Newbie Paypal Question

[betsywdw]

Hello! I have a question regarding PayPal. I setup my Paypal account a few years ago for when I wanted to purchase items from ebay.

I now need to use my account to accept a payment since I'm selling my DVC points.

Is there anything I need to do to make that happen? From what I can tell, I do not need to make any changes to my account but since this a first for me, I'm nervous and want to make sure I know what I'm doing.

Thanks for your help!

 

[moniot]

What kind of account with paypal do you have? I can't remember the different levels but one is free and the other you pay for incoming money. The free one has limit on the amount you can transfer on a monthly basis if I remember right. But maybe they can send you a check for whole amount without a problem. The upgraded account with cost you a certain percent for incoming money. I don't recall the %.

 

[Dancemom03]

You don't need to do anything to accept payments but, unless I'm wrong, there's no way to confirm delivery online if there's a dispute or chargeback since it's not a tangible item so you could possibly lose the funds after the travel is done.

IMO, if it's not an ebay sale, or a requirement of a website you're using to sell them, I'd ask for a postal money order instead. It'll save you fees - and possibly aggrevation if anything goes wrong later...

 

[betsywdw]

Thank you both for your quick replies.

I have the basic free account so I need to look into how much can be received. I must admit I am now a bit nervous to do this after reading DanceMom's post. My worry with not accepting PayPal is that I will not get a buyer because a lof of people may not have the money to actually send a money order as opposed to putting it on a cc. UGH...I'm just not sure what to do!

 

[rflorek]

Thank you both for your quick replies.

I have the basic free account so I need to look into how much can be received. I must admit I am now a bit nervous to do this after reading DanceMom's post. My worry with not accepting PayPal is that I will not get a buyer because a lof of people may not have the money to actually send a money order as opposed to putting it on a cc. UGH...I'm just not sure what to do!

If you're selling through eBay, you are no longer able to accept money orders. You can only accept electronic payment (Paypal being the most well-known system).