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how does paypal work to receive money?

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Old Oct 27, 2004
  #1  
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how does paypal work to receive money?

Does anyone have experience with Pay pal and how to receive payment. Ive used it before to buy something but what about when someone buys something from you. Is there service charge and how do you get the money?

Thanks for any help
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Old Oct 27, 2004
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If you have a basic Paypal account, then you can only receive money from people who use Paypal to pay with their bank account - no service charge to receive the payment. This means that anyone who uses Paypal to pay with credit card, you cannot accept their payments unless you upgrade to a premium Paypal account, which of course costs you money-per-payment.
I linked Paypal with my bank account, so I can send payments from it and take (bank account only) Paypal payments from other members. Once the money is in my Paypal account, I can have it transferred to my bank account for a pittance (like $1.50 or something). Since I use Paypal so much, I leave the money in Paypal until it hits like $100 or so, then drop it into my bank, so I minimize that service charge.
If you need to know more you can call my celly. You remember how to USE-WILL right?
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Old Oct 27, 2004
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The money you receive would be credited to your account online and you can use this money for future Paypal purchases or get cash onto your credit card.

And there is a service charge...3% I think.

Hope this helps Mario...
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Old Oct 27, 2004
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You guys are great. thanks for the info. You can always count on 7thgen.
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Old Oct 27, 2004
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Yes, it's an Acura EL
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Yes, we ARE great. Give me money.
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Old Oct 27, 2004
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2.9% .. and its 50 cents (CAD) to withdraw to your bank account (though you need to set that up etc)

It is a convinent service.. though grr for them charging and eBay charging.. costs so much to do business online
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