PAYPAL USERS... l NEED HELP... ?????

Question

ok i just opened a new account... and the information on the website isn't very helpful so please help me out...

does paypal require a minimum balance?

i have a personal account.. is it free when i send and recieve money from other paypal users? what about credit and debit?

lastly if i recieve money into my paypal account via ebay... how could i get the money?

Answer 1

no miminum balance

yes it is free.

to get the money you log into your paypal account, hit withdrawl at the top left tab, hit transfer to account and it will take 3-4 business days to get into your account.

Answer 2

no it goes strait to you account when recieved

Answer 3

Paypal is free to SEND, but there are fees to receive money.

So if you sell on eBay, for example an item amounting to $300 -- you will only get about $288, with $12 Paypal will automatically deduct for fees

Personal account means you have a limit in terms of how much you can receive as well as how much you can withdraw in a month

You get the money by going to your Paypal account, clicking on Withdraw, and selecting whether you want the money transfered to a bank account, or Paypal will issue you a check (there's a $1.50 fee for every check) or use th funds to buy items from stores that accept Paypal

Here's the description of Personal Account from Paypal https://www.paypal.com/helpcenter/main.j...

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Personal accounts are primarily for sending payments. Personal account holders can receive a limited number of payments funded by credit cards each year, and pay a small transaction fee for each.

Answer 4

no, there is no minimum balance req. They charge you fees for accepting money from ebay users and what not. Its like 50 cents and then goes up depending on the amount you recieve. In order to get ur money you can have it transferred to ur bank account but it takes 3 or so days. After you had the account for 60 days u can apply for a paypal debit card.

Answer 5

people seem to be answering the questions - about the paypal card. its great.  you have instant access to the money in your paypal acct and even if you dont have money in your paypal it will just rollover to your bank acct.  its very handy.  i use it everywhere esp if i forget my bank card.  or once i couldnt read the cvv code on the back of my bank card and i really needed to pay my cell phone bill online so i used my paypal card instead and it just rolled over to my bank acct.

also, the daily limit on the paypal card is $1000 so if you exceed it on your bank card then you can still use the paypal card instead.

Answer 6

1. No, no minimum balance required.

2. I think there might be a small fee but I'm not sure.

3. You have to attach your PayPal account to your bank account so you can transfer money. Or you can sign up for a PayPal card.

Answer 7

1Not sure about the minimum balance.

2Yes, sending/receiving money is ALWAYS free.

3When you receive it, you transfer the money through your card. It'l be on your statement.

Answer 8

no u dont need a minimum balance, when i opened mine it didnt tell me anything about that. Iv done few transactions and ive never been charged.

Answer 9

the first question -no payapl does not require a minimum balance

the 2nd- to send and receive money is totally free

3rd question -to receive the money you have to set up a your own personal bank account and you can send the money to your own account from paypal.

its very easy and I hope this helps!