Paypal Users,I have a question

M

Makdaddymac

New Member

May 28, 2005

323

1

0

orlando

Sep 10, 2006

#1

• Sep 10, 2006

• #1

I have a pyapla account its been verified,the account has my account and everything...When ilog into my paypal it says i have 0.00 balance.Do i have too add funds ; it says it will take 3-4 buisness days to transfer funds....Well i want to buy someting today...Does it matter that i have 0.00, wont it automatically withdraw from my checkings or what???
There is also a pay ebay item menu,were it check for items youve one and fills out the information fo you,but that goes back to my original question...

 

50FoxBodyGT

Member

Aug 24, 2006

74

4

9

Memphis

Sep 10, 2006

#2

• Sep 10, 2006

• #2

Ya, you don't have to transfer funds into your account. It'll just pull from your bank account.
Just outta curiousity, what you buying? Some parts for the stang?

 

timeless2

Vi Veri Veni Versum Vicus Vici

Admin Dude

Nov 29, 1999

1,366

202

154

the Shadow Gallery

Sep 10, 2006

#3

• Sep 10, 2006

• #3

The cash option (an ACH transfer from your bank) does take 3 to 4 days to clear, almost like a check. If you want something today or in the future, then you need to have a rolling balance of funds in the actual PayPal account.

Otherwise, you can use the credit card option that will pay for something instantly (without a fund balance) but you will incur transaction fees from PayPal.

Make sense?

 

Ozz

I think I have a problem here.

Founding Member

Jul 27, 2001

3,514

66

109

Canton, MI

Sep 10, 2006

#4

• Sep 10, 2006

• #4

If it's linked to your bank account, you send money and it takes it right out of the bank account. That is immediate, not 3-4 days. If you transfer funds from the bank TO your paypal account, which will bring the balance up, that'll take a few days as well.

The balance means you have no money in your actual PayPal account. If you were to sell something for $20, the balance would then go up to $20 (minus a fee if you're on a premier account). Then you can transfer that to your bank (3-4 days) or send it directly to someone for some other products. The moneyw ould then come right out of your PP account and not your bank account - unless your PP account couldn't cover the total cost (at which point the balance would be taken right outof your checking account and sent off along w/your PP balance to the seller).

Hopefuly that makes sense

 

M

Makdaddymac

New Member

May 28, 2005

323

1

0

orlando

Sep 10, 2006

#5

• Sep 10, 2006

• #5

yah parts for the stang!
Ok so basically i have 0.00 baalance on ym PP acount.i buy something for 40.00 it will witdraw from my checking account.No problem or will i get fee'd?also once i win the item or buy it now do i have to send the money or does the seller just automatically get it throught the paypal agreement.I dont want to send payment and then he gets to withdraw it. that would be double....

 

Ozz

I think I have a problem here.

Founding Member

Jul 27, 2001

3,514

66

109

Canton, MI

Sep 10, 2006

#6

• Sep 10, 2006

• #6

No fees. It's processed similar to a debit card.

 

timeless2

Vi Veri Veni Versum Vicus Vici

Admin Dude

Nov 29, 1999

1,366

202

154

the Shadow Gallery

Sep 10, 2006

#7

• Sep 10, 2006

• #7

His payment will be finalized when the ACH draft clears at your bank from your account TO PayPal. No fees with this option.

 

M

Makdaddymac

New Member

May 28, 2005

323

1

0

orlando

Sep 10, 2006

#8

• Sep 10, 2006

• #8

WTF! so the only point of the balance is if you sell something and get money on the account you can transfer it to your bank account or just use it to purchase another item...Im only i buyer as for right now,so i dont have to wory about this..
thanks guys here we go,i;ll blame you guys if something happens.

 

timeless2

Vi Veri Veni Versum Vicus Vici

Admin Dude

Nov 29, 1999

1,366

202

154

the Shadow Gallery

Sep 10, 2006

#9

• Sep 10, 2006

• #9

Makdaddymac said:

i;ll blame you guys if something happens.

Click to expand...

Free advice: you get what you pay for.