To transfer funds from PayPal to a bank account, the user has to log into PayPal and transfer the money manually.
Yes - anyone can deposit money into your Paypal account - whether they have an account or not.
Most buyers will want to pay for their items using PayPal so you need to have a PayPal account. Once the money is in your PayPal account, you can either spend it directly from there, or you can draw it down to your own bank account. (Sellers can offer other payment methods on their listings, such as checks/cheques, but if the buyer choses to use PayPal, the seller cannot refuse to accept that method of payment.)
Yes, it is possible to pay via PayPal without adding funds directly to that account. If you have a balance in your PayPal account, for example, if someone has sent you some money or you have sold something through an auction site and so received money into your PayPal account, this will always be taken first to pay for anything you buy using the PayPal account. If that balance doesn't cover the entire cost of your purchase, the remainder outstanding will automatically be taken from your bank or credit card, depending which you have registered to your PayPal account. The same applies if you have no money at all in PayPal.
Yes! PayPal makes it extremely easy to make purchases on Ebay - it's even linked to your bank account so you can make immediate transfers of money to purchase an item.
PayPal if you have a bank account and the other party has paypal.
Firstly, you need to become verified. If you haven't already been through the process, you will see a link on your PayPal account summary page encouraging you to do so. Once verified, use the "withdraw" tab and enter the amount that you want to draw down to your bank account. The transfer will reach your bank account a few days later.
Paypal collects the money from them - via electronic funds transfer, then Paypal deposits the money into your registered account.
No, you don't have to have a bank account to open a PayPal account, but unless you do have one, you can't become "PayPal Verified". Your PayPal account will initially have sending and receiving limits and to lift these limits (and withdraw any money), you need to register your bank account details to your PayPal account. You can also use a Visa credit card to send and receive payments.
No, but you can have it transfered into your bank account that the Paypal is attached too.
You have to register for a PayPal account and provide the required information. Then, the account is activated. When a buyer pays for your item, the money is deposited in your PayPal account.
PayPal is not a bank you need to have a bank account to open a PayPal account. The reasoning for this is because PayPal pulls the money from your bank to make purchases.
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