Paypal....

[rapfohl09]

Can someone explaing GETTING money through paypal? Ive paid people with paypal a few times now but I want to put something up on ebay and dont want to have no clue about how to get my money hahaha. Thanks!

 

[AndyG]

It's pretty simple ...
If you have a bank account linked to your PayPal account, all the buyer needs is the email address that is associated with that PayPal account.  They do the rest .... once payment is made the money is transfered to that account.  If you do not a have a bank account linked to your PayPal account, the money kinda sit there for you to use on another transaction, but (I don't think) you can "withdraw" it.

 

[GoDrex]

actually the money is not automatically transfered to your bank account (at least it's not for me - maybe it's an option). In my experience you have to go into your paypal account and choose "withdraw" and "transfer to bank account"  - then you can transfer however much of your paypal balance to your bank account (or all of it).

if you get a paypal debit card you can pay for things with the balance of your paypal account.

 

[stubhead]

Yeah, you just transfer it back to the associated bank account. It's not instant - they say 3-4 business days, but it's usually faster. Don't tie up the rent money...

 

[taez555]

Don't forget paypal charges you a fee (last I checked it wsa 3%) for every payment you accept.

Add that into ebay's fees and you're talking 6%+ deducted from any final selling price. 

 

[ocguy106]

You can also request a live check sent out....for a fee of course

 

[tfarny]

if you already have a paypal account, Ebay will walk you through the process of linking the two up. And yes everyone will get a cut of your profits as has been mentioned but the convenience can be worth it.