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 Posted: Thu Jul 6th, 2006 04:04 pm
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Gregger
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I have a question for all you PayPal experts....If I sell a watch using Paypal is the money credited to my credit card and do I have to pay PP a percentage???? Thanks

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 Posted: Thu Jul 6th, 2006 04:12 pm
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KenC
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Yes!

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 Posted: Thu Jul 6th, 2006 04:39 pm
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e.avery
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I think the man of few words was saying Yes you do have to pay a percentage and they can upon request transfer the balance to an account, or in other words Yes.:D

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 Posted: Thu Jul 6th, 2006 04:43 pm
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KenC
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e.avery wrote: I think the man of few words was saying Yes you do have to pay a percentage and they can upon request transfer the balance to an account, or in other words Yes.:D
 

uh-huh! :D

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 Posted: Thu Jul 6th, 2006 05:08 pm
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sleddog218
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I agree, but you can also transfer the money to your checking account. It has to be a verified account, which involves them sending 2 small deposits to your checking, then you log into paypal and give them amounts. That way they know the account information you provided is correct. That's how I do it, and they just transfer however much is left over after their fees to my checking.

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 Posted: Fri Jul 7th, 2006 09:50 am
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oagaspar
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I just received the new Paypal Debit Card which allows You to access your funds from any ATM or Just Use it as a Debit/Credit card..Works Like a gem at No Extra Cost

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 Posted: Sun Jul 9th, 2006 08:03 am
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watchboy
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Hi Gregger, the answer is yes! Ok let me go into more details as I am using my credit card for Paypal too.


If you sell a watch or someone pays/sends you money, you have to pay a fee. The fees is listed on your Paypal tools. Go to "Merchant Tools", then look for "transaction fees". You will see the % of fees charges according to the amount involve.


Now for the fund left in your Paypal. I would advice you to use it in future, or if you prefer to withdraw it, JUST PROVIDE one of your bank account and update your personal profile in Paypal. I think you can credit the fund into your credit card too BUT I don't think your credit card company or bank with refund you in cash, and even if they will, there might be a fee involved.


Also the amount transferred to your bank, if not more than a required amount, there will be a fee charged too. But if your fund is above the minimum required amount, there will be NO fee. So when you input your bank info, and try to transfer the fund, you will learn how much the amount.

As I am using a no-US account, so the figures may varies. But rest assured, there is always a preveiw before you click to execute a transfer fund action.


Jacky

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