paypal?

sairz

I have money i want to withdraw from my paypal account into my bank, although my account has been set up it has yet to be verified, will i still be able to transfer the funds into my bank account?

RACHIE77

I'm pretty sure that you can cos I did this last night for my SIL who wanted to transfer funds for the first time - just click on 'withdraw funds' at the top and you will be asked to enter your bank details, it 'shoul be' fairly simple - takes about 3 days to show up in your account tho

Hintza

3 days!!!!!


You bribing someone Rachie?

It takes 5-7 for me....lol

stavros_2

lol...yes does sound as if your getting some special treatment there

i think you can withdraw up to a set limit with paypal until your account is verified (can't remember what the limit is though)

the withdrawal limit is per month and it should say it on your account page (next to your status or balance - can't remember which!)

sairz

yes found it the limit is £250 per month, another question is this ive started to sell on ebay and at the present am not making a huge amount, i have a personal account should i upgrade to a premier as i have just read something that personal account holders cant accept payment by credit cards?confusing me cause thats what i thought paypal was anyway

soolin

sairz wrote:

yes found it the limit is £250 per month, another question is this ive started to sell on ebay and at the present am not making a huge amount, i have a personal account should i upgrade to a premier as i have just read something that personal account holders cant accept payment by credit cards?confusing me cause thats what i thought paypal was anyway

If you want to accept paypal on your accounts then you do need the upgraded account otherwise you can't display the paypal logo, which rather defeats the purpose.

In reality there is virtually no way a buyer can pay you without triggering the need to upgrade anyway. All forms of payment cards are not acceptable on the basic account, it is really only true transfers from an existing paypal balance that is allowed. This really limits you to buyers who are also sellers and have money in their paypal accounts from their own sales.

The downside is that all payments, however funded, are chargeable on the upgraded account so you will need to factor in those charges when calculating your selling prices.

Soo

JPS

Yep upgrade to premium - it does no harm at all! Will be worth it now and in the long run, so do it ASAP.

And I think Rach is getting the VIP treatment. 3 days, huh!!:rolleyes:

sairz

thanks just upgraded myself

RACHIE77

This is when I should be banned from this part of the forums and banished to the real money saving forums as I have to confess i NEVER actually check the details on my bank statement.... !! How dreadful is that, I knew it was a few days but just so that you know I haven't got a VIP gold fast track paypal account, I'm just lousy with money!!