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As ebay own PayPal its a great way for them to make more money, so Im sure they willhave their way, especially when all they have to contend with is the ACCC.
As far as Im aware, whenever Ive used PayPal to pay for beanbay purchases Ive also paid the tansaction fees, which is fair enough as its an immediate transfer. What irks me a little is that they also charge a fee whenever I transfer funds to my bank account.
Originally posted by cafe zeenuts link=1213998567/0#19 date=1214363545
Paypal only charge you a fee if you withdrawn less than $150AUD but if its over $150 then its free.
Cold comfort.
I am not a big spender. :-[
It looks to me as though I need a guided tour to PayPal
I got lost in the downloaded documentation that PayPal offers. I presume this is a strategy to encourage prospective users from "throwing in the towel and just sign on the dotted line".
Signing up for paypal is easy just enter your details on the website and away you go. I have been using it for years, have no problems with it what so ever. When you start buying a lot of items over the internet you’ll appreciate the convenience of paypal.
You don’t have to be a big spender using paypal its quick and safe, but if you do buy big ticket items then paypal is your only safe option for paying securely online.
One of my early PayPal purchases was for an item costing over $US600.
I did my research and decided it was my safest form of payment for such a large amount for an item coming from the other side of the planet.
Originally posted by cafe zeenuts link=1213998567/20#22 date=1214454857
Signing up for paypal is easy just enter your details on the website and away you go. I have been using it for years, have no problems with it what so ever. When you start buying a lot of items over the internet you[ch8217]ll appreciate the convenience of paypal.
I thought tht this might be the case.
But I got confused by the information that PayPal provided to prospective new clients.
Specifically:
a) Paying with Pay Pal
If you do not already have a PayPal account, **you can sign up for an account
using your credit or debit card** when you purchase your item using the Pay Now
button. **If youd rather use funds from your checking account, you can sign up
for a PayPal account at any time**.
and b) Advantages
Does not require you to use your credit card online (you can transfer directly
from your bank account).
Based on the comments posted by CoffeSnobbers , who are familiar with PayPal, I now understand that "using your credit or debit card" relates to paying for purchases and has nothing to do with "signing up for a PayPal account".
My current understanding is that PayPal are inviting me to make them an interest-free loan and to pay them a fee if I want to have my money back.
You dont need to have any money in your Paypal account.
EG: My Paypal balance is usually zero (unless I am selling stuff on the auction site).
My account has a bank account and a credit card attached to it. If I make a purchase, I go into Paypal and enter the details (or sometimes it is auto populated), check the details, select the account I want to pay from and the amount is processed then.
There is no interest free loan to them from my perspective.
Fees come into play when you receive money from others and/or wish to transfer it back to your nominated account. Because of the said fees, some sellers add this to their price.
Originally posted by fatboy link=1213998567/20#25 date=1214523557
You dont need to have any money in your Paypal account.
EG: **My Paypal balance is usually zero **(unless I am selling stuff on the auction site).
My account has a bank account and a credit card attached to it. If I make a purchase, I go into Paypal and enter the details (or sometimes it is auto populated), check the details, select the account I want to pay from and the amount is processed then.
SNIP
Hope that helps.
Brett.
It helped a lot! I wondered if accounts with zero balances were acceptable.
I suppose that I would have discovered it in due course, if I had signed up. But I prefer to know what I am am letting myself if for.
I have used Paypal for several years to purchase items. Great purchasing facility.
When someone buys from me, though...how long after the money registers in my Paypal account does it take for the money to register in my linked bank account?
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