want with.
Leave it there or withdraw it anytime
2006-10-30 12:46:48 · answer #6 · answered by Vulcan 1 5 · 0⤊ 0⤋
The $ sits in your Paypal account.
You can leave it there & use it for purchases you may make or transfer to your bank account.
Personally, I wouldn't leave it there for long, you should be earning interest on your $.
2006-10-30 12:48:13 · answer #7 · answered by lynn 5 · 0⤊ 0⤋
It's in your account. You can withdraw it whenever you like.
2006-10-30 12:47:12 · answer #8 · answered by bradys_mommy 4 · 0⤊ 0⤋
it just sits there collecting interest for PayPal.
They want you to leave it there, thats why they charge you $2.00 for sending you a check.
2006-10-30 12:52:35 · answer #9 · answered by Anonymous · 0⤊ 0⤋