Thread: PayPal

Is it easy to get a paypal account if one wants to post items for sale and be paid for them that way? What are advantages of such an arrangement.

It is very easy! I use it all the time for buying and selling. Just go to PayPal and set up your account. You can link it to your bank checking account and/or a credit card. It uses your email address as your paypal account name. It has been a long time, but I think there was a few day process where it made a deposit of a few pennies into my bank account and then I had to verify the amount deposited until it was active, so give it a few days 'set up' before you need it. Once it is active, it is very easy to transfer money to or from your bank account into/out of paypal. Once you tell it to transfer money to your bank account it usually takes 3 days to 'settle' and you see the deposit in your bank account. There is a transaction fee for getting payments from others into your paypal account; there is a flat minimum and then a percentage of the amount received. Seems like the minimum is $.46 or thereabouts. I don't think they charge to make a payment out of your paypal account because they charge the recipient of the funds. Just choose a 'heavy duty' password for your paypal account, you don't want anyone hacking into it and taking your funds! I sell items on ebay, and it links up great with that, and it probably works the same for Etsy, etc.

I want to do that someday but would hesitate to link my Bank account. maybe set one up especially for that.
and if you have a customer who says they didn't get the item or returned it and happen to be lying, Paypal still sides with the customer. Always. Good luck.

Originally Posted by nativetexan

I want to do that someday but would hesitate to link my Bank account. maybe set one up especially for that.

That's what I did. My bank lets you have more than one free account if you use direct deposit on the main one. After having one account hacked, I transfer money to the PP one when I need/want it and use that one.

DH uses PP a lot. So if I want anything, I have him order it. That way only one account.

When it first became available I used PayPal a lot and loved it. A year or so down the pike they "lost" my account. No account info. No account listed amywhere in their records. And the answer? "We're sorry. Open another one."

Needless to say, PayPal and I do not do business. I hope I am the only one who ever had that problem with them. A scarey, aggrivating, disappointing experience.

Pat

I have used it for several years and love it. Its very convenient and safe. Most vendors now take paypal and I hesitate to buy from anyone who does not take it. When you buy something all you do is click on the paypal icon and enter your password, much easier than entering your credit card info and address etc. the vendor uses your address on file with paypal. Even Walmart is now taking paypal.

I have used PayPal for years. I like it for the privacy of my cc information. I do change my password every few months because we travel in summer and Use secured WiFi but "just in case". My bank suggested changing passwords and even getting new credit card numbers to thwart hackers of cc information. I highly recommend PayPal.

I use Pal Pal, and receive payments for pups on pay pal. People like it as they use a credit card to pay sometimes and wither paying or receiving the other people involved to not have access to my bank account.

Your not alone. I used to use paypal but recently there was a problem and they disabled my main bank account and tell me now to use a different bank. Paypal is great as long as there are no problems. Once there is a disagreement somewhere, your account gets locked up or disabled. A lot of work to get problem solved.

Originally Posted by ptquilts

If they say they didn't get it, but you have tracking info that shows it was delivered, you are covered.

Same goes if they return it, THEY have to prove you got it.

I understand your hesitation. I have been using paypal since the early 90's with no problems at all..and I use it ***way too much**** !
But...if you really don't want to use your bank account, go buy a reloadable credit card...use that...you can reload it when you want to make a purchase.
One thing I do, though...there is a box you can check if you are on a home computer(verses office or shared)...I never check that box because if you do they will remember you next time you come back..to me that is not as afe as signing in every time.

Originally Posted by SewExtremeSeams

So far, I have not sold anything through Paypal but I use it all the time and love it. The reason I like it is because it acts as a third party to your transaction in case anything goes awry. And, your personal account info is only kept by them not someone who is purchasing from you or visa versa.

Ditto here.

I use nothing but PayPal for all my online buying..never had a problem.

My son-in-law uses paypal all the time to sell items on ebay. he says it is simple to do....

Had my account hacked. They did nothing about my account being $300. withdrawn from it without my knowledge.
Now they keep telling me to update my account even after I have closed it out. Just my opinion--they suck big time.I use cash or check --money order. No more pay pal on ebay any more.