How does paypal work for receiving money?
If you sell something on ebay say for example. does it go straight in to the bank after you have
the persons information from paypal account or do you have
to go down to your local bank or something like that?
Answer
When someone pays you through paypal, it goes into your paypal account. to actually get your hands on the money, you need to do a transfer through paypal from your paypal account to your bank. this costs 25p for amounts less than £50, free for amounts higher than that.it normally takes 5 days for the money to go into your bank.
