Paypal accounts...

[ntamulis]

How exactly do they work? Can anyone walk me through an average bartertown paypal transaction?

I opened one, and linked my credit card to it for purchases, but was hesitant to link my bank account to it, for general paranoia reasons. Should I just bite the bullet and link it to my checking account?

What fees are involved? Can they credit my credit card directly, or do they have to mail me a check? Can they hold funds in escrow or something like that? (i.e. they hold the money from party A to pay for an item shipped by party B, until A says it's OK)

So many questions!

I need to liquidate a sizable amount of stuff because of impending life changes... figured I might try this before ebay...

Thanks to anyone who is kind enough to answer!

[jason1977]

What I know:

You can send money 2 ways. Gift and goods/service. Send money for goods/services for everything BUT family or if you know the person IE Aunt Sara or your cousin. Goods/services for EBAY items or Bartertown/Dakka items. Paypal takes a small fee as insurance in case the other person goes MIA. Paypal can send you money direct but it takes 3-5 days depending on your bank. You can also get a Paypal CC if you wish. No idea on the escrow thing.

Jason


And 1 more thing. Bartertown does not in any way shape or form milk any money from a Paypal transaction despite what some people think. Btown is 100% free but they do offer a paid membership where you are subjected to questionable postings from some members but are allowed to have better sale adds.

[MagickalMemories]

Googled "How Does PayPal Work?"

https://www.paypal.com/uk/cgi-bin/websc ... n1-outside

Eric

[RedstarNYC]

You can always transfer money into your PayPal account and just work off the balance. That's what I do more often than not.