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Thread: PayPal users

  1. #1

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    Default PayPal users

    I have a question for anyone who uses paypal.I recently set up an account but I cant see anywhere on how a seller receives money:by check in mail or what.Sure I overlooked it but would appreciate any info before I go back looking:)Thanks Jim
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    They receive the money into their OWN Paypal account electronically. How they withdraw taht money is up to them, just as it is up to you how to deposit the money to send to them.
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    Under My Account>History

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    in before "Paypal sucks!" :D

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    paypal deposits money into your account once the buyer of your item sends you the money.. then you can choose to withdraw it by having pay pal cut you a check and mail it to you.. very slow. or you can withdraw it yourself into your bank checking account.. that usually only takes a couple days.

    paypal does charge you as the acceptor of the money from a buyer. if you pay someone with paypal, then they incur the fee.

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    Quote Originally Posted by danger boy View Post
    paypal deposits money into your account once the buyer of your item sends you the money.. then you can choose to withdraw it by having pay pal cut you a check and mail it to you.. very slow. or you can withdraw it yourself into your bank checking account.. that usually only takes a couple days.

    paypal does charge you as the acceptor of the money from a buyer. if you pay someone with paypal, then they incur the fee.
    I am always the one sending the money, never receiving. Is there a standard rate PP charges or does it depend on the amount purched?
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    Thanks for the info
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    Quote Originally Posted by jakelm View Post
    I am always the one sending the money, never receiving. Is there a standard rate PP charges or does it depend on the amount purched?
    depends on the amount.. sorry I don't remember the exact % though..

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    Quote Originally Posted by jakelm View Post
    I am always the one sending the money, never receiving. Is there a standard rate PP charges or does it depend on the amount purched?
    Paypal seems to hide their fee structure deep within the recesses of their 'Help' section ... it always takes me about 10 searches to find the damn thing.

    https://www.paypal.com/us/cgi-bin/we...y-fees-outside
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    Quote Originally Posted by jwhitakr View Post
    Paypal seems to hide their fee structure deep within the recesses of their 'Help' section ... it always takes me about 10 searches to find the damn thing.

    https://www.paypal.com/us/cgi-bin/we...y-fees-outside

    Thanks Jw, so if I have a paypal account and I send money to another paypal account, then its free.

    So why do some people charge a fee that they call "PayPal" fee? When its free from one paypall to the next.
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  11. #11

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    I think those fees are for credit card transactions, not cash to cash.
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    The receiver of the money is charged the fee. I think the actual fee is 3.1 %. That's why an add often states that if a purchaser pays via paypal to add 3%.

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  13. #13

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    Sending money to someone using Paypal is always free. Receiving money using Paypal is where the fees come into play ...

    Unless you are a very active Paypal user (meaning you receive $3,000 USD or more of Paypal payments per month), the fee is going to be 2.9% of the amount of money sent to you plus a flat fee of .30 USD. I think most people round this up to 3% when they are selling goods just to make it easy on themselves and the buyer.

    This is all only applicable for U.S. to U.S. transactions ... if you are outside of the U.S., it's a whole different fee structure that I have no clue about.
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  14. #14
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    Quote Originally Posted by jimi64 View Post
    I have a question for anyone who uses paypal.I recently set up an account but I cant see anywhere on how a seller receives money:by check in mail or what.Sure I overlooked it but would appreciate any info before I go back looking:)Thanks Jim
    When I receive money by Paypal... I simply transfer it to my checking account for free. Receiving money INTO Paypal is where the 3% charge hits. Transferring it into my checking account doesn't cost anything and usually takes about 3 days.

  15. #15
    stereo_luver
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    Lets check this. Send me as much money as you can. Send it to my PayPal account and I'll transfer the deposit into my Nigerian bank account and my church will send you a lottery ticket. Keep this ticket until we call you. If all goes well I will pay the 3% fee for the money you send me and you will wait to see if you win the lottery. I'll update as time allows.

    Chuck

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    stereo_luver..... didn't you used to work at Enron?

  17. #17
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    I don't understand the question?

    Chuck

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    Quote Originally Posted by stereo_luver View Post
    I don't understand the question?

    Chuck
    I think it was supposed to be funny. :D Liking your offer to an Enron exec., but isn't only funny if you don't know what really happened at Enron. If you do, it's not as easy to find the link.

    How's that for a quick explanation of his question? :D
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    Quote Originally Posted by J_Kennedy View Post
    I think it was supposed to be funny. :D Liking your offer to an Enron exec., but isn't only funny if you don't know what really happened at Enron. If you do, it's not as easy to find the link.

    How's that for a quick explanation of his question? :D
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  20. #20
    stereo_luver
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    It was in response to the grand jury......LOL

    Chuck

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    like the misfit, paypal ............

    is out to get you.

    RT1

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