Pay-Pal Question.....

[Alpine50 10+ year member]

Good Evening Forum! Alpine50 here.My question is if a person/company were to pay someone for goods through Pay-Pal,how long does it take for the money to become available?? I have used Pay-Pal on E-Bay to buy things,but this is different.I have never been on the recieving end of the money transaction.Does Pay-Pal put the funds in a Bank acct. minus the transaction fee?What is the fee?My reason for asking is that a company wants to pay by credit- card.I have no way of processing the credit card through my business. My friend has Pay-Pal at his business.I am basically checking the validitity of his explanitation of how the process works .Any and all feed-back will be greatly appreciated.Thanks in Advance............Alpine50

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[revrider1 5,000+ posts]

They money will be placed in the PP account. You do what you choose after that, you can transfer it to your bank if you like. The fees are 3% if I recall...

 

[BushJ311 5,000+ posts]

once in paypal you can transfer to bank ( takes 3-4 business days)

 

[Cravingbass123]

i h8 paypal

who's with me?

 

[pickup1 5,000+ posts]

They money will be placed in the PP account. You do what you choose after that, you can transfer it to your bank if you like. The fees are 3% if I recall...

once in paypal you can transfer to bank ( takes 3-4 business days)

they are correct.

 

[Scoobydoo 5,000+ posts]

almost correct