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Please explain PayPal to me(16 posts)

Please explain PayPal to mePaulCL
Aug 14, 2003 5:30 PM
I just sold some cycling stuff on Ebay. The transactions closed in the few minutes. Two of the five buyers paid instantly with Paypal. I've used Paypal to buy stuff, but this is my first sale.

So how do I get the $$?? Do I get a credit on my Visa?? Do I request a check?? A transfer to my bank?? What do you recommend?

Thanks. from Paul, a paypal newbie.
re: Please explain PayPal to meeayste
Aug 14, 2003 5:33 PM
I use the transfer to my bank account.
It's free and takes the least amount of time.
Just make sure it's in your account before you spend it .:P
Request a bank transfer.KG 361
Aug 14, 2003 5:36 PM
If you set up your PayPal acct w/ your bank, the transfer will usually occur in a couple of days. Be aware that PayPal takes a small % out. That's how I've done it and haven't had any problems, even with big-ticket items (a bike, a frame). Much better than waiting for a check or MO, IMHO.
re: Please explain PayPal to meDERICK
Aug 14, 2003 5:38 PM
The money can be withdrawn several ways. If you have confirmed your bank account with them you can do a direct deposit into it. If not there are several other options.
Once you log onto pay-pal click the "withdraw" tab at the top of the page. It should be blue. That will show and explain all your optoins.
re: Please explain PayPal to meMD80
Aug 14, 2003 5:44 PM
It would take a few days to transfer money from your balance on paypal to your bank account. I would suggest just leave the balance on your paypal account and use it toward your next purchase, unless of course you need the money. I have paypal debit/atm card wich I use to withdraw cash if I have a balance on my paypal account.
Thanks. Bank draft for me. (nm)PaulCL
Aug 14, 2003 5:51 PM
STAY AWAY FROM PAY PAL! ! !CARBON110
Aug 14, 2003 6:30 PM
I am having a nightmare experience with them. I put up an auction for a Rolex and some woman from England bought it for $2k. Three days after she won the auction and I sent the Rolex out by Fed Ex she calls me at home (through ebay ) saying "how did you get two grand out of my account?" I told her she won the auction and sent it to me. She said she did nothing of the kind and never wrote the emails she sent me and doesnt live at the address I shipped to. I sent her back her money and called Fed Ex and got the watch back. Then after she and I told pay pal and ebay what happened they played it down and said "they cant do anythign about it" and "it happens alot" Now they have given me "limited access" for no reason at all?? I have over a $1k in my account and I cant send money. They told me to send them a fax with:my photo ID,bank account#.Credit card# to confirm it was me requesting access to my account. Then they said they " will mail a letter with a confermation # on it and 5 steps to follow....if a letter doesnt show up then they will mail a second one!" LMAO When I called them for the umpteenth time they shipped back and forth from every frickn service they have. They are a very very badly run business. I HIGHLY dont recommend using them and that is why you see so many auctions saying "dont use paypal!" Save yourselves the headache. Hopefully I will get my money back before 2004...or I may start prank calling them all day ;D
STAY AWAY FROM PAY PAL! ! !oxfrd_roadie
Aug 14, 2003 7:05 PM
Carbon
I had a similiar situation with PayPal about 6 months ago and like you I was frustrated beyond reason. I couldn't access my money (about $400) because they had limited my account access. After about 2 weeks of arguing with the moronic customer support reps and attempting to get in touch with a manager multiple times with no success I decided to just jump through their hoops and see what would happen. I sent them everything but a blood sample and started the wait. It took a couple more weeks and sending in even more information before I was so fed up that I declared PayPal to be run by Satan himself. I threatened legal action and had an attorney friend send them a nice letter. Amazingly the next day my account access was restored. I vowed many times that I would never use paypal again, but that lasted about 2 weeks. My addiction to ebay requires that I continue to use PayPal because there really isn't a comparable alternative. I haven't had any problems since, but I will only ship to verified addresses from now on.
HM<M?eayste
Aug 14, 2003 7:21 PM
I've been using paypal for nearly 3 years and have never had any issues.
Me either...noveread
Aug 15, 2003 6:42 AM
I've been using ebay for a few years as well, and have never had an issue. Been very convienient for me.

Noveread
The Empty Wrapper
Try C2it - Citibank's alternate pay serviceBergMann
Aug 11, 2003 1:33 PM
try www.c2it.com
I haven't used it a lot, but they have very reasonable fees for sending money to foreign bank accounts (much less than buying a cashier's check in another currency or exchanging traveler's checks).

Main problem is that most sellers probably don't know it exists, but if _you're selling, you can stipulate it as the only payment service you'll accept.
Oxfrd-Oxford, Where? (nm)SpecialTater
Aug 15, 2003 6:16 AM
I've had similar issues with PaypalB2
Aug 14, 2003 8:03 PM
I sold a camera, receieved the money via Paypal, transferred the money from Paypal to my bank account, received confirmation of the transfer and then shipped the camera to the buyer.

Turns out someone "hijacked" this guys Paypal account to make payment (to me) and Paypal "reversed" the transaction. I wasn't able to catch up with the shipment so I lost the camera and never got paid. The only way Paypal will stand behind the the transaction (even if it is fraudulent) is if you ship within the U.S. and to the buyers "Confirmed Address".

Bryan
How do you confirm address? nmUprwstsdr
Aug 15, 2003 7:24 AM
Therein lies the problem IMHOB2
Aug 15, 2003 9:46 AM
I could not even determine if my own address was "confirmed" without emailing them and asking. With regards to determining whether or not a buyers address is "confirmed" their response was - "when they send you the money the address will have a "confirmed" next to it"

Yes I was totally at fault with my camera transaction. I neglected to read the fine print and therefore did not know that a transaction could be "reversed". I assumed that if I was able to transfer the dollars to my bank account that the transaction was a done deal... bad assumption.

At this point in time, my only beef is that you can't determine if your own address is confirmed without emailing customer service and if some one is buying something from you, you can't determine if their address is confirmed until the transaction is nearly complete. You can specify ship to "confirmed addresses" only, but hardly anyone knows what that means or if they do, they don't know if their address is confirmed....

Bryan
Was the address Verified?270bullet
Aug 15, 2003 7:32 AM
If you ignored PayPals security processes and sent an item to an unverified address then it's your own fault.