Pay Pal How does it work?

I have a pay pal account and have used it to receive payments. What I would like to do is make a payment from the account, but I do not know how it works. Below is the question I would like to have answered. If you can help I would appreciate the advice.


1. Does the money to be withdrawn need
to be in the pay pal account or the
account associated with pay pal?

Thanks,

Patrick

 

Patrick, you can do it either way.

 

If there's not enough in your Paypal account, it will deplete your Paypal account and then take whatever else it needs from your "registered" account (bank or checking account)
:TU:

 

:TU: Thanks Brian and Rick...I appreciate the advice.

 

I have mine draw the money from a credit card.

 

I love my PayPal account, I can take from my checking account and put it in PayPal or take from it and put in my checking, also to me the best part is buying with it or selling, its FAST!!...alot of times with eBay items I'm selling, if the auction ends during the day when I'm at work, I can figure the shipping, email the buyer a total and if they pay right then via PayPal, I ship it right then, very quick!!

 

Does Paypal charge you when you receive payments? I have a Paypal account that I use to pay for items but I would also like to use it to receive payments, I just don't want to pay a fee.

o No:

 

PayPal Fee

Mike - PayPal does charge a fee for you to receive payments. You can add this amount to your total cost and the buyer will cover it .
Not sure exact percentage, but I believe it's 1.2 to 1.8 % - you should be able to find out at www.paypal.com:TU:

 

Thanks Randy, I will check it out...

:TU: