View Full Version : PayPal without linking to your bank account?
Vinny
06-01-2006, 06:31 AM
I just realized that I had $20 in my PayPal account for... signing up for something (don't remember what but it was from these forums). Since when did PayPal allow this? I don't have my bank account info in there or anything, just a credit card that I've used to pay others via credit card payments.
The payment automatically showed up when I used it at Play-Asia.com-- my order was $27.xx - $20 = $7.xx charged to my credit card.
Is this safe? Doesn't PP usually charge you a certain percent to receive payment?
If this works, I might actually accept PayPal on smaller stuff... would work out great for me.:-k
Kayden
06-01-2006, 09:57 AM
PayPal does take a chunk. The promotion probably just sent you like $22 to compensate.
What type of account is it? PayPal doesn't take anything out of payments into personal accounts, just into premiere or business accounts. Having a bank account or credit card attached to the account has nothing to do with that.
The downside of a personal account is that you can't accept payments from credit cards. (But you can make them from your account.) I think there are some dollar limits as well that if you butt up against you'd have to upgrade.
PayPal personal account = no fee, no credit card payment receivable, $500 limit per month.
Vinny
06-01-2006, 01:52 PM
PayPal personal account = no fee, no credit card payment receivable, $500 limit per month.
Yeah, that kinda kills it.. but it could still be handy for some smaller stuff I sell from time to time. I wish I had know about this in the past though.
Premium account = ~3% + $0.30 per transaction, accepts credit card payments, no monthly limit, seller protection policy
The caveat is that you will get slap with fees for ALL transactions, not just credit card payments.
spmahn
06-01-2006, 06:52 PM
I'm not sure if it's changed recently or not, but I've had some headaches with the past. When I first used Paypal a few years back, for some reason they would allow you to sign up for an account, and they would allow people to send you money to that account, but unless you had a Credit or Debit card, you couldn't do anything at all with the money in your account. I had a guy who was absolutely insistant on paying me for an item I sold on eBay via Paypal. Despite numerous e-mails not to, he still sent money to the account I had set up, and I couldn't do anything at all with it because I didn't have a credit or debit card at the time.