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-   -   Receiving Money through Paypal (http://www.xmodsource.com/forum/showthread.php?t=7244)

civic_guy 02-23-2007 01:43 PM

Receiving Money through Paypal
 
I feel really stupid asking this...but here goes.

I already have a paypal account and can buy stuff...how do I go about setting it up to where I can receive money as well. Do I have to pay for that service or what?

Thanks.

boske 02-23-2007 01:48 PM

All the buyer needs to do is send the money to your paypal e-mail account.

civic_guy 02-23-2007 01:51 PM

Ok...and then instead of using a credit card to buy stuff...I could use the money I've accumulated from selling, to purchase items.... correct?

boske 02-23-2007 02:04 PM

yep, use the money in the paypal account

RallyWRX 02-23-2007 02:14 PM

Can you also get that money out of the paypal account and back into your credit or debit card?

civic_guy 02-23-2007 02:34 PM

lol...that was my next question!! Thanks boske for the help...I need to get rid of this extra Xmod stuff I have.

Numbchux 02-23-2007 02:48 PM

yep, you can transfer the money from your paypal account to your bank account. it takes a few days, but it works just fine.

I do believe there's a small fee to receive money. like 2% or something like that. but that might be just because I have an upgraded account so I could receive payment for my car.....I'm not sure.

boske 02-23-2007 03:18 PM

im not sure if you can put the money back on a credit card, but yes, you can transfer it back to your bank account.

QuenteK25 02-23-2007 04:02 PM

Numbchux is right, paypal does charge a small % on each payment you receive.


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