Paypal Questions

I might start selling stuff for USD, but I want to clear some things up about Paypal first.
Since the questions are dependent on the answers of the previous question, I will start w/ question number 1 and continue on. The person (or people) who are most helpful will get +rep

Can you get a Paypal if you are under 18?

 

Technically, no. Just give it a birth date that makes you 18

 

Ok

So if I sell some NP for lets say $100, can I use that money to buy something from Ebay? And do I need a credit card or some other verification?

 

Oh ok.

So like if you sell something, will the money be kept on a record w/ Paypal, or does it have to be transferred to a bank account?

 

Sorry, you can register one at any age, I was misinformed.

Sadly, to receive or send money you need a valid debit/credit card attached. Paypal can most definitely be spent on ebay though.

EDIT: You can keep it in paypal as paypal balance which can be spent online where supported, or if a bank account is attached do a simple transfer to that. It's kept on record with paypal unless transferred.

 

Ok, so if I keep all of my money (from selling stuff) as a paypal balance, do I still need a debit/credit card attached?

 

To be able to use that money, yes a card needs to be attached. You cannot spend any of it without a valid card.

A paypal account with no card may simply accept money sent from someone else, but has no access to it without a card.

 

ok

What plans are there, what are the differences between them, and which do you recommend for occasional selling and buying?

EDIT: And can you change plans once you've already created an account?

 

There's personal, and business accounts pretty much. A business charges fees, while a personal account is free.
EDIT: I'm not too sure, but paypal takes a portion of all money when you accept sent money and the business fees are higher, not sure if personal is free.

 

Any difference between the two in respect to both buying and selling?

 

Yeah, one will take a bit extra from you in the form of fees, they are functionally the same. Go with personal

 

lol, ok
thanks for all your help +rep

 

hey, i've been thinking of starting a paypal account too. i have a question to ask (and since zero brought this topic up...)
does it have to be transfered if there's a bank account attach, or can it stay on paypal?

 

No.. you can have as much money as you want in ur paypal balance... If u have a CC or a bank acct attached, you can buy things using your paypal acct balance and no charges will appear to ur CC or bank acct.... Basically wen I buy something using money I made selling NPs I can buy watever I want with that money and my parents will never see the charge on my CC or bank acct . Ask me any paypal questions, Ive had one for seven years, since I was 9... Also, If you ever need to me to recieve money for you on my paypal, I could and then send u a personal check, cash, money order, w/e u wanted (of course taking a fee for my troubles :tehe:

 

Thanks again for all your help guys!

One last question (for now): When someone sends you money to your Paypal, will you receive any kind of notification? If so, can you turn it off/on?

 

I think so. Normally you receive an e-mail that said "you did that or you received that, etc." and in this e-mail, there's link that say something like : "if you think there was an erreor, contact us by clicking this link"

 

first post:

Every transaction sends a notification to both parties detailing the transaction which took place. To the best of my knowledge this can't be turned off, though I've never tried. If it gets annoying simply flag PayPal as spam and the messages will be put in your spam folder instead.

second post:

Are you 100% sure on that? I could have sworn that I've received money from unverified accounts in the past. I thought that so long as the account has the amount of credit that they are trying to send actually on hand, then it can be done. The account just cannot cash their balance out into their bank account or send more money then is currently on hand to any other accounts.

could be wrong I guess, but I know that Australian PayPal is different to the American Paypal, and both are different to the UK PayPal. All the different countries PayPals have different terms and conditions and stuff like that.