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Transfering funds from PayPal???

Discussion in 'General' started by dusty20, Nov 13, 2008.

  1. dusty20

    dusty20 #97 North Central Ex.

    So I am looking to part out my bike the only problem I have is a lot of people like to use pay pal which is fine but I am only able to get $500 dollars out a month? If I sell $5000 dollars worth of stuff I don't have ten months worth of time to get my money back. Is there an easier way to do something like this or would a cashiers check be the way to go?
     
  2. Chris

    Chris Keepin' it old school

    If you confirm your e-mail, address and SS# it lifts the limit. IIRC.
     
  3. Racer45

    Racer45 old guy just tryin'

    I think you can ask to get the limit raised?
     
  4. f4capt

    f4capt Zoinks!

    PAYPAL takes a nice cut too
     
  5. dusty20

    dusty20 #97 North Central Ex.

    4.9% when you receive money. I think I got the limit lifted it was the SS number
     
  6. (diet)DrThunder

    (diet)DrThunder Why so serious, son?

    I have a biz acct and it's 2.9%, and I have a $25,000/month limit. FOr my volume, the % isn't bad at all whe9 you consider that it means I don't have to interact in any way with customer cc info, buy or lease cc processing gear, etc.
     
  7. dusty20

    dusty20 #97 North Central Ex.

    does the business account have any drawbacks? monthly minimum or anything? if it has a higher limit right off the bat and a lower percent can everyone do that?
     
  8. GarrettRick

    GarrettRick Well-Known Member

    i use the paypal debit card, you can withdraw cash at ATMs or use for regular purcahses....:up:
     
  9. dusty20

    dusty20 #97 North Central Ex.

    O/T: you have ties with Kruse International in Auburn, Indiana? I know a several people that work out there.
     
  10. bluedevil

    bluedevil Well-Known Member

    I dont have a biz account and I have sold thousands and thousands worth of stuff and Wire trans it all to my bank with no trouble. Think you have to "confirm" your account though.

    Secondly U dont pay paypal a thing unless you accept credit cards. Then you have to pay 4.9% + .79cents to process and U have a limit of 5 per year of CC payments to accept (on a personal account)

    If you set up a biz acccount you pay a % on EVERY transaction no matter how they pay you...

    I have a personal account, confirmed, and I ONLY use paypal. Heck these days if you dont take pay pal, U aint sellin nuthing. I simply tell each buyer that i dont accept credit cards. Then you dont have a problem with paying paypal and U dont have to wait 5 days to get the CC payment to clear (thus making the buyer wait an extra 5 days to ship) When they pay direct trans, you get the funds instantly and U can ship that day. Win win for everybody (Except those who dont actually HAVE the money and are buying stuff with the evil cred card)
     
  11. dusty20

    dusty20 #97 North Central Ex.

    ok sounds good
     
  12. Spyderchick

    Spyderchick Leather Goddess


    :stupid:
     

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