Some body school me on how PAYPAL works

lizardbreath

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I have a fellow who wants to buy some wheels from me but I am very unfamiliar with paypal (I have an account) Can somebody tell me how this transaction works and how to set it up? Thanks....
 

mblgjr

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Login to your account, read the "fees" in great detail.

Basically they nail you for 3% +.30 cents on every credit card transaction.

If you want to get the money OUT of the account, I think they charge you a fee for issuing a check and you have to wait until hell freezes over to get it.
 

Steve@TF

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TurdFerguson said:
cant you send the money in your paypal account directly into your checking acct/whatever acct you use?

yes, takes about three days.

to the OP, carefully screen the person who wants to buy these from you. they had better have quite a bit of feedback and VERY positive, like 98%+. check to see what some of their other purchases have been.

you can also do what i do, require the buyer to have a "confirmed paypal address". paypal will only back you if you do this. if you dont, you can get screwed. although with paypal, you can screwed anyways :shrug:
 

mach1gsxr

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I just send the funds direct to my checking acct. They deduct 3% for whatever fees and give you the rest.
 

VirtualSVT

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mach1gsxr said:
I just send the funds direct to my checking acct. They deduct 3% for whatever fees and give you the rest.


+1. Yup. Takes 2 to 3 days.

I always wait till the funds hit my account before I ship.
 

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