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Paypal

I'm not sure if this is the right area but ...

I want to set up a paypal account so it can recieve money and then put it in my bank.

It only says about money going FROM my bank. Is it possible to have it transfered INTO my bank for free? Or is there a charge (i know there is a 20p charge for under £50).

All i will use it for is my cashback sites.

Does this sound reasonable? I can set up a new account if there is a charge but i'd rather have less hassle.
8,000 / 10,000 saved. Another 2,000 by April 2011!

Comments

  • isofa
    isofa Posts: 6,091 Forumite
    It'll go into your PayPal account, and then you have to initiate a transfer on-line to move it into your nominated bank account, free is over £50, charged if less.

    Thousands of people use PayPal who buy and sell on eBay, I use it for both, never had any issues.
  • Toastie
    Toastie Posts: 389 Forumite
    Thank you, i get about £50 a month onine.

    Would this be ok with just there basic account then? Rather than the premier account?

    Thank you for your time.
    8,000 / 10,000 saved. Another 2,000 by April 2011!
  • Toastie
    Toastie Posts: 389 Forumite
    I forgot to add when withdrawing how do you get the account information in order to add funds from online?
    8,000 / 10,000 saved. Another 2,000 by April 2011!
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