new paypal account

[SickWithIt 0]

newbie here at paypal.. Made account to sell stuff on ebay

I just signed up for a Premier account and now it says im all signed up and on the overview page it says .. PayPal Account Balance Currency U.S. Dollar: Account Balance $0.00 USD

so does this mean i can now sell something on ebay and when they paypal me the payment it will add the amount to that

[G60 0]

yes, once someone pays you via paypal, it will add to that balance.

[SickWithIt 0]

so i dont need to add a credit card or bank account right away if i just plan on selling some things

[G60 0]

you should add a bank account quickly. whenever you get money via paypal, transfer it to your bank account.

you can get screwed out of your money pretty easily if you leave it in your paypal account.

[ljbaron 0]

It also takes 4-6 days for money to transfer into your bank account.

[Jason Harris 31]

you can get screwed out of your money pretty easily if you leave it in your paypal account.

As one who has been using PayPal for about 7 years, I'm not sure how you'd be screwed out of money in your PayPal account. However, there are good reasons to transfer money often to your bank. PP pulls money from your PP account first, whenever you purchase something, then takes the balances from the other sources listed. Since I prefer using a credit card to earn miles, I always make sure my PayPal account is zero before paying for an auction.

[KYHockey3 0]

you should add a bank account quickly. whenever you get money via paypal, transfer it to your bank account.

you can get screwed out of your money pretty easily if you leave it in your paypal account.

you can also get a check sent to you from paypal. imo, this is a safer way then giving your bank info

[ljbaron 0]

Sorry to jack this thread but does anyone know if you add a bank account to your paypal. Can paypal take money of of your bank account if you owe money to another person? Or can they have access to money out of it?

[mack 44]

They have rights up to the point of actually having you detained in a local jail until a settlement comes out.

[ljbaron 0]

wow,

So its probably easier to not give them your bank account just incase something ever did happen that you couldn't pay in time.

[NorthStar 0]

I believe you need to add a bank account to become paypal verified.

[mack 44]

I think PayPal has its own clause buried in the Patriot Act somewhere. That's why when someone references it on tv they always go "the Patriot Act brought to you by PayPal."

[G60 0]

you can get screwed out of your money pretty easily if you leave it in your paypal account.

As one who has been using PayPal for about 7 years, I'm not sure how you'd be screwed out of money in your PayPal account. However, there are good reasons to transfer money often to your bank. PP pulls money from your PP account first, whenever you purchase something, then takes the balances from the other sources listed. Since I prefer using a credit card to earn miles, I always make sure my PayPal account is zero before paying for an auction.

guess you didn't get the memo (or your share of the settlement):

http://news.com.com/2100-1017-842240.html

http://news.com.com/Roll+up+for+PayPal+pay..._3-5288886.html

http://www.paypalsucks.com/

let me reiterate...don't leave any money in your paypal account if at all possible, it's pretty easy for one to get screwed out of your money if you do.

[Jason Harris 31]

you can get screwed out of your money pretty easily if you leave it in your paypal account.

As one who has been using PayPal for about 7 years, I'm not sure how you'd be screwed out of money in your PayPal account. However, there are good reasons to transfer money often to your bank. PP pulls money from your PP account first, whenever you purchase something, then takes the balances from the other sources listed. Since I prefer using a credit card to earn miles, I always make sure my PayPal account is zero before paying for an auction.

guess you didn't get the memo (or your share of the settlement):

http://news.com.com/2100-1017-842240.html

http://news.com.com/Roll+up+for+PayPal+pay..._3-5288886.html

http://www.paypalsucks.com/

let me reiterate...don't leave any money in your paypal account if at all possible, it's pretty easy for one to get screwed out of your money if you do.

After reading the articles, I think you are oversimplifying the issue to an extent. While I agree it is advantageous to transfer money often, the people whose accounts were frozen were inadvertantly involved with fraudulent transactions. There was nothing to suggest that just having money in the account, while not being involved in any transactions, would make it susceptible to being frozen.

That said, it is best to have our money in our bank accounts.