Receiving Money through Paypal

civic_guy · #1 02-23-2007, 01:43 PM

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 · #2 02-23-2007, 01:48 PM

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

civic_guy · #3 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 · #4 02-23-2007, 02:04 PM

yep, use the money in the paypal account

RallyWRX · #5 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 · #6 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 · #7 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 · #8 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 · #9 02-23-2007, 04:02 PM

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

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