General Question

jkainz's avatar

When you make a sale on ebay how does the money go from your pay pal to your bank account?

Asked by jkainz (115points) June 19th, 2008 from iPhone
Observing members: 0 Composing members: 0

4 Answers

PupnTaco's avatar

When you sign up for PayPal, you give them permission to access your account. They’re a middleman, a holding company – and they take around 3% – 4% for the privilege.

Adina1968's avatar

All you have to do is transfer the funds from your pay pal account into your bank account.

jonno's avatar

Paypal will take out about a dollar if the amount you are transferring is under a certain amount, though

anonyjelly16's avatar

When you signed up for PayPal, you gave them your bank account number. When you make a sale, PayPal receives the funds and holds on to it. Then you can go to your account and select an option that deposits it into your account. This process works in a manner similar to an electronic paycheck that your employer deposits every two weeks or so.

Hope that explains it.

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