I'm sorry if this is in the wrong forum, but what exactly is funded paypal? I've never heard that term before. I've seen posts where the seller will take paypal or funded paypal. Does it just mean that they want the person's paypal account to have a confirmed bank account?
Thank you! :)
Shay
05-30-2006, 06:11 AM
It means the account either has money in it or is hooked up to a bank account. The person gets paid right away and doesn't have to wait for am Echeck to clear. Also if a person pays with a credit card it cost the seller plus some people can't take CCPP.
Emma
05-30-2006, 12:17 PM
Thanks. :) I'm assuming that when I do a payment through paypal, that there's an option for me to have it debited directly instead of processing an eCheck? I figured since they already have my bank account confirmed, that it payments would have been instant instead of taking sev days to process.
mamagina
05-30-2006, 12:43 PM
Right. If you have it drawing $$ from a bank account it's funded. If it's coming from a credit card, it isn't funded.
The free to accept $$ paypal only allows you to accept funded - if you accept Credit cards, they charge you a fee on all your transactions funded or not. Many mamas have 2 paypal accounts - one for taking funded paypal and one for credit card paypal. Keeps the credit card fees down. If that makes sense??
MamaJo
05-30-2006, 12:49 PM
Thanks. :) I'm assuming that when I do a payment through paypal, that there's an option for me to have it debited directly instead of processing an eCheck? I figured since they already have my bank account confirmed, that it payments would have been instant instead of taking sev days to process.
I have two accts...one I can do instant transfers from my bank, the other I can't, just echecks :headscratch: I have NO idea why.....
wbkt8
05-30-2006, 12:55 PM
I have two accts...one I can do instant transfers from my bank, the other I can't, just echecks :headscratch: I have NO idea why.....
someone told me once that you can only do instant transfers if you have a credit card associated with the account. otherwise it only lets you do an e-check.
MamaJo
05-30-2006, 01:06 PM
someone told me once that you can only do instant transfers if you have a credit card associated with the account. otherwise it only lets you do an e-check.
I have verified ccs on both though :think:
wbkt8
05-30-2006, 01:06 PM
hmmm...ok well, maybe that's not it. ahhh paypal.
MamaJo
05-30-2006, 01:17 PM
hmmm...ok well, maybe that's not it. ahhh paypal.
yes, grrr at paypal :gonnagetit:
tasbaby
06-02-2006, 10:59 PM
I'm so glad I found this thread. I'm new too and was so confused about funded paypal. I've used paypal quite a bit on e-bay for buying things and it does take the money right out of my checking out. So, I've got "funded" paypal, right?
Gavin&Brent'sMommy
06-02-2006, 11:02 PM
well so far, I had people tell me they were paying funded but I still had fees :(
MamaJo
06-03-2006, 01:46 AM
well so far, I had people tell me they were paying funded but I still had fees :(
The people who ask for funded specifically, usually either have two paypal accts....one a personal, and one a premier/business. Or they just have a personal acct.
A personal account can't accept credit card payments, only funded.
A premier or business account can accept all payments. BUT, these accounts are charged fees on ALL money coming in, regardless if it was funded or cc.
davejenbarnes
08-10-2006, 05:05 PM
I am new here and will have some fuzzibunz to try to sell... but I want to understand this paypal echeck business first... Does paypal give you the option to Instant Transfer when you're checking out? (I read the bit on the paypal help section about having a CC as backup to do the Instant Transfer bit) I really hate the echeck taking like a week to finalize. Does anybody fully understand the echeck/instant transfer bit?
