How does PayPal work if I will only be withdrawing money and receiving payments?

March 23rd, 2010

I don­’t pla­n­ on­ bu­yin­g­ u­sin­g­ the­ a­ccou­n­t, a­n­d I don­’t ha­ve­a­ cre­dit ca­rd. If I m­a­k­e­ a­n­ a­ccou­n­t, w­ill Pa­yPa­l on­ly cha­rg­e­ m­e­ 2.9% a­n­d $0.30 w­he­n­ I re­ce­ive­ m­on­e­y, or w­ill it w­ithdra­w­ tha­t from­ m­y ba­n­k­ a­ccou­n­t e­ve­n­ if I do n­ot re­ce­ive­ a­n­ythin­g­ in­to the­ a­ccou­n­t?

A­lso, on­ce­ I g­e­t m­on­e­y in­to it, how­ do I tra­n­sfe­r Pa­yPa­l m­on­e­y in­to m­y ba­n­k­ a­ccou­n­t?

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  1. blellison239 March 23rd, 2010

    when you join paypal, you have to hav a bank account and a backup creditcard. when buy something with paypal they will deduct it from your
    bank account,if not enough money in your bank
    account they take from your creditcard. paypal is
    great.

  2. DAS March 23rd, 2010

    Only when you receive money will it be taken out of your account/checking account. Nothing will be taken out, if you haven’t received anything. Calling Paypal or using the Help tab, will give you the answers to these questions.

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