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Michael_kelly (Michael_kelly)
Username: Michael_kelly

Registered: 03-2008
Posted From: 64.228.140.141
Posted on Thursday, August 20, 2009 - 01:02 am:   

To those of you who do business via Paypal, specifically if you receive payments for goods, how do you access the funds? I can set up a personal or business account, but it seems the funds I'd acquire for goods just stay in the PayPal account as a current balance.

Do you have to tie your account to your bank account?
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Stephen Walsh (Stephenw)
Username: Stephenw

Registered: 03-2009
Posted From: 82.4.20.22
Posted on Thursday, August 20, 2009 - 01:13 am:   

Yeah, you register your Bank Account details with PayPal and then withdraw funds to the Account as and when needed (6.50 minimum withdrawal) which takes about 4 or 5 days to show up.

I'm sure there must be a Help/Tutorial type thing on the site somewhere that guides you through the process. Been using PayPal for quite a few years now and remember finding it quite straightforward at the time - and very reliable.
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Craig (Craig)
Username: Craig

Registered: 03-2008
Posted From: 75.5.3.164
Posted on Thursday, August 20, 2009 - 05:02 am:   

There's also a limit set, for transferring funds from PayPal to your bank account - it's $500/month. UNLESS, you register with them your (in the States) SSN, at which point you can transfer any amount any time, I believe... probably for some nefarious tax reporting or something reasons....
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Michael_kelly (Michael_kelly)
Username: Michael_kelly

Registered: 03-2008
Posted From: 64.228.140.141
Posted on Thursday, August 20, 2009 - 03:46 pm:   

Thank you Stephen and Craig. I'm just a little leery of having my bank account tied to my PayPal as I've had my PayPal/eBay account hacked before.
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Stephen Walsh (Stephenw)
Username: Stephenw

Registered: 03-2009
Posted From: 194.72.14.113
Posted on Thursday, August 20, 2009 - 05:53 pm:   

If you have money in your PayPal Account the only way you'll be able to access it is by transferring to a Bank Account in your name. Maybe you could open a new Account purely for PayPal in which the funds would merely be "resting" to quote Father Ted.
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Michael_kelly (Michael_kelly)
Username: Michael_kelly

Registered: 03-2008
Posted From: 64.228.140.141
Posted on Thursday, August 20, 2009 - 08:47 pm:   

Stephen, yes, that's exactly what I'm going to do. many thanks.

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