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A question about Paypal

Discussion in 'General Chat' started by Promise, Nov 19, 2005.

  1. #1
    Not sure where this goes, but...

    You don't actually need a credit card or banking account to use Paypal, correct? If someone else sends funds to your account (say you did programming for them or something), you can either have a check mailed to your home or you can use your Paypal funds for eBay or at Paypal shops, right?
     
    Promise, Nov 19, 2005 IP
  2. sgtsloth

    sgtsloth Peon

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    #2
    Pretty sure you need a credit card or a bank account.
     
    sgtsloth, Nov 19, 2005 IP
  3. Avadir

    Avadir Peon

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    #3
    You need at least a bank account.
    And you gotta be Verified I think.
     
    Avadir, Nov 19, 2005 IP
  4. Promise

    Promise Peon

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    #4
    Noooo, don't get my hopes down. :(

    I know you need a banking account to ADD FUNDS, but if you RECEIVE FUNDS from another person, you can EITHER cash out and have a check mailed to your home, OR spend your funds on eBay or other online things like Paypal shops. Right?? :p

    Any more clarification anyone?
     
    Promise, Nov 19, 2005 IP
  5. Avadir

    Avadir Peon

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    #5
    you could try going to paypal.com and reading about it.
     
    Avadir, Nov 19, 2005 IP
  6. Promise

    Promise Peon

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    #6
    I have. I just made a Paypal account, the FAQ isn't too clear even though I've reread it time and time again...and I don't quite understand.

    I'd like some personal experience on the subject.
     
    Promise, Nov 19, 2005 IP
  7. Crusader

    Crusader Peon

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    #7
    I wouldn't know. My Paypal for my country only allows you to send funds not receive funds. So make sure that you are allowed to both receive and send funds for the country you live in.
     
    Crusader, Nov 19, 2005 IP
  8. Avadir

    Avadir Peon

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    #8
    well if you have a paypal account whats the problem. just add a CC or bank account. I've delt with Paypal for years, and As far as I know you have to have one of the 2 On file.
     
    Avadir, Nov 19, 2005 IP
  9. Roman

    Roman Buffalo Tamerâ„¢

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    #9
    I believe without a credit card or bank account your account is labeled 'unverified', but you can still recieve and send money, you just have a limit which I think is $1000.00. I'm not 100% sure.
     
    Roman, Nov 19, 2005 IP
  10. Avadir

    Avadir Peon

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    #10
    I know you can reieve money, but I don't think you can send it.
     
    Avadir, Nov 19, 2005 IP
  11. Avadir

    Avadir Peon

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    #11
    Getting Started

    I received a payment through PayPal. Now what?

    After you sign up for a PayPal account, the payment you received is automatically reflected in your account balance. There are many ways to use the funds in your PayPal balance:
    Use it to send a payment to someone else
    Use PayPal's virtual debit card to shop anywhere online
    Sign up for the PayPal Money Market Reserve Fund to earn a return on your PayPal balance
    Withdraw the money to your bank account
    Request a PayPal ATM/Debit Card, and spend the money anywhere the MasterCard or Cirrus logos are displayed, or withdraw the money from an ATM
     
    Avadir, Nov 19, 2005 IP
  12. SedNaX

    SedNaX Active Member

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    #12
    you're right. Your account is labeled 'unverified' you can send money with a limit of $750,- and receive money (with no limit). You can also transfer money from you paypal account to your bank account (but you need to add a bank account for that) and vice versa if you want (you don't need to add a bank account).

    this is what paypal says:

    "Your PayPal account is Unverified. Becoming Verified increases your online reputation and makes transactions with other PayPal members easier. As an Unverified member of PayPal you can only send up to your initial sending limit in the PayPal system. By becoming Verified, you will be able to send unlimited funds with your PayPal account."

    i hope this is what you needed ;)
     
    SedNaX, Nov 20, 2005 IP
  13. Promise

    Promise Peon

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    #13
    Oh, yay, thanks :)

    I also have another question, might as well put it in the same thread.

    The SSL encryption or whatever (the "s" added to the http), does that prevent keyloggers from stealing what you type? I don't quite understand.
     
    Promise, Nov 20, 2005 IP
  14. SedNaX

    SedNaX Active Member

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    #14
    oh sorry i don't know that :)
     
    SedNaX, Nov 20, 2005 IP