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Thread: PayPal?

  1. #1
    SitePoint Member Damir's Avatar
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    PayPal?

    I only used my PayPal to pay stuff on Ebay and other websites, but never used it to receive payments. So I was wondering if someone could help me out.

    I opened the "premium" PayPal account. I am supposed to receive $50.00. When this person sends me this $50, will the money directly go to my credit card, or will it stay on PayPal, meaning that I could only spend that money by paying stuff with PayPal?

    And if it goes to my credit car, my card is up to $5,000. Right now, everything is paid off, so would I be able to put this $50 on top of my $5,000.

    And lastly, what would my PayPal identification (user_name) be. Is it the email address that my PayPal is under?

    I really appreciate you taking your time to help me out,

    Thanks a lot,
    Damir
    Canadian EH ?

  2. #2
    Non-Member Egor's Avatar
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    Money received will stay in your account. As far as I'm aware, the only way money can go back into the CC is when you pay for something (using the CC), then cancel that payment or have the recepient deny it.

    Your email (the one you used to register with) is your Paypal ID (multiple emails, which can also be used as ID's, can be added if necessary).

  3. #3
    Non-Member demosfen's Avatar
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    I think you can move money from paypal to your bank account, but I don't remember for sure. (My wife spends my paypal balance at faster rate than it grows, so I don't have to deal with this problem )

  4. #4
    - Michael - Bytecon's Avatar
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    Yes, you can send your paypal balance to your bank account.

  5. #5
    SitePoint Enthusiast
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    One word of advice, stay well away from Paypal they are thieves and will do everything they can to ruin your business and take as much money as possible from you in the process...
    eConseils.com - Internet marketing forum (French)

  6. #6
    Non-Member demosfen's Avatar
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    Yes but so can any other cc processor, they are not better or worse than most competitors. It's a scam industry, not much you can do to avoid the risk (unless you can get paid in cash)

  7. #7
    SitePoint Enthusiast
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    Quote Originally Posted by demosfen
    Yes but so can any other cc processor, they are not better or worse than most competitors. It's a scam industry, not much you can do to avoid the risk (unless you can get paid in cash)
    Fair enough, I would say however that merchants account with banks tend to be more reliable as they are under stricter regulations as oppose to Paypal !
    eConseils.com - Internet marketing forum (French)

  8. #8
    He's No Good To Me Dead silver trophybronze trophy stymiee's Avatar
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    Quote Originally Posted by krooga
    Fair enough, I would say however that merchants account with banks tend to be more reliable as they are under stricter regulations as oppose to Paypal !
    Paypal is under stricter regulations then a regular processor. Not only do they have the regular regulations as any processor would but as a third party processor, which is hated by Visa and MasterCard, they have a very high exposure and one mistake can lead to them being cut off.

    PAYpal is the best third party processor available hands down.

  9. #9
    SitePoint Enthusiast
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    Quote Originally Posted by stymiee
    Paypal is under stricter regulations then a regular processor. Not only do they have the regular regulations as any processor would but as a third party processor, which is hated by Visa and MasterCard, they have a very high exposure and one mistake can lead to them being cut off.

    PAYpal is the best third party processor available hands down.
    Maybe so in the United States, but in Europe if you have a problem with them, they can pretty much do what they want with your money...

    Everything is good when there are no problems sure, but when you do experience a problem unfortunately there is not much you can do...

    For those of you who are still hesitant I would recommend you read this:
    http://www.paypalsucks.com/PayPalFormerEmployee1.shtml
    http://www.paypalsucks.com/PayPalFormerEmployee2.shtml

    And the forum in general,

    Best of luck

    Sma
    eConseils.com - Internet marketing forum (French)

  10. #10
    SitePoint Guru ckita's Avatar
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    Yes, you can send your paypal balance to your bank account.
    Yup, that true..however in some countries, you can't withdraw money to your bank.
    (including my country-Malaysia)

  11. #11
    SitePoint Member baye's Avatar
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    You need to put in your bank account info

    Hi

    You will need to supply your bank account info, I used my chequing account and the money will be directed into your account after paypal gets their fees.

    Baye

  12. #12
    SitePoint Member Damir's Avatar
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    Thanks for the advices guys. I called them up and they told me about the bank idea. So yeah I guess that I will have to use that.
    Canadian EH ?


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