With PayPal, if I receive my payment through it, howi s the money transferred to me, does the money go to my credit card or something?
2007-09-08 04:10:58 · 5 answers · asked by Anonymous in Business & Finance ➔ Small Business
Add a bank account to your PayPal account and you can withdraw the money from there for free only if you live in the U.S.
Hope this helps. If you have any questions, you can email me.
2007-09-08 04:29:54 · answer #1 · answered by Oli-NYC 6 · 0⤊ 0⤋
Someone sends you the money to your email on the Paypal site. paypal sends you a "You have cash!" notice. You click on the blue line on that email, which takes you to the Paypal site--log in to your account.
It brings up the latest transaction that money was sent to you from, you to to the top toolbar and click "Withdraw". You wait for the next screen (depending on how slow your connection is) and put in the $ amount they have listed there that is your portion of the amount. They've already taken off their portion (you can see how much by clicking on the 'history' selection after you complete this stuff).
Put in the amount, scroll down and click the blue button. It brings up another screen asking if you want it sent to the first thing on your list which will likely be the bank account number. Scroll down and click THAT blue button as a yes. You get a standard screen saying the transaction is in process.
Now go back to the history tab and take a look at the information there, it'll have the mailing address of your customer.
You will get an email in a few minutes to your regular email account saying a transaction is in progress.
Log out of Paypal and go on doing whatever you were doing. The bank you send it to will get the whole transaction deposited in 2-3 business days (3 if it's a weekend) and it'll show up on your bank statement as a deposit. Simple stuff.
2007-09-08 13:42:20 · answer #2 · answered by Elaine M 7 · 0⤊ 0⤋
You can either have them transfer the money to your bank account on file which takes about 3 business days I think or you can have them mail you a check wich can take up to 2 weeks I think or if you have a business account you can apply for the paypal DEBIT card, not the credit card. and you can use it just like a bank card but you don't have to wait for the transfer.
2007-09-10 15:18:00 · answer #3 · answered by cjwise2 1 · 1⤊ 0⤋
I have the money that is in PayPal transferred to my bank account that is on file with PayPal.
2007-09-08 04:21:53 · answer #4 · answered by Harley Lady 7 · 0⤊ 0⤋
First money stays in PayPal account, then you instruct PayPal to transfer money to your bank account.
2007-09-08 04:29:33 · answer #5 · answered by HK-boy 4 · 0⤊ 0⤋