anyone who uses ebay will know what i'm talking about, if i sell something and i accept a paypal payment, does this money go straight into my bank account, as i'm not sure how it works
2007-10-06 04:41:06 · 10 answers · asked by theoriginalbookworm 1 in Computers & Internet ➔ Other - Computers
If you apply for a PayPal masterCard, you will have instant access to the money using an ATM machine or just spend the money using the MasterCard. From ebay when someone pays you using PayPal, the money goes instantly into your PayPal Account. if you want to move the money to your bank account you have to go to your account features and tell PayPal how much money you want to transfer to your bank account. It takes about three days. That's why it' so much better to apply for the PayPal credit card - you never have to wait for your money when you are paid.
2007-10-06 04:48:45 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You need to sign up with Paypal and open an account with them. The payment will then go into this account. You can then move it from your paypalaccount to your bank account if you wish.
2007-10-06 04:52:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Don't accept paypal payments. They are not as sucure as they want you to think, and the system is geared in a big way towards the buyer. You can have a signed slip saying someone has had goods, and paypal will still take the cash back from you on the buyers word.
Use something else, E Gold, NoChex or something similar.
2007-10-06 04:49:23 · answer #3 · answered by Mr Biscuits 2 · 0⤊ 1⤋
dont forget paypal will take about 3 per 4% commission on payments. the money takes about 4 days to reach your bank account but you have to request that through the website interface.
2007-10-06 04:49:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋
no it goes into paypal, then with that money in paypal account you can either buy more things off of ebay or transfer it to your bank account,
good luck x
2007-10-06 04:50:54 · answer #5 · answered by Darlin'x 4 · 0⤊ 0⤋
no
first it goes to paypal and u get money from paypal to ur paypal account, from there u have to transfer it to ur bankaccount..., when everything is alright then is everything perfect, but if the buyer says he doesn't receive the package or what ever, then paypal will take that money back and that buyer will get his money back aaand u'll see a judge, hehe.
2007-10-06 04:43:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No it goes into your Paypal account and you have to withdraw it to your bank
2007-10-06 04:45:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No the money you will receive will be held by Paypal until you request it.You can check this out more at paypal site......
2007-10-06 04:46:55 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes, the money goes directly to your bank account. Paypal will notify you by e-mail when the deposit is made, it is almost immediate.
2007-10-06 04:50:32 · answer #9 · answered by Ricky H 4 · 0⤊ 1⤋
No, you can transfer it though - takes around 10 days and I think you can only transfer multiples of £50, although I could be wrong about that.
2007-10-06 04:45:12 · answer #10 · answered by Sal*UK 7 · 0⤊ 0⤋