PayPal Question!!!

Hey, I have a question about PayPal that I need answered....

Does anyone know if you NEED a verified paypal account to accept payments? I thought that you could trade paypal credit to other PayPal account sbut the cash you get payed doesn't go into your baning account, it just stays in your PayPal account....


Is this right??

thanks,
Bloody

 

When someone sends you money from their Paypal it goes into the Paypal account, not the credit card, or straight to the bank account.

 

You can accept money even newly registered. You don't have to be verified, but if you're not you wont be able to send any money to your bank account. Having money on the PayPal is dangerous, imo, since they've been known to freeze accounts out of the blue. If you want to read up on some PayPal horror stories, check out PayPalSucks. A bit off topic from your question, but I've answered it didn't I?

 

I agree with ffprophecy2 and add that the verification process is just allowing them to pick money from your credit card, so basically, if you take the money of your ppal account to your bank, they "might" take it back.

IF you are 100% clean, you know very well who you are dealing with, no claims , nothing, you have bills, you got everything printed and ready to be sent to paypal and you MUST use paypal, well you have no choice.
If not, use something else.