If I use paypal to sell on ebay. How do i get the money into my bank account once the item has been bought?
Tuesday, July 14th, 2009
at
7:44 pm
sophia_uk16307 asked:
I have heard that many ebay customers prefer to pay by paypal so I would like to use the service aswell. However, I do not use internet banking so im unsure how i will actually get the money from the items I am going to sell on ebay?
I have heard that many ebay customers prefer to pay by paypal so I would like to use the service aswell. However, I do not use internet banking so im unsure how i will actually get the money from the items I am going to sell on ebay?
Tagged with: Ebay Customers • Internet Banking • Money
Filed under: Online Banking
Like this post? Subscribe to my RSS feed and get loads more!
You can link your PayPal to an existing bank account which you need to add in your bank acc#. However, there’s a min. fee PayPal charges if you want to withdraw so just wait till you have $200 and it’s free.
You enter your bank account information in PayPal. They then send two small deposits to your account. You enter those amounts into your PayPal account to confirm the bank account information. Then you should be set up to a) receive payments and b) be able to transfer your PayPal balance to your bank account.
There is an option to be paid by check instead of bank transfer too.
It costs money to receive payments. There is a “Personal” option to receive payments without paying a fee, but it is no longer easy to use on eBay. You will need to upgrade to “Premier” sooner or later.
You do not need online banking to use paypal. all you do is give them your bank account or credit card account numbers and they will send 2 deposits (less than 1 dollar each) and you have to tell them exactly how much was deposited to get confirmed. And there is no fee to transfer money from paypal to your bank account (no minimum either)