If I "sell" my shares in a stock, how do I get my money? How does this work?

Question

If I "sell" my shares in a stock, how do I get my money? How does this work?

Answer 1

Depends    who  is   Holding  your  shares ,

You   or  a  broker .

When  I  sell,   Charles  Scwab  processes  the  order  and  places  the  funds  in  my  account  while  deleting  the  shares .

If   for  some  reason ,  you  hold  the  certificates ,  then  you  need  to  approach  a  broker  who  will  handle  the  transaction  and  pay  you  when  the  deal  is  done  .

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Answer 2

If you sell your stock, then you get paid whatever you sell them for.  To be able to sell something, there always has to be a buyer, right?  So what you get paid for selling is whatever the other person was willing to spend to buy your stock (minus whatever commissions you have to pay to your broker).

Answer 3

Through your account, if you buy and sell stocks via brokerage service then most likely that your balance will increased and to get your money you'll have to withdraw it from your brokerage account.