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Receiving money over paypal question...

B

BigToque

Lifer
I have paypal linked to my credit card, so everything I buy gets put on my CC.

If I receive money from someone, will it be credited to my CC? If it does, are there fees for receiving money?
 
You would need to link a bank account to your paypal acct to transfer the funds to... or you can just leave the money in paypal and spend it as you wish... It'll never transfer to your credit card.
 
In order to receive a Paypal credit card payment you must have a Premier/Business Paypal account. This sucks because you're charged fees for ALL incoming payments (even if they are non-credit card, fees are still deducted).

When you receive a payment, fees are deducted first, then the funds sit in your Paypal account (think of it as a virtual bank account).

Then you can use your Paypal debit card or electronically transfer it to your regular bank account, then you pay your credit card from your bank account.
 
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