It the first time im going to use paypal, so i need some help. I am selling something on ebay, and would like to receive the payment through paypal. What type of account do i need to set up with paypal, and what will they charge me?
2006-12-20 11:27:11 · 4 answers · asked by untitled10101 2 in Computers & Internet ➔ Internet
you just set up a normal paypal account, then when the person pays you (your first payment) you will get an option to receive this as a one off payment OR set up a seller account. If you choose the one-off payment option you must have less than 12 deposits per year and they charge you around 40cents plus 3.25% of the deposit amount. You can either link the paypal to your bank account or you can leave the money in paypal to pay ebay your sellers fees or pay other people using paypal.
2006-12-20 11:31:00 · answer #1 · answered by Knowitall 4 · 0⤊ 0⤋
Don't know what the current rate is but as far as open a Paypal account, it's easy. Paypal will required a credit card or bank account. Just head over to Paypal and register. Be sure to read the Faqs.
2006-12-20 19:31:50 · answer #2 · answered by Ted B 6 · 0⤊ 0⤋
ok here it goes. First, you have to have a checking account with a popular bank. Like Chase, CapitalOne etc.
Once you go to your PayPal My Account, click Profile. Its the last one in My Account tab. In you profile, under Financial Information, you will see Bank Accounts. click on it. Once you go to that page, you will be able to Add your bank account. They will ask you Bank Account #, Routing #, and a Nickname (if you have chase account, just type chase). Then they gonna transfer a small amount from your bank account and see if your bank account is connected with PayPal Account. I remember when I did that first time, it took like 4-5 days for everything to work fine.
I hope this information helps you. Forgot to tell you, after you receive funds to paypal from a buyer, click Withdraw to transfer money from paypal to your bank account. If buyer pay from credit card, paypal will get a small amount from the selling total and put the rest to your paypal account. If buyer transfer from bank account, its free. you get it all.
2006-12-20 19:41:11 · answer #3 · answered by Neo Chase 2 · 0⤊ 0⤋
It is simple you need a checking or savings account with a routing number (which is the bank ID) and your account. This information is at the bottom your check, first number is your routing, second is your account and the last few numbers are your check number for that check.
They will charge a small transaction fee and a percentage of the sale I am not sure how much that is exactly but it is on their website.
2006-12-20 19:31:32 · answer #4 · answered by mybestemail69 3 · 0⤊ 0⤋