how to use money on paypal

@esteria (396)
India
October 31, 2009 1:25pm CST
i know that lot of sites online pay using paypal but what i do not understand is how do i use this money. I actually am more interested in gaining cash than buying online. I even have a credit card but have not thought it necessary to link it with my paypal account. So what do you people propose i should do. What do people mostly do with their money in paypal.
2 people like this
9 responses
@tdemex (3540)
• United States
31 Oct 09
You should link it to your card! I did and then did a few transactions using the account, then you can apply for a paypal debit card issued by Mastercard, it's a great card and works at all major stores and all the ATMs I use mine all the time and they have very good rates and also their exchange rates for currency are good!tdemex
@esteria (396)
• India
31 Oct 09
just 2 more queries will the paypal debit card work in india. how much do we need to have in our account or transact to get an paypal debit card. What happens to our original credit card then.
1 person likes this
@tdemex (3540)
• United States
31 Oct 09
The card is free! As far as India goes I'm in Mexico so I don't know, but it is a mastercard and it's global! tdemex
• Indonesia
1 Nov 09
you also can use Virtual Credit Card..it's so simple and safety.. but according to your country..
@leafsound (348)
• China
1 Nov 09
Don't worry about it, and the money in paypal can be transfer to the VISA card. This is the basic function of paypal. But you must take care of paypal fee, and fee is very high in some country, for example in china, at least you must pay 35$ for every cashout. Of course,it is no problem that you spend online.
• Indonesia
1 Nov 09
wow..ti's too high...thanks for the information..but i use VCC in Indonesia and it is not high to cashout...
• India
1 Nov 09
You can ask Paypal to deposit the money in your bank account. I am yet to do it.But my son had transferred his payout from Mylot earnings to his bank account. You do not need to have a credit or debit card for this.
• India
31 Oct 09
Hi esteria, you can use your money accumulated in the paypal account to buy things online. If you are not interested to buy online, this money can be withdrawn to your bank account in India.If your paypal account is verified the transactions are easy and without restrictions. To verify the account you have to provide the credit/debit card informations.
@esteria (396)
• India
31 Oct 09
How exactly can i transfer the money after verification. I mean what is the procedure for withdrawing money to bank accounts.
• United States
1 Nov 09
I think you have been wise with not spending your money, you might want to wire your credit card to your paypal account so you can spend not only online.
@oslash (21)
• Argentina
1 Nov 09
you can always buy from ebay or withdraw it via check but i dont recommend withdraw it via check unless you live in USA
@cbjones (1147)
• United States
31 Oct 09
I usually just let my money sit in the PayPal account until I reach a set amount. After than, I manually transfer most of it to my bank account. I like to keep a little bit in PayPal for any future eBay purchases I may make within the following months. I would connecting your PayPal account to a bank account would be the best course of action. PayPal isn't really a bank, so just letting all of your money sit there isn't the best thing to do. It's not like you'll funds will increase with interest overtime. Also, there are always scammers out and about who like to send fake emails to people. If you were to fall for these tricksters, all of your money would be right there for the taking.
@diamania (7011)
• Netherlands
31 Oct 09
What I mostly do with my money is spending it online. There's not much you can do with it anyway. Either you deposit it on your bank account or you spend in immediately online. You could also invest the money in HYIPs, comes with risks though.
• India
31 Oct 09
For India you can now link your Bank account to Paypal for verification and then transfer the amount from your Paypal account directly to your Bank Account. Please make sure that the details of the Bank account are 100% correct so that money is transferred correctly otherwise Paypal charges Rs. 250 as return fee to get back the amount in the Paypal account again. For amount of more than Rs. 7000 there is less Transfer Fee of Paypal and amount less than Rs. 7000 the transfer fee is more. For more Information read the Help section in Paypal carefully , you will get each query solved about Transfer of Money and Verification of Bank account or Debit and Credit cards.