Someone PLEASE help me that is familiar with PayPal....

[js]

Can you please help me

I would like to open a PayPal account. I do not want to use my Debit, Credit or Bank Account to open the PayPal.
Therefore, I know there is an option that I can purchase a MoneyPak at a participating store.
I purchase from the Store and ad, just say, $20 at the register.
I get home, open my PayPal account, and now have $20 in my PayPal account.
I sell some DVC points, and ask that the money get sent to my PayPal account. The money gets deposited but PayPal says the following:

**************
How much money can I add to my PayPal account using the MoneyPak?Your starting limit is $250 a year. However, you can add up to $2,000 a month by providing your name, address, date of birth, and Social Security securely online. Green Dot will collect, verify, and record this information on behalf of PayPal, but this information will not be used for a credit check or marketing purposes.*****************\

Does this mean the first year of opening my PayPal account I can only "make" $250 and up to $2,000 per month AFTER the first year? OR does it mean I can make up to $2,000 per month IF I provide my personal information?

What if I am not reading above correctly and I can have more than $250 during the first year deposited. HOW do I get the money that is in PayPal account out? For instance, I will want to take that money and pay for a cruise. Since I used the MoneyPak, how can I get the money from PayPal and give to the Disney Cruise Line?

I thank you VERY VERY much for any guideance you can give me.
I really don't want to use a credit card or link to my bank account.
Thank you VERY much!

 

[Gantu]

I don't know about that but have had my paypal acct link to my bank acct for 9 years with no problem. I sell around $5000 a month and thinks its been great~

Also, try calling paypal they have great customers service!

 

[lawsonsontour]

i have been using paypal for so long now with no problems at all....i would say IMHO that you would be better just putting one card on the account. all you payments are protected by paypal in it will make it so very much simpler to get your money out.we have never had any problems security wise with them and would recomend them to anyone

 

[js]

Thank you.
A few years ago, my dh purchased something on ebay using PayPal and thankfully he used our cc not debit. Someone got into our PayPal account and charged thousands of dollars. So the reason we don't want to link the card.
ALSO, I would like the money that is deposited into our account seperate from my credit card.
For instance, if I had a sale of $500, would it go to my credit card or would it sit in my PayPal account until I was ready to use my credit card for a purchase I wanted to make (such as the cruise).
OR, does the $500 get put directly onto my card. I don't want this to happen since I don't want my dh and me to spend it, which could happen since the cruise isn't until 2011.

Can I use the money from my PayPal account to pay for a purchase by credit card that is NOT online?
I would want to pay my TA with the money I earned that is in my PayPal account using a credit card.

Thank you VERY much for your help. I SO greatly appreciate your answering me.

 

[standleyent1]

Thank you.
A few years ago, my dh purchased something on ebay using PayPal and thankfully he used our cc not debit. Someone got into our PayPal account and charged thousands of dollars. So the reason we don't want to link the card.
ALSO, I would like the money that is deposited into our account seperate from my credit card.
For instance, if I had a sale of $500, would it go to my credit card or would it sit in my PayPal account until I was ready to use my credit card for a purchase I wanted to make (such as the cruise).
OR, does the $500 get put directly onto my card. I don't want this to happen since I don't want my dh and me to spend it, which could happen since the cruise isn't until 2011.

Can I use the money from my PayPal account to pay for a purchase by credit card that is NOT online?
I would want to pay my TA with the money I earned that is in my PayPal account using a credit card.

Thank you VERY much for your help. I SO greatly appreciate your answering me.

PayPal is good for your personal purchases but when it comes to retrieving your funds or the nominal charges that they charge you for using PP its sooo not worth it. If you do sell something they can hold your funds for up to 21 days (can you imagine the interest they incur for 21 days?) I have worked in the Credit Card Merchant processing field for 10 years and the best and fastest way to save on all those high charges and to get a 2 day turn around on your deposits is to have your own Merchant Account. If you have your own Merchant Account you don't have to worry about 3rd and 4th parties having your banking info you control when, where and how the monies are handled without having to worry about someone getting into your account. If you have any questions or need any info sent to you let me know I would be glad to help.
Have a Nice Day!

 

[js]

PayPal is good for your personal purchases but when it comes to retrieving your funds or the nominal charges that they charge you for using PP its sooo not worth it. If you do sell something they can hold your funds for up to 21 days (can you imagine the interest they incur for 21 days?) I have worked in the Credit Card Merchant processing field for 10 years and the best and fastest way to save on all those high charges and to get a 2 day turn around on your deposits is to have your own Merchant Account. If you have your own Merchant Account you don't have to worry about 3rd and 4th parties having your banking info you control when, where and how the monies are handled without having to worry about someone getting into your account. If you have any questions or need any info sent to you let me know I would be glad to help.
Have a Nice Day!

Thank you. What exactly do you mean? I really want to know the answers to my specific questions, I think that will help me make an informed decision.
This is really a one time deal for me transferring and renting my points, I don't do ebay, I just want a place where my funds can go and when I am ready to purchase the cruise, use the funds that I have made to buy it.
Thanks so much!
Can anyone answer my specific questions? I would greatly appreciate it.
Thanks.

 

[Gantu]

I have a Paypal debit card that works great and I get a small cash back with it or I just transfer the money to my checking acct.

Sure its not ideal but its quick and easy~

 

[ShelsGoingToDisney]

Can you please help me

I would like to open a PayPal account. I do not want to use my Debit, Credit or Bank Account to open the PayPal.
Therefore, I know there is an option that I can purchase a MoneyPak at a participating store.
I purchase from the Store and ad, just say, $20 at the register.
I get home, open my PayPal account, and now have $20 in my PayPal account.
I sell some DVC points, and ask that the money get sent to my PayPal account. The money gets deposited but PayPal says the following:

**************
How much money can I add to my PayPal account using the MoneyPak?Your starting limit is $250 a year. However, you can add up to $2,000 a month by providing your name, address, date of birth, and Social Security securely online. Green Dot will collect, verify, and record this information on behalf of PayPal, but this information will not be used for a credit check or marketing purposes.*****************\

Does this mean the first year of opening my PayPal account I can only "make" $250 and up to $2,000 per month AFTER the first year? OR does it mean I can make up to $2,000 per month IF I provide my personal information?

What if I am not reading above correctly and I can have more than $250 during the first year deposited. HOW do I get the money that is in PayPal account out? For instance, I will want to take that money and pay for a cruise. Since I used the MoneyPak, how can I get the money from PayPal and give to the Disney Cruise Line?

I thank you VERY VERY much for any guideance you can give me.
I really don't want to use a credit card or link to my bank account.
Thank you VERY much!

I am not familiar with the Money Pak thing you talked about so I can't answer anything about that. I have had 2 Paypal accounts for over 7 years and they are both attached to different checking accts and credit cards. I've never had any security issues.

If this is a concern would it be possible to open a separate checking acct that is used for nothing other than being attached to your Paypal acct? My bank has free checking with no min. balance. If your bank doesn't have that check some others. I think ING has free checking accounts now too.

When you get paid it will be so much easier to just transfer the money to this checking acct and then once at your bank you can transfer it to your regular acct. I know Paypal can send you a check in the mail with your money but there is a fee for that. Honestly I think it's safer to connect a checking account than send a check through the mail. JMO!