PayPal?????????

Signed-In Members Don't See This Ad
jttheclockman

jttheclockman

Member
Joined
Feb 22, 2005
Messages
20,083
Location
NJ, USA.
OK no laughing at this question. I use paypal to buy things and have used it here quite often because people here have paypal accounts. So thought this would be a good place to ask these questions. Can I receive money for products I sell through the paypal account I have or is this a seperate account???? I have never done this, only paid.

Also if I can how do you do this and is there a fee??? Can I take this money out or use it to make payments on something I buy??? Is this like a bank account.??? It has been quite awhile ago when I setup the account so I remember nothing about it and just basically ignore it. Just use when I want to buy something.

Thanks for all the replys. I know your sides are probably hurting from the laughing but I can not help that.
 
Signed-In Members Don't See This Ad
You can pay and receive money on your account. To receive all the person has to do is log onto paypal and click pay then put in your "pay pal e-mail account, the money now is in your account and you can use it to "pay" draw it out or get a debit card from pay pal and use it as a credit card.
 
I hope no one laughs because I just went through the same thing. I have been paying with PP for years but never received money. I was surprised that it does not go into your bank account like it comes out. You have to tell them what to do with the money. I am sure there must be a fee but I think it depends on what you do with the money.
 
I was wondering the same thing about fees, although I'm sure that Paypal is making a killing off the money in our accounts by investing it. (Obviously, it is according to what they are investing in these days:smile:)
 
Everything above is correct. It does not go into your bank account but in your paypal acct. There are fee's involved. But for me no more transactions I do both receiving and paying it works good. I't simple to use and handy. It's a nice way to keep your mad money seperate from your regular account. If I sell something it goes into my paypal account and when I buy it comes from there. Keeps the home front happy that way. It is connected with one of your bank card accounts also. If you pay with paypal and the money is not there it comes from your bank card account. You can put limits so if someone steals your identity they can't by a new car with your paypal! Hope this helps a little.
 
fees on receiving are the same as the fees you see people collecting here for group buys.

And if you accept credit cards, there is no way around those fees as any merchant account will have fees that Visa/MC/Amex get off the top.

There is no fee for sending the money to your bank account, or spending it via paypal.

I think the only thing you'll need to do is upgrade to the "premier" account or some such, as the basic personal account doesn't have all the abilities. But you don't have to pay for the upgrade.
 
rej19 said:
Everything above is correct. It does not go into your bank account but in your paypal acct. There are fee's involved. But for me no more transactions I do both receiving and paying it works good. I't simple to use and handy. It's a nice way to keep your mad money seperate from your regular account. If I sell something it goes into my paypal account and when I buy it comes from there. Keeps the home front happy that way. It is connected with one of your bank card accounts also. If you pay with paypal and the money is not there it comes from your bank card account. You can put limits so if someone steals your identity they can't by a new car with your paypal! Hope this helps a little.
Click to expand...


Ron

That is what I want it to do. Stay in my paypal account and be able to use that money when I make another purchase. How do I set that up??? Evidently this is not so silly of a question from what I am reading HA HA.
 
Sure isa bummer to realize your money has always been going out instead of coming in. :biggrin: I know this feeling well myself. :eek:
Don Farr said:
I hope no one laughs because I just went through the same thing. I have been paying with PP for years but never received money. I was surprised that it does not go into your bank account like it comes out. You have to tell them what to do with the money. I am sure there must be a fee but I think it depends on what you do with the money.
Click to expand...
 
jttheclockman said:
Ron

That is what I want it to do. Stay in my paypal account and be able to use that money when I make another purchase. How do I set that up??? Evidently this is not so silly of a question from what I am reading HA HA.
Click to expand...

I've had my account set up for awhile and can't remember for certain, but don't believe you have to do anything to just leave the money in the account... it sits there until you use it. You might want to look and see if they have any kind of program that allows you to earn from what sits in the account if it's a larger amount. Mine never is, so it's immaterial to me. I operate my PP account through a separate bank account in case there's a problem that I don't want associated with the HH account.
 
Russianwolf said:
Gary, if you are going to take credit cards, how do you avoid fees? The only way I know to avoid fees and sell stuff is to only take cash, and money orders (some banks charge a fee if you deposit more than 5 checks a month now)

here's a link to their fee page

http://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside
Click to expand...

Mike; The easiest way to avoid fee$ and bank$ is to join a credit union.

The credit unions have an ATM system where you can withdraw money from any Credit Union (CU$) ATM machine without paying any fee. They figured out that that way they could "pool" their ATM machines and cover a wider area.

The only down side to the credit union is that they do not disburse cash except by ATM machine.
 
jttheclockman said:
Ron

That is what I want it to do. Stay in my paypal account and be able to use that money when I make another purchase. How do I set that up??? Evidently this is not so silly of a question from what I am reading HA HA.
Click to expand...

That is the way it works. If you have a paypal account you are set. Any money you receive by paypal will stay there till you use it. You can use it buy paying with paypal. If you by something with paypal they will use the money you have in your paypal account. If you don't have enough in your paypal account the balance will be taken from the account you have it linked to. If you don't want to leave the money in the paypal account you can do a transfer from the paypal account to your own account. I've used them for years and haven't had any problems. There are some who have but I think that is the exception not the rule or it wouldn't be a popular as it is. Any system you use is going to have fees of some kind except cash. But I find the ease of use justifies the fees.....a least for now.
 
randyrls said:
Mike; The easiest way to avoid fee$ and bank$ is to join a credit union.

The credit unions have an ATM system where you can withdraw money from any Credit Union (CU$) ATM machine without paying any fee. They figured out that that way they could "pool" their ATM machines and cover a wider area.

The only down side to the credit union is that they do not disburse cash except by ATM machine.
Click to expand...

I agree.

My credit union waived all fees as long as you use ATM's with MasterCard, Cirrus, Co-op Network, Pulse, or Armed Forces Finance Network POS label on them.

The best part, they pay better interest than most banks and issue dividends as well! :smile:
 
I only use Paypal for personal use - so I can't speak to the Premier membership thing - but I seem to recall reading here once that someone was complaining there were fees associated with using (not converting to) a Premier account and that once you've made the switch, you can never downgrade back to the basic - meaning that using your Paypal account for personal use requires paying fees associated with a Premier account. That said, I've not looked into it myself, so I might be conversating out my posterior. :rolleyes: (Dang, that was only 2 sentences?)

I will say, though, that the thing I read about Premier accounts, combined with several other anecdotes about Paypal, has kept me from ever planning on accepting Paypal with my business. In fact, I use it as little as possible, even to pay. (I may rethink this, but for now, no plans.)



daniel
 
randyrls said:
Mike; The easiest way to avoid fee$ and bank$ is to join a credit union.

The credit unions have an ATM system where you can withdraw money from any Credit Union (CU$) ATM machine without paying any fee. They figured out that that way they could "pool" their ATM machines and cover a wider area.

The only down side to the credit union is that they do not disburse cash except by ATM machine.
Click to expand...

Dario said:
I agree.

My credit union waived all fees as long as you use ATM's with MasterCard, Cirrus, Co-op Network, Pulse, or Armed Forces Finance Network POS label on them.

The best part, they pay better interest than most banks and issue dividends as well! :smile:
Click to expand...

But guys, you are talking about getting money out of your account, not taking money from other people. I can transfer any money from my paypal account to my checking account for Free just like anyone else.

The issue with paypal's fees is that they take these when you receive a payment. And if you are going to take credit cards (or anything with the MC/Visa/Amex logo on it), there is going to be a fee.

Let's say, I want to buy something off your site, or from you at a show. And the charge is $100. How much of that will hit your bank account? With paypal it will be $96.80 if my math is correct. I don't know of any way to avoid these fees.

These are not the bank's fees, they are the fees of Visa/MC/Amex for the privilege of using their system that they charge all merchants.
 
Monty said:
Start with this page and I believe it will answer your questions about the fees and services.
https://www.paypal.com/helpscr?cmd=...olutionTab&ps=solutionPanels&solutionId=13138
Click to expand...

but on the fee page it also says this about accepting credit cards on a personal account

"4.9% + $0.30 USD (limit of 5 transactions per 12 month period)** for domestic or U.S. transactions"

Meaning after 5 credit cards in a year, they will not let you do any more until you get a premier account.
 
Russianwolf said:
But guys, you are talking about getting money out of your account, not taking money from other people. I can transfer any money from my paypal account to my checking account for Free just like anyone else.

The issue with paypal's fees is that they take these when you receive a payment. And if you are going to take credit cards (or anything with the MC/Visa/Amex logo on it), there is going to be a fee.

Let's say, I want to buy something off your site, or from you at a show. And the charge is $100. How much of that will hit your bank account? With paypal it will be $96.80 if my math is correct. I don't know of any way to avoid these fees.

These are not the bank's fees, they are the fees of Visa/MC/Amex for the privilege of using their system that they charge all merchants.
Click to expand...

My post admittedly went out of the Paypal REALM. No way to avoid the fee UNLESS you are dealing with someone back and forth. Instead of paying each other after...just issue a REFUND :biggrin: (fees are returned as well) not up and up but can be exploited. :wink:
 
I use PayPal for many of my sales and all of my credit card sales. I use the invoice option; this allows me to email an invoice to a customer. The customer gets an itemized invoice with a link into the Paypal system. Simple for the customer to use, they don't need a PayPal account to pay me.
I prefer these invoices to a shopping cart on my web page since I do a lot of custom work.
The fees are not cheap, but they are cheaper than setting up a business account with the ability to charge credit cards; especially in Canada where these things cost a lot more.
 
The thing I do not get is. When I opened a paypal account I supplieda credit card where the bills get sent. There was a $5000 spending limit. Recently I get a notice there is $600 and change left in this account. I have used this to buy things over a period of years not all in one month. Why doesn't the account go back up after the bills are paid??? I did not want to open a bank account. What am I missing here???
 
John, some of their policies leave a lot to be desired.

When I set up the account for the Lakota Foundation, the idea was to collect donations and spend them on-line for items that were needed. I had several people donate and when I went to spend the funds couldn't. The spending limit until you provide a card/account is set to $0. Even though I didn't need any account back-up as I planned never to spend more than received, I couldn't do it.

Pain in the Kischter.

The the whole fiasco about the purse came up with them not being willing to tell me why they decided as they did.
 
That's the point----evryone wants a piece of the pie and the never get enough to make them happy.
Look at ATM fees---you pay the machine/bank their fee----and you also pay paypal a fee. You are doing one transaction and get to pay two fees.
 
I tried calling, I tried their automated question thing and can not get through. It is a pretty good service but it doesn't make sense. I paid all the bills as I do with all my credit cards. I should get more credit in my account now. I have an odd ball checking account I use for ebay. I may have to give them that. Just do not like the idea of someone else getting info that there is no need for. Not liking this.
 
jttheclockman said:
I tried calling, I tried their automated question thing and can not get through. It is a pretty good service but it doesn't make sense. I paid all the bills as I do with all my credit cards. I should get more credit in my account now. I have an odd ball checking account I use for ebay. I may have to give them that. Just do not like the idea of someone else getting info that there is no need for. Not liking this.
Click to expand...

John,

You reminded me that I recently tried to make a payment through Paypal using an account I left about 5 years ago back in Atlanta. I never closed it, but I never used it, either. Apparently enough time went by that they closed it for me (the credit union, not Paypal) and kept my ~$47 and change. My own laziness cost me that money, so I'll not complain. However, when I tried to use it in Paypal and it showed up "closed", Paypal revoked my "confirmed" status and slapped a limit on me. I still use them (as little as possible) and I use them SOLELY with one of my credit cards. Apparently, until I provide them another bank account (in ADDITION to my CC), I am a second-class customer...regardless of the 9+ year history I have with them.

To each their own, and I'll not judge, but me? I'd rather pay someone else more money than pay for the privilege of being treated in a manner with which I disagree. (I'd say "...in which I am not accustomed," but then I just sound snotty. :tongue:)

Yay, capitalism!


daniel
 
I use paypal all the time, sure there are fees involved when you get payments, but none when you make payments.
Here is a site link that calculates the fees for you, so you can add this to the bill:
http://www.rolbe.com/paypal.htm

Never had a problem with paypal. If there is money in your account, you can transfer it to your bank account. If you pay and have not enough money in your paypal account, the difference is either taken from a linked credit card or a link bank account - the whole thing is pretty simple. I bet there some here that had problems, but there are many, many more that had not.
It is a simple way to pay and get paid.
 
Pay Pal works well for me. I think the fees are reasonable - especially considering how easy it is to set-up the account. Processing is very quick when receiving a CC payment, and transferring money to my bank account is quick, too.
 
I use PayPal; quite a bit, I have their Debit card, and use it for buying most of the supplies for my Tools Business, I have the premier account. After having a credit card gateway which was costing 25.00 a month and still the normal transaction charges, I think I'm ahead using PayPal, too bad it doesn't work at shows, Still have to use something like ProPay and hope you can get cell service. but for the cost, PayPal offers quite a bit, including a shopping cart for your web site, the up side is you get 1% cash back using their card, It really doesn't sound like much but it adds up, I even use their card to ship with so I can save on shipping labels by using it on the USPS click and ship and still get 1% back. I buy my Steel, my Inserts my Screws my lathe and mill cutters, so it's good for me. I will say I have had some trouble with their shopping cart I installed on the Woodchuck site, but I'm sure it's the way I have it set up, Garbage in Garbage out. And It's all run through a separate bank account that we only keep 50.00 in, just for safety,.There have been a myriad of horror stories about bank accounts getting frozen for something asinine, I know two people who have had it happen to them, ALWAYS set PayPal up through a second bank account.
 
bitshird said:
the up side is you get 1% cash back using their card, It really doesn't sound like much but it adds up,
Click to expand...

I use Chase and get 3% back on my top 3 categories which include online payment of my utilities, groceries and gas purchase. The rest only get 1% back.

Another up side using their card, if I wait until I accumulate $200, I can use it to redeem $250.00 (another 25% extra). I did this twice the past 2 years so I got back $500. If you can pay off your balance every month, then you are way ahead.

Just FYI.
 
You must log in or register to reply here.
Back
Top Bottom