Paypal?

ken brydson
ken brydson Posts: 8,748
edited April 2009 in The Clubhouse
Need some advise. I've only used PP to buy, not sell. I was looking at their site and the FAQ's aren't very helpful. I'm trying to sell my SVS driver to another forum member. Do I just have him go to PP, log in, send money, enter my email address, for goods, and we're done? Where does the $$ go from there.
Sorry if this is dumb. TIA
Post edited by ken brydson on
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  • MikeC78
    MikeC78 Posts: 2,315
    edited April 2009
    Just give him your PayPal email address you have on file and use to login to your account, and have him send the funds. The funds will go into your PayPal account in which you can transfer it to whereever. Don't give him any other info besides your PayPal email addy. Be advised there will be like a 3% PayPal charge on the funds sent to you, just a heads up before you freak out.
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  • Kex
    Kex Posts: 5,151
    edited April 2009
    MikeC78 wrote: »
    ... Be advised there will be like a 3% PayPal charge on the funds sent to you, just a heads up before you freak out.
    FYI, I think the 3% charge is only levied when you receive more than $**** in the same month. I think the figure is $400, but the "resident experts" will have to confirm this. I'm also not sure if, when that limit is exceeded in any one month, the 3% would then apply to all prior sales that same month, or if the limit resets every month, or how it gets calculated form then on.

    Unfortunately, perhaps, I mostly only buy thus far :o ... so I don't know exactly.
    Alea jacta est!
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  • ken brydson
    ken brydson Posts: 8,748
    edited April 2009
    Thanks guys! That's what I needed to know.
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  • raidersrule76
    raidersrule76 Posts: 471
    edited April 2009
    As a future reference you can also send them an invoice all you need is their email address, then you fill in all the info price, shipping, what kind of product and paypal will send them an invoice that they can click on the link and send you the money.
    Sig to be updated after dealing with the insurance company:(:(:(
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  • Kex
    Kex Posts: 5,151
    edited April 2009
    Lasareath wrote: »
    What?!

    Is that something new?

    This taken from their Help section:

    Question :

    What are the fees associated with Email Payments?

    Answer :

    With Email Payments, fees range from 1.9% to 2.9% + $0.30 USD per transaction. There are no fees for setup or cancellation, and no monthly fees.
    Maybe somebody can clear this up ... I'm still confused!

    The fees you listed above apply to premier accounts. I tried to check and did not get a clear answer, but there are currently no fees associated with my account (I have received less than $500 in the past year).
    PayPal Personal accounts have limits on the amount of funds they can receive each month. The receiving limit is $500 USD. The receiving limit resets monthly on the date you signed up for PayPal.

    To access this page:
    1. Log in to your PayPal account at https://www.paypal.com/.
    2. Go to your Account Overview page and click on the View Limits link.

    If you reach your monthly limit, you must upgrade to a Premier account to accept additional payments. The buyer can cancel the payment if you do not accept or deny it. The payment is returned to the buyer after 30 days if no action is taken.
    So, if I'm understanding this correctly, if you want to receive, or withdraw more than that limit, you would have to upgrade to a premier membership, and pay fees on all transactions from then on.
    Alea jacta est!
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  • vlam
    vlam Posts: 282
    edited April 2009
    The fees schedule are pretty much layed out here.

    https://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside&nav=1.0.4

    The bottom line is that if you have a personal account, your fees will be higher if the buy send you a payment via credit and you can only receive that type of payment 5 times during a 12 month period.

    As other have stated. When selling using payal, it's best to invoice the buyer via requesting payment via paypal.
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  • ken brydson
    ken brydson Posts: 8,748
    edited April 2009
    Good info guys. I almost didn't post this thread but it seems to have been helpful to others besides myself.
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