We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

What type of paypal account should I use? ? ?

13»

Comments

  • No. You can only send payment to another PayPal account.
    --><-- Sugar Coated Owl --><--

    If you believe, you will survive - Katie Piper

    Woohoo! I'm normal! Gotta go tell the cat.
  • snake666
    snake666 Posts: 361 Forumite
    even if i made a request via netella?
    snake
  • I've no experience of using netella. My first thought would still be no but I could be wrong. Hopefully someone else can clarify.
    --><-- Sugar Coated Owl --><--

    If you believe, you will survive - Katie Piper

    Woohoo! I'm normal! Gotta go tell the cat.
  • The_Machine
    The_Machine Posts: 76 Forumite
    ... There is a 25p charge for withdrawals of less than £50, but it's free to withdraw £50 or more to your bank account.

    If you had a sum in your PayPal account less than £50 and you wanted to withdraw it, could you avoid paying fees by first making a deposit into your own account to take the balance over £50?

    Thanks,

    Machine
  • soolin
    soolin Posts: 75,001 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you had a sum in your PayPal account less than £50 and you wanted to withdraw it, could you avoid paying fees by first making a deposit into your own account to take the balance over £50?

    Thanks,

    Machine

    This would work for a basic account as there are no fees. However it wouldn't work with a premier account where there would be a fee for receiving money.

    Soo
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • The_Machine
    The_Machine Posts: 76 Forumite
    But you'd only pay 3.5% on the amount you sold your item for, right? You wouldn't pay on the amount you deposited, and you wouldn't pay to withdraw it all?

    I know you're only saving 25p, but hey, 25p is 25p! :)
  • soolin
    soolin Posts: 75,001 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    But you'd only pay 3.5% on the amount you sold your item for, right? You wouldn't pay on the amount you deposited, and you wouldn't pay to withdraw it all?

    I know you're only saving 25p, but hey, 25p is 25p! :)

    Oh I see, you mean physically fund the paypal account by setting up a debit mandate and adding funds direct from your personal bank account? That might work, but it would take days, is it worth it? I'm not even sure if you can do that either as I thought that ebay pulled funds up when you bought something rather than had people add funds to paypal then pay.

    Maybe someone else will know the answer.

    Soo
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.