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OMGWTFPAYPAL?!

CrazyHelloDeli

Platinum Member
I have never used Paypal before! *Gasp*

I have a few things I want to unload on FS/FT forum and possibly Ebay, and since Paypal is the prefered method, I need to set up an account. Yes, I could read the massive help section for hours on end on Paypal.com, but frankly, there is just so much information about features I dont need to know about. That being the reason I am here asking you people instead!

So, here are a few questions:

1. If I sell something in FS/FT, how do I collect my money exactly? Do I need to send an "Invoice" or "Request Money" email BEFORE someone can send me money? Or is this feature sort of an official reminder that you can send?

2. Do I need to "verify" my account before I can collect money? I currently have no desire to purchase anything via Paypal, and if I understand correctly, I dont really need to "Verify" my account to Receive money.

3. What exactly happens when someone sends me money? I understand you get an email saying so, but is there a link I need to click on in this email that allows the money transfer or something? Id appriciate a small walkthrough of the steps one goes through to collect.

4. Once I have collected my money, and I now have a balance of $X listed, is there a grace period that I need to wait to absoluley verify that I have thew money? In other words, once I have a balance listed, is that money %100 offically there waiting for me to withdraw or transfer to my checking account?

Im only asking these questions because I want to make sure I dont bungle my first sell and get a bad heat eval on my first try. I think people can appricate the fact im trying to get as much info as I can before I just start listing everything like a mad person. Thanks in advance.
 
1. No, invoices and requests are totally optional. Collecting money requires no action on your part.

2. IIRC verification isn't required, but if you'd like to transfer money either to or from your Paypal account then that would be a must.

3. When you receive the email the money is already in your Paypal account (unless it's a credit card payment and you have a free account).

4. Sure, withdraw it right away if you want. If you've been payed by bank transfer, then the money won't go into your Paypal account until it's already been cleard.
 
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