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You don't have a credit card and use PayPal but you don't know if can you spend the money in the account?
Wiki User
∙ 15y ago
Any money you have in your PayPal account is yours.
You can spend the money with any online retailer who accepts PayPal or you can withdraw it to your bank/checking account.
To withdraw the money you need to be "verified" and if you haven't already been through the procedure, you'll find a link telling you exactly what you need to know on your PayPal account summary page.
Wiki User
∙ 15y ago
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Are you billed for having a PayPal account?
If you're just a consumer then no, unless: You apply for a credit card through paypal. (They charge a monthly fee) If you use it for business then you might be charged depending on what tools you're using. You could deposit money from your bank account into your paypal, and 100% of the funds will stay in your account until you spend it. If you have a credit card attached, it won't be billed unless you use it for payments.
How do I receive refund by paypal?
It's in your PayPal account, and from there you can either spend it online, or transfer it to a bank account.
What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
How do you get your money when you sell your item on eBay?
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.)
What is PayPal and what is it used for?
PayPal is an online account that allows you to receive and send money electronically with your bank account and credit cards. It is owned by eBay, and is used mainly for buying and selling through auctions. When using a personal PayPal account, simply link your PayPal account to your bank account (either savings or checking). When you make a purchase that allows you to pay with PayPal, enter your log-in information to sign into PayPal and then click "Buy." PayPal will automatically transfer the money out of your linked account and to the seller. You register your bank/checking account details (and can also register your credit/debit card details) with PayPal. This enables PayPal to take money from your bank or card and then transfer that money to anyone that you might buy something from. In this way, the seller has no access to your financial details. You can also use your PayPal account to transfer funds to a friend or family member. It costs nothing to send/spend money using PayPal. It costs nothing to receive money into a personal account, as long as the funds are sourced from a PayPal balance or a bank account. There is a charge if the payment is card-funded. If you have a Premier or Business PayPal account, you are charged a fee on every payment that you receive. Charges can be found on your local PayPal site by searching in the help section. Go to Paypal.com -- you will need a checking account -- and enter your information. PayPal will then deposit a small amount (under $1) into your checking account. Once you have verified with your bank the deposit from PayPal, then go to Paypal.com and there will be a message for you to confirm that you received the deposit. It's an online payment solution. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information. PayPal enables global e-commerce by making payments possible across different locations, currencies, and languages. Go to the main PayPal site, www.paypal.com, and click on the "sign up" button that you see on the homepage. On the following page, from the drop-down options select your country and then select the account type that you want to open. A "Personal" account is most suitable if you only want to use the account for buying, while a "Premier" account is best if you want to both buy and sell online. Next you need to enter your email address, choose a password and enter your name, address, and phone details, read the terms and then click on the "agree and create account" button. Once you've opened your account, you can add your bank account and/or credit card details.
Can i get paid with a PayPal account if I am not verified?
Yes, you can, up to your "receiving limit" which you can see by clicking on the link next to your name when logged into your PayPal account. You can also spend the money, again, up to your "sending limit", but if you want to withdraw the money yourself you need to verify your PayPal account.
What is designed to function much like a revolving charge account?
Most credit cards are designed as a revolving credit account. You spend money from the card and every month you pay it back so you can again use the money. That is why credit card have monetary limits based on you income and credit history.
What is an overdraft protection fee?
An overdraft protection fee is a fee assessed to your account when: 1. You have set up overdraft protection for your checking account, usually in the form of a savings account or line of credit/credit card; and 2. You spend more money than you have in your checking account. Overdraft protection transfers money from the linked savings account or line of credit/credit card in order to pay for the expenses that you did not have enough money for in your checking account. There is a fee for this transfer, but it is usually much less - sometimes a savings of 50% - than an insufficient funds fee, which you receive when you spend more money than you have and do not have overdraft protection.
What's The Difference Between Credit & Debit Cards?
A credit card is like a portable loan, where the money you spend isn't yours and you have to pay it back. A direct debit card is your money from an account.
What's the difference between credit card and debit card?
A credit card is like a portable loan, where the money you spend isn't yours and you have to pay it back. A direct debit card is your money from an account.
How do you spend real money on ps3?
The Playstation Store uses Playstation Network cards or Credit Cards matching account information to add money to your Playstation Wallet
Points of difference between credit card and debit card?
Of Course you can transfer money from credit card to your debit card.Direct transfer is not available from credit card to bank but you can get money over cash against credit card.It's very simple that you need to swipe your card and get funds in your debit account. Call us: 7299927000 UNIK Solutions
