I've set up a paypal account

Question

and money has been been paid into it by someone who bought something from me on ebay, does this mean that the money has gone straight into my bank account? it says it is there in my paypal account, but what does this mean? please help!!

Answer 1

Your PayPal account is like an ADDITIONAL bank account.

The money is in THAT account until you withdraw or spend it.

If you want it deposited to your bank account, you have to make a 'withdrawal', just like at your bank.

I suggest you leave it there until all the fees have been paid for your sale.  THE E-bay fees and the PayPal fees. (Both charge you SEPARATELY.)  E-bay for selling the item and PayPal for collecting the money for you.

You can easily pay your E-bay fees from the PayPal account, normally, by instructing PayPal to pay the E-bay fees.

You should READ the PayPal tutorials on how to use your account.

ALSO read the E-bay tutorials on how THEIR accounts work.

Answer 2

Its in your paypal account, you have to transfer it to your bank account. Just clikc the link that says "Transfer funds" (or something like that). I think it takes 7 days mind!