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Sippo 11-28-2012 12:27

How does Paypal work in classifieds section?
I'm thinking of listing some classified items for sale. I noticed a "Paypal" option for payment. How does it work? What information must I share with the buyer for him to pay me with Paypal? (and still maintain my security information) Would I need to notify Paypal?


PVolk 11-28-2012 13:13

Here's cliff notes on Paypal. (forgive me if I left something out as it's been since it existed since I registered)

Register an account on Enter your checking account info to tie your checking account to your Paypal account. If you're going to use it alot like me for eBay, forum transactions, etc., then it's beneficial to add a credit card to the account as well.

All you need to give a buyer is your e-mail address that tied to the paypal account. The buyer uses their account to transfer funds to your account via your e-mail address. Once payment is received your will have the ability to transfer to your bank account (it takes 2-4 days usually). OR, you can request a paypal debit card and spend the funds that way.

Sippo 11-29-2012 07:27

Thank you for your kind reply. A question, though. I do have a Paypal account with my VISA card registered to it, but not my bank's checking account. Will they credit my VISA with the funds deposited by the buyer?

PVolk 11-29-2012 08:19

No problem.

It appears that your only withdraw options are to transfer to your bank account, or request a live check from Paypal.

Adjuster 11-30-2012 00:09

The seller can also issue the buyer a PayPal invoice by email and then all the buyer has to do is click on the link and authorize the payment.


ESAFO 12-02-2012 08:09

or you can just simply leave the $ in your paypal account to use at a later time, you don't have to withdrawl your $ every transaction.
of course unless it's a large amount that you don't want sitting in there, paypal is very user friendly & there CS is really good too.

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