is using paypal to receive money from buyers the best thing?

Question

How does it work?
do i get a check in the mail or how do i receive payment?

Answer 1

I would go to your bank account. You have to give them your bank information. I use it and ave never had any problems.

Answer 2

Hi.
To be honest..

paypal received money on your behalf. u need to link a bank account to your paypal account...
your email address is your id & a notification of payment received will be send to your registered email link to paypal

paypal is accepted worldwide & it good if you're using ebay as your platform..

the set back is :-
1.paypal will charge u a certain comission everytime someone pays you..
2.your money will be stuck with paypal & you can only widraw after 3 days.
3.you will be subjected under their rules & regulation (they may suspend u anytime & close your account without any reason).

Answer 3

Paypal is good for receiving small amounts of money, but not if you have a business and want to use it as a main "bank" for receiving and storing money. I agree that it is a safe avenue for transactions in terms of security, but many people have had issues getting their money transferred from Paypal to their bank accounts (including my boss). Enough people have had issues to form their own anti-Paypal website. Check out www.paypalsucks.com.

Answer 4

They send payment via your bank account. There is sometimes like a .50 fee for it though. I will stand by Paypal. It is myfavorite way to send and recieve money online.

Answer 5

when you register for paypal you provide your bank details, the money you recieve or pay will come from your account thru paypal.
(goes into your paypal account if you recieve money)
the person who you send money to for example will recieve the money into there account.