Paypal Users..

[Digital B 10+ year member]

I'm new to paypal.. and I just got my Bank account verified by a debit card.. and it got my spending limit raised. My question is.. can I buy through pay-pal diectly through my bank account.. or do I still have to deposit in paypal first, then buy?

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[AllStar1500bd 5,000+ posts]

Once you confirm your paypal address with your bank account and either a) add a credit card or b) confirm your SSN then it will take it directly out of your bank account. It will work just like a debit card, but electronically with no swipe of a card. Sort of.

 

[MastaFlex 10+ year member]

Once you confirm your paypal address with your bank account and either a) add a credit card or b) confirm your SSN then it will take it directly out of your bank account. It will work just like a debit card, but electronically with no swipe of a card. Sort of.

Nailed it right there. It automatically will withdraw your funds, no need to deposit them. Just remember when you transfer money to other users it will tax the money going out!//content.invisioncic.com/y282845/emoticons/naughty.gif.94359f346c0f1259df8038d60b41863e.gif

 

[AllStar1500bd 5,000+ posts]

Just remember when you transfer money to other users it will tax the money going out!//content.invisioncic.com/y282845/emoticons/naughty.gif.94359f346c0f1259df8038d60b41863e.gif

Well yes, but the person who sends the money will never get "taxed", only the receiver of the money. Paypal fees are 2.9% + a dollar amount I can't remember off hand. Withdraws into non-US banks do get taxed though, so don't withdrawl $500,000 into your local Jamaican Savings Branch Bank without being prepared to get hit with a pretty large transfer fee. //content.invisioncic.com/y282845/emoticons/up2something.gif.dd110ecf3ae4b76050d87598f2f8de7c.gif

 

[Digital B 10+ year member]

Thanks for the info.

 

[swimfreak26 10+ year member]

Just to clearify a comment made a few posts ago, it's 2.9% + $0.30. Not a huge point, but just letting you know //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif