PayPal question

Thomason

Thomason

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Nov 28, 2002
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I have just made a deal to sell a knife to Santi in Thailand. No problem with Santi at all, everyone agrees he is fine man. I have bought a couple of things using PayPal but have never sold anything with PP as the method of payment. Could one of you more experienced knuts explain just how that works? How does the money get to me?

PayPal Virgin
 
It goes into your Paypal account associated with your e-mail address.They remove a fee from the total,somewhere around 3%.You then can make a purchase using your balance the same way you would make a payment.If you want the money withdrawn,you either request a check or withdraw it to a bank account you have listed in your profile.There are several ways to withdraw.I hope this answered your question.
 
Pay Pal is just about like a bank account.When someone pays you they are just depositing money into your account.You can spend the money out of the pay Pal account or withdraw it just like your bank account.
When I want to get the cash from my Pay Pal account I just click on withdraw and transfer it to my checking account at my bank and do a cash withdrawl from it.Depending on the bank it takes anywhere from 1 to 4 days for the money to transfer.It is usally in mine in 2 days.
 
Basically instant gratification. As soon as they push the button the dough is in your account. I typically just spend it form there or you can register for a PP debit Card which is cool(also pays a small % money back when used) or have it electronically delivered to another bank account as long as its already registered with them. You can also request a check but that usually takes a week or so.

Phillip :)
 
I have a pay-pal debit card which they issue you after you fill out a form on line. With that card I go to any ATM machine and enter my code and withdraw my money. This is the quickest and best way to get your cash.
 
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