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Thread: Signing up for PayPal?

  1. #1
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    Signing up for PayPal?

    Gene Cafe Coffee Roaster $850 - Free Beans Free Freight
    I sent this query to PayPal and failed to score a reply.

    Since PayPal is now an acceptable option for paying for BeanBay purchases, perhaps a CoffeeSnob PayPal user will be good enough to enlighten me.

    The query is this:

    Accorfing to PayPal, I need to supply details of my *bank-account* when registering. *Unfortunately, I do my banking with a Credit Union. Does this make a difference? The credit Union does have a BSB Number and, I suspect, a SWIFT Code.

    I thought it worth to get some guidance before I louse up a PayPal registration.

    Felix

  2. #2
    Senior Member flynnaus's Avatar
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    Re: Signing up for PayPal?

    Hi Felix

    I am a member of Paypal and use my credit union account . It[ch347] OK.. I don know anything about having to use a SWIFT code.

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    Re: Signing up for PayPal?

    Me too Felix, but you need a backup credit card,otherwise it will take about a week to clear the payment.

  4. #4
    Senior Member GregWormald's Avatar
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    Re: Signing up for PayPal?

    Credit Union should be fine. I have not registered my bank account (somehow it wouldnt work when PayPal deposited the VERY SMALL triggering amount!!??), I used a credit card instead (with very small limit).
    So far Ive had no problems and have bought stuff from private individuals and companies in Canada, USA, Hong Kong, Taiwan, and Aus.
    Greg

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    Re: Signing up for PayPal?

    I do not use Pay Pal, I refuse to.

    If you are in a credit union you would be better off doing a direct transfer from your account to Andys.

    I do this al the time without any hassles.

  6. #6
    Senior Member fatboy_1999's Avatar
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    Re: Signing up for PayPal?

    The Credit Unions BSB is fine and I see no reason why it would not be valid.
    I think sometimes they just say Bank Account out of habit.

    SWIFT codes are for international banking and should not be a concern for yourself setting up Paypal.

    I originally set up Paypal with my credit card and added the Bank Account later (when I think it became mandatory). Ive never had any problems with them and they are an absolute boon if you happen to be dealing with other currencies on a sporadic basis. Not the best exchange rate around, but way easier than trying to get your bank to cash a foreign currency cheque.

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    Senior Member Koffee_Kosmo's Avatar
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    Re: Signing up for PayPal?

    Quote Originally Posted by lucinda link=1213998567/0#4 date=1214020297
    I do not use Pay Pal, I refuse to.

    If you are in a credit union you would be better off doing a direct transfer from your account to Andys.

    I do this al the time without any hassles.
    I agree its just as easy and Andy does not have to pay PayPal a fee
    KK

  8. #8
    Sleep is overrated Thundergod's Avatar
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    Re: Signing up for PayPal?

    Quote Originally Posted by lucinda link=1213998567/0#4 date=1214020297
    I do not use Pay Pal, I refuse to.
    Why?

    Quote Originally Posted by fatboy link=1213998567/0#5 date=1214021411
    The Credit Unions BSB is fine and I see no reason why it would not be valid.
    I think sometimes they just say Bank Account out of habit.

    SWIFT codes are for international banking and should not be a concern for yourself setting up Paypal.

    I originally set up Paypal with my credit card and added the Bank Account later (when I think it became mandatory). Ive never had any problems with them and they are an absolute boon if you happen to be dealing with other currencies on a sporadic basis. Not the best exchange rate around, but way easier than trying to get your bank to cash a foreign currency cheque.
    Everything I would have said Brett (being a former banker and satisfied PayPal user for many years).
    And as for the Bank Account thing, yeah, its like saying Esky for any cooler.

    Quote Originally Posted by Koffee Kosmo link=1213998567/0#6 date=1214026798
    Quote Originally Posted by lucinda link=1213998567/0#4 date=1214020297
    <snip>
    If you are in a credit union you would be better off doing a direct transfer from your account to Andys.

    I do this al the time without any hassles.
    I agree its just as easy and Andy does not have to pay PayPal a fee
    KK
    I use account transfer too for the same reason.



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    Re: Signing up for PayPal?

    Quote Originally Posted by fatboy link=1213998567/0#5 date=1214021411

    I originally set up Paypal with my credit card and added the Bank Account later (when I think it became mandatory).
    Its not actually mandatory to give Paypal your bank account details. They strongly advise it, as they say it may slow down the transaction if you dont. But I have successfully used my Paypal account (albeit on the Bay of Evils) without giving my bank account details and it hasnt slowed down the transaction one iota.

    I use account transfer too. Much easier IMO.

  10. #10
    Mal Dimal's Avatar
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    Re: Signing up for PayPal?

    Im in the same boat as TG and others.... :)

    Have been using PayPal successfully for several years and have had nothing but positive outcomes, especially when o/seas transactions are involved. The small margin taken by PayPal for performing this service is quite equitable in my opinion,

    Mal.

  11. #11
    Sleep is overrated Thundergod's Avatar
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    Re: Signing up for PayPal?

    I recently added my bank account for the option of withdrawing some of my PayPal balance if I felt the need.

    I must say I was a little annoyed to find that my bank acount is now my default account and that if I want to use my credit card for payments as I have been for all these years, I have to choose it each time during the payment process.
    I prefer my credit card to be my backup payment method as banks charge a lot for accidentally overdrawing bank accounts.

    I havent used this new method for payment yet as my PayPal balance has been enough for a while so until I give it a go Ill be apprehensive.

    I think Ill be writing to PayPal to be less restrictive in this regard.

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    Re: Signing up for PayPal?

    Quote Originally Posted by Thundergod link=1213998567/0#10 date=1214135114
    I recently added my bank account for the option of withdrawing some of my PayPal balance if I felt the need.

    I must say I was a little annoyed to find that my bank acount is now my default account and that if I want to use my credit card for payments as I have been for all these years, I have to choose it each time during the payment process.
    I prefer my credit card to be my backup payment method as banks charge a lot for accidentally overdrawing bank accounts.

    I havent used this new method for payment yet as my PayPal balance has been enough for a while so until I give it a go Ill be apprehensive.

    I think Ill be writing to PayPal to be less restrictive in this regard.
    Makes no difference to us really, as we both use Debit Cards....

    Mal.

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    Re: Signing up for PayPal?

    Quote Originally Posted by Thundergod link=1213998567/0#10 date=1214135114
    I recently added my bank account for the option of withdrawing some of my PayPal balance if I felt the need.

    I must say I was a little annoyed to find that my bank acount is now my default account and that if I want to use my credit card for payments as I have been for all these years, I have to choose it each time during the payment process.
    I prefer my credit card to be my backup payment method as banks charge a lot for accidentally overdrawing bank accounts.

    I havent used this new method for payment yet as my PayPal balance has been enough for a while so until I give it a go Ill be apprehensive.

    I think Ill be writing to PayPal to be less restrictive in this regard.
    Firstly, I would like to thank all the CoffeeSnobbers who were good enough to share their experience of PayPal.

    It looks as though I need to do more home to find out about the PayPal "credit card option".

    I have steered clear of PayPal up to now because "who foots the bill" was unclear to me. *However there is a push by EBay to make Paypal the sole option for the payment of EBay purchases (the push is currently in hot water with the ACCC). *Hence I feared that it was time that I updated my knowledge base.

    I apologise for taking so long to revisit the Bulletin Board and read the answers to my query and repeat my thanks for the helpful advice.

    Felix

  14. #14
    Wine_of_the_Bean
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    Re: Signing up for PayPal?

    Theyre in hot water with the ACCC mainly because Paypal is owned by evil bay.

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    Senior Member fatboy_1999's Avatar
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    Re: Signing up for PayPal?

    Yes. If theyre not careful the ACCC will wield their mighty power and give them.. the frowning of a lifetime.

    Im sure theyre shaking in their boots.

  16. #16
    TC
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    Re: Signing up for PayPal?

    Quote Originally Posted by fatboy link=1213998567/0#14 date=1214349129
    Yes. If theyre not careful the ACCC will wield their mighty power and give them.. the frowning of a lifetime.

    Im sure theyre shaking in their boots.
    or an absolute thrashing....with their big feather ;D

  17. #17
    Wine_of_the_Bean
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    Re: Signing up for PayPal?

    A stern talking to?

    I think the naughty corner is a bit too extreme.

  18. #18
    Sleep is overrated Thundergod's Avatar
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    Re: Signing up for PayPal?

    Ebay have deferred their action for a month because they are in negotiations with the ACCC.

    The way theyve worded it, they think theyll have their way.

  19. #19
    Senior Member Dennis's Avatar
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    Re: Signing up for PayPal?

    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.

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    Re: Signing up for PayPal?

    Paypal only charge you a fee if you withdrawn less than $150AUD but if its over $150 then its free.

  21. #21
    Senior Member Dennis's Avatar
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    Re: Signing up for PayPal?

    Quote 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.
    Gee, thats big of them! :P

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    Re: Signing up for PayPal?

    Quote 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".


    Felix

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    Re: Signing up for PayPal?

    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 youíll appreciate the convenience of paypal.

    You donít 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.

  24. #24
    Sleep is overrated Thundergod's Avatar
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    Re: Signing up for PayPal?

    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.

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    Re: Signing up for PayPal?

    Quote 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.

    Is this correct?

    Felix * * * * * * * * * * * * * * * * * * * * * * * * * *

  26. #26
    Senior Member fatboy_1999's Avatar
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    Re: Signing up for PayPal?

    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.

    Hope that helps.

    Brett.

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    Re: Signing up for PayPal?

    Quote 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.

    Thank you for the advice and full steam ahead!

    Felix



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    Re: Signing up for PayPal?

    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?

  29. #29
    Sleep is overrated Thundergod's Avatar
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    Re: Signing up for PayPal?

    It doesnt work that way Paolo.

    The linked bank account will be the default account to debit from if yout PayPal balance is not high enough to make the payment.

    You will also be able to transfer excess funds to it from your PayPal account but it doesnt happen automatically.

    If you make a transfer to your bank accout IIRC it could take a few days.

  30. #30
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    Re: Signing up for PayPal?

    Thanks for clearing that up for me, TG.




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