jtay Posted February 17, 2009 Report Share Posted February 17, 2009 So, I've had a PayPal account for a while now which I've never used, but now I expect to need to use it real soon. I figured that you people here would be able to help me out better than anyone else. My main questions are, "Do I have to have a balance on my PayPal account in order to send funds, or will PayPal automatically withdraw it from my bank account? And if I want to add money to my PayPal account, how long does that take?" Any other info/tips that you want to throw out there would be appreciated as well, since I have no idea of the process involved when using PayPal. Link to comment Share on other sites More sharing options...
duffy Posted February 17, 2009 Report Share Posted February 17, 2009 ithink if you dont have a balance in your paypal...itll go as an echeck which takes 5-7 days...it might be faster to send a check... Link to comment Share on other sites More sharing options...
LouisCamp Posted February 17, 2009 Report Share Posted February 17, 2009 If you have a check card or credit card attached to the account, Paypal will withdraw and send for instant payments. If you don't have a card on file, you will need to do the e-check like Duffy said. Lou Link to comment Share on other sites More sharing options...
glangley Posted February 17, 2009 Report Share Posted February 17, 2009 My debit card is listed on my paypal account, and they deduct the money straight away from my bank account without any funds actually on the balance of the paypal account. This has worked splendid for me. I think Lou nailed it on the head though. If you don't have a credit card, or bank card (visa/mastercard debit, or check card) listed on your account, then it will take longer. God Bless! Link to comment Share on other sites More sharing options...
sunk9s Posted February 18, 2009 Report Share Posted February 18, 2009 If I don't have funds in my Paypal account it is automatically deducted from my Bank Account, but I had to sign up for that option in my preferences, and give them my bank account info. If you want to transfer funds from your bank account to PayPal it takes 3 - 5 days, and some banks charge a fee, plus I think PayPal does also. Link to comment Share on other sites More sharing options...
Al Oregon Posted February 19, 2009 Report Share Posted February 19, 2009 I set up a special credit card (my choice of which one - mimimal limit, no annual fees, etc.) just for Paypal. I then pay through the credit card (you have to click on more payment options or it'll automatically take it out of your bank account). Then each month, I just pay the credit card bill in full. It doesn't cost me anything, either with Paypal or the credit card company. Of course, if you sell on eBay and have a balance in yoru Paypal account, they take the money out of there first. Link to comment Share on other sites More sharing options...
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