Pal Pal 101 for a DUMMY

CocoboloCowboy

CocoboloCowboy

Cowboys are my hero's
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Pay Pal 101 for a DUMMY

I have tried to set up a Pay Pal thing but must be doing something wrong.

Plus I do not totally understand the Pal Pal system, for receiving and transferring money.

So I will ask a couple of questions, and hopefully some of you who use this system all the time will be able to guide me down the right path, so I under stand Pay Pal.

1. When you request that someone e-mail you money is goes into you Pal Pal Account, but I do not understand how you get the Money out of Pal Pal, into say your Personal Saving Account.

Plus how long does this transaction take to happen, and LAST how & when is the transaction irreversible, and you know the money is secure in your saving account?

2. Also I understand you can transfer the incoming funds to a Pay Pal Debit Card, and how does that work.

3. Last when transferring funds from Pay Pal to say a SAVING ACCOUNT, does your Bank GIG you like they do for a Wire Transfer FEE?

All & Any help appreciated.
 
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Best thing to do is request a paypal debit card and when you recieve money you can use it like your personal bank debit card. If you want to transfer money to your bank account there is a transfer option. It usually takes 3-5 days to transfer
 
1 Two ways to get money out - Paypal debit card and transfer money from paypal to your bank account.

The transfer form paypal to your account usually takes about 3 days

2 A debit card can be obtained through paypal and used just like a bank debit card. There is no transfer from paypal balance to the card balance.

3 There are no fees for transferring money.

I've had my paypal account since 2000 and had no problems.
All the info you need to know is on the Paypal website under frequently asked questions

Hope this helps
Lee
 
doctorb98 said:
I recommend staying away from Pay Pal all together... Too many scammers use it....
Click to expand...

If you want to find SCAMMERS, who abuse a Government System it is Physicians who RIP OFF MEDICARE.

I think with Pal Pal looking at I-Traders is a good option.
 
COCO,
You need to add your bank account with PP before you can have funds pulled or added. This takes a couple of days.... PP will deposit a few cents into the account, and you have to confirm the deposit with them(exact amount), After you are verified, your go to go. USE A STRONG PASSWORD, and change it every couple of months.
I would also strongly suggest, only using that bank account for PP and online purchases only... nothing else.

Once you get though with the initial set-up, it's very easy to use, and convenient.
 
Once you set up a bank account with Pay Pal, either from checking or savings, then you go to Pay Pal and up top click on "withdrawal"....It will give you 5 choices....Top one is to transfer funds to you checking or savings....Just enter amount you wish, of course it can't be more than what you have in Pay Pal account, and in 3 or 4 days your bank will get it...My bank doesn't notify me so I call in about 4 days and ask if it's there...Actually fairly easy once you do it....
 
Also, as has been stated before elsewhere, when buying with Pay Pal, use a credit card rather than your bank account so you have the credit card protection if the deal goes bad.
 
I thank everyone who replied, and also the few who pmed me step by step directions. Will gt into the 21 Century next week...
 
It seems like everyone answered pretty good and of course the usual warning that PayPal is the devil.

There are no fees for withdrawing money from your PayPal account into your linked bank account. PayPal says it takes 3-5 days, my bank credits me the money generally within 2.

There are 2 ways PayPal can charge you back (reverse) funds they have paid you. One is if your buyer files a dispute with PayPal. I think the time limit for this type of dispute is 45 days, but I'm not sure as I never file that way.

The other way is if your buyer files a dispute with his credit card company. PayPal has to honor that dispute for as long as the credit card company gives their clients, which is generally at least 30 days from the statement date on the statement on which the charge appears.

Thanks

Kevin
 
Hey...Don't feel bad....This last Friday I got my first Smart phone, I-Phone 4S...I've always had a flip phone...My team mates said that very thing to me..."Welcome to the 21st Century"...:)
 
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