paypal users i have some questions

[i3rYs0n]

Alrighty, i've started selling a lot of stuff just a few days ago. I've been asked if the buyer could pay with paypal. I said no b/c i don't use it, but i have had one for months. Now i'm thinking about using it. So....

1) My spending limit says $0.00, does that mean i can't spend any funds in the account, or will that change when there is acctually money in the account?

2) How long does it take to take funds out, and recieve the funds?

3) What are the benifits/dissadvantages of verifying it?

prob have some more, but those are the main ones for now

Thx,
Bryson

 

[UberDave]

I like it. I've never had a problem with anyone breaking into my account.
I have it (foolishly i guess) linked to my bank account so I can wire transfers in and out. It usually takes 3 days to get the money actually in the account physicly.

 

[murphy55d]

My account is linked too, never had any problems.

 

[txgixer]

Mine is linked to a savings account. I never keep more than maybe $20 in the account. Everytime I have something in there, I make an online transfer to my checking account (through my bank not PayPal.) That way if someone "did" get into the account, they would get a small amount of money.