What Is Paypal and does it cost money?

Question

Also I'd like to know if i sign up for a paypal account how do i withdrawl the money in the account? Do i need to have it linked with my bank accout? If so, I bank with Wachovia, does wachovia have charge fees for that?

Answer 1

eBay have to have a legal way to trace the my that goes through their books, so you have to have an account with them, a form of banking for want of a better word,it also protects you from items you buy going else where, you can make a claim through paypal to get your money back. You can transfer money from your paypal account to your bank account if you make any money. Just be aware of the fees you have to pay on money paid to you from ebayers that pay through paypal, they can be steep!! If you want to be part of the ebay family you need to have a paypal account.

Answer 2

Go to paypal.com and read the faqs they have every answer to every question you have.

Answer 3

I have a paypal account, and it is linked with your bank account.  It is totally free on both ends.  When you sign up they will deposit a few cents into your account just to verify and then you will be good to go.. It is really good to have, a lot of websites use paypal.  I totally recommend it.  It is safe as well.  I have had my paypal account for 5 years now with no problems at all.

Answer 4

You can view your withdrawal options by clicking "Withdraw" at the top of your page on your Account Overview page.

To withdraw funds to a bank account:

1.  Log in to your account at: https://www.paypal.com/.

2.  Click "Withdraw" at the top of the page.

3.  Click "Withdraw funds to your bank account."

4.  Enter the required information and click "Continue."

5.  Click "Submit."

To request a check:

1.  Log in to your account at: https://www.paypal.com/.

2.  Click "Withdraw" at the top of the page.

3.  Click the "Request a check from PayPal" link.

4.  Enter the required information.

5.  Click "Continue."

Note:

A fee of $1.50 USD will be applied to each check withdrawal.

There is no option to withdraw funds to a credit card.

Just follow these easy steps:

Log in to your account at https://www.paypal.com/.

Click "Profile."

Click the "Bank Accounts" link in the "Financial Information" column.

Click "Add" if you already have a bank account added

Enter the bank account information.

Click "Continue."

Note: When adding your bank:

Your checking account routing number may be different than your savings account routing number.

Add any leading zeros to the account number.

Verify the correct bank information with customer service.

If your bank qualifies for instant bank confirmation, you will have two options:

1. Instantly confirm your bank account online - If you have online access to your bank, you can enter your bank log in information to confirm your bank account. This process takes about 2-3 minutes

2. Confirm your bank account by random deposits - PayPal sends two deposits to your bank account. The amounts are between $0.01 USD and $0.99 USD. After 2-4 business days contact your bank to find out the amounts. To complete the process, follow these steps:

Log in to your account at https://www.paypal.com/

Click "Profile."

Click "Bank Accounts" in the "Financial Information" column.

Choose the bank account you wish to confirm and click "Confirm."

Enter the two amounts.

Click "Submit." If the amounts are correct, your bank account will be confirmed.

Please note that you may wish to verify the routing number with your bank's customer service department.

Hope this helps!

Answer 5

try going to paypal.com to read the faq. lt will tell you