Post by GitteK on Jan 5, 2009 13:57:51 GMT -5
Denise, try and imagine PayPal as a purse.
Money can go in, money can go out - but nothing happens to the money while it stays in the purse, i.e. no interest credited or anything. If you receive money into "the purse" (as I did from you for the theatre ticket) it simply stays in my PayPal account, untill I decide to move it to my bank or to use it for some other PayPal payment. E.g. the money I received from you, Sandy and Anne was used as part payment of the balance of the rent for my May vacation studio.
BTW, it never pays to move the money to your bank, because the exchange rate PayPal gives, is not very attractive. Of course not, that's their means of income - as it is otherwise free of charge for private users.
As to adding credit card:
* You open your PayPal
* Find the word "Profile" in the second row from above
* Choose "Add or Edit credit card"
* Choose the box saying "Add a Card"
* Fill out the information boxes and click on "Add card"
(I mean you can now tick it off as "primary")
Then I would delete the bank account as payment means, if you have no speciel preference for that.
Each month you receive your credit card statement from your bank, the PayPal transactions are shown. Remember to "verify" your account, you will receive an email about that from PayPal. The "verify" code, 4 digits, will appear in your bank statement one of the following months.
Money can go in, money can go out - but nothing happens to the money while it stays in the purse, i.e. no interest credited or anything. If you receive money into "the purse" (as I did from you for the theatre ticket) it simply stays in my PayPal account, untill I decide to move it to my bank or to use it for some other PayPal payment. E.g. the money I received from you, Sandy and Anne was used as part payment of the balance of the rent for my May vacation studio.
BTW, it never pays to move the money to your bank, because the exchange rate PayPal gives, is not very attractive. Of course not, that's their means of income - as it is otherwise free of charge for private users.
As to adding credit card:
* You open your PayPal
* Find the word "Profile" in the second row from above
* Choose "Add or Edit credit card"
* Choose the box saying "Add a Card"
* Fill out the information boxes and click on "Add card"
(I mean you can now tick it off as "primary")
Then I would delete the bank account as payment means, if you have no speciel preference for that.
Each month you receive your credit card statement from your bank, the PayPal transactions are shown. Remember to "verify" your account, you will receive an email about that from PayPal. The "verify" code, 4 digits, will appear in your bank statement one of the following months.
.
Let the riot begin! LOL - 
hahahha