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paypal / direct bank transfer ??

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Old 31 July 2006, 09:42 PM
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jono300
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Default paypal / direct bank transfer ??

Couple off questions folks if anyone can help me out with any advice asap ??

if i was to receive a paypal payment into my account that had been funded from the senders bank account just wonder how long I would have to waitt for it to be transferred into my actual bank account and how I go about actually transferring these paypal funds into my bank account ??

on a sum off £180 how much would I pay to receive this payment, and does this charge get taken straight from the sent payment ??

lastly if I opt to have the sender pay me directly into my bank account if I was to supply him my bank details, does the money go straight into my bank account for me to take out once he has transferred it or do you have to waitt a few days for the actuall funds to be received ??

any advice on the above would certainly be very much appreciatted.

cheers,
john
Old 31 July 2006, 09:59 PM
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teajunkie
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Unless you know this guy thats sending you £180 DONT use paypal too many people do chargebacks!

Thus leaving you without goods and -£180

Whats wrong with a Cheque????
Old 31 July 2006, 10:20 PM
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bpm1588
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hi there,have recieved 1000 + paypal payments over 3 years or so and have had only a couple of credit card charge backs.these have usually been from buyers in the usa.
if you recieve 180pounds paypal will deduct a fee for recieving but it costs nothing to send money too your bank as long as its more than 50 pounds,it will take around 5 working days for the money to arrive in your bank account.
a lot of people have been done over with paypal transactions but you really need to be very unlucky.to be honest i'd rather use paypal than use the bank transfer thing but then again there's allways postal order's and cheque's
Old 31 July 2006, 10:24 PM
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bpm1588
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Fees PayPal charges Premier and Business accounts to receive payments. Personal accounts are free, but may not receive debit or credit card payments.

Personal AccountPremier/Business AccountOpen an AccountFreeFreeSend MoneyFreeFreeWithdraw FundsFree for £50.00 GBP or more, £0.25 GBP for £49.99 GBP or less to bank accounts in the UK
Fees for other banks Free for £50.00 GBP or more, £0.25 GBP for £49.99 GBP or less to bank accounts in the UK
Fees for other banks Add FundsFreeFreeReceive FundsFree1.4% + £0.20 GBP to 3.4% + £0.20 GBPMultiple Currency TransactionsExchange rate includes a 2.5% fee*Exchange rate includes a 2.5% fee*
Old 31 July 2006, 10:48 PM
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jono300
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Cheers guys really do apprecaitte your helpful advice,

bpm1588 - again appreciatte your help
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