Paypal Question

[TxAg]

I've used Paypal for several years but only for paying, never receiving money.

Can I receive money for a sold item if I only have Paypal set up through a credit card? Or do you have to have it linked to a bank account to receive money?

If a linked bank account isn't needed, what is the process if only using a credit card? Does the incoming money sit in my paypal account, does it post to my credit card balance each month?

[slayer]

The money will sit in your paypal account and you can use it against new purchases or have them send you a check.

[Cajun Blake]

my PP is linked to my bank account to draw funds as a "backup" if I don't have enough funds in my PP account

I also have a PP MasterCard Business debit card that I use for buying transactions.

when I sell goods, my PP balance increases

[tvc184]

The money will sit in your paypal account and you can use it against new purchases or have them send you a check.

I don't know if it has changed but a few years ago as long as the "money" stayed in your PP account (you never physically had it), there was no charge. It was not until you had a check sent to you or a direct deposit to another account that the percentage/profit for PP was taken out.

I had a person pay me some money for something and it was in my PP account. A few weeks later I bought something through PP for more than I had in my PP account. PP used my PP money first and then deducted the remainder from my credit card.

Like I had $100 in my PP account. I bought an item for $150 so they deducted the $100 from my PP account (now at $0) and another $50 from a credit card. I never paid any 3% feet for using the service. The person that got my $150 might have actually taken the money and he had to pay the fee for the transaction.

[BowSlayer]

There is a small fee but they will just send you a check. Last time I did it the fee was $1 but I'm sure it's gone up some now like everything else.

[Ecoboost]

I'm linked to my bank account. I can transfer money from my PP to my checking, but it takes 3 days to process over.