Paypal..

Kennysevenfold · 20 Jun 2009 at 18:37

if you were to sell something, and you were being paid via PayPal how exactly does that work, if they pop the money into your paypal account, will you be able to take the money out a cash machine or what.?

Many thanks

swinnie · 20 Jun 2009 at 18:42

You have to transfer money from PayPal to your bank account - takes nine days IIRC.

Greenlizard0 · 20 Jun 2009 at 18:42

It takes me around 5 days, but aye that's right.

You can also use the money in Paypal to buy anything you want that accepts it as a form of payment.

Strife212 · 20 Jun 2009 at 18:44

I just did an xfer into my bank account but I wish I didn't now

Not really a big deal but the money is in limbo for a few days and is useless whereas I could have spent it right away if I left it.

Kennysevenfold · 20 Jun 2009 at 18:44

ah thanks chaps, Much appreciated

malef!c · 20 Jun 2009 at 22:34

If you are going to get lots of money in your PP account get a PP topup card - it lets you transfer from PP to the card in 24 hours.

You can also get the cash out of any ATM, but you get charged 2 quid a time.

Destination · 20 Jun 2009 at 22:43

Yes
if you sell something on ebay
Ebay will take 10% of the sale value.
Then paypal will take a fee for processing the actual funds tranfer also.
Then paypal will take a fee should you like to withdraw your money easily.

Ebay own paypal, there's lots of win in that system!

Best is to do the bank xfer and simply wait.