paypal

[cumbriasteve]

I’ve never been charged and made countless withdrawals for balances above and below that amount.

Me neither and it would be the end of paypal if they did ...they already hold money without paying me any interest, no way would I pay extra to access it.

 

[Tangledfeet]

I’ve never been charged and made countless withdrawals for balances above and below that amount.

When I meant withdrawal I meant transfer to bank account, sorry.

 

[Shedendman]

The minimum balance for free withdrawal is £50.

I use PayPal all the time for both buying and selling and have never been stung. In fact I've found the PayPal protection to be far more useful than any offered by a credit card.

Er no theres not
https://www.paypal.com/gb/smarthelp/article/what-are-the-fees-to-use-paypal-faq690
never have we been charged

 

[Richard.]

When I meant withdrawal I meant transfer to bank account, sorry.

So did I. I with draw the amount straight into my account via the mobile app and it takes seconds to appear no charge. Like Steve said if they start charging me for this I’ll close it down

 

[Shedendman]

^^^^Agree big time

 

[Tangledfeet]

Hmm... wonder if you have a business type account with them?

I shall investigate!

 

[Tangledfeet]

Chaps,

Looks like I was indeed wrong; don't know where I got that £50 from - my humble apologies!

 

[captain-destructo]

Chaps,

Looks like I was indeed wrong; don't know where I got that £50 from - my humble apologies!

if i remember correctly when it first started it used to be like that but all changed now

 

[Maker]

Sounds like it's an old thing. My dad used to sell a lot on eBay and would withdraw it whenever the balance topped £50, there must have been a reason for it.

 

[captain-destructo]

Sounds like it's an old thing. My dad used to sell a lot on eBay and would withdraw it whenever the balance topped £50, there must have been a reason for it.

hey!!!.....less of the old!!!!

 

[graffian]

Paypal fee are 3.4%+20p. I use it for almost everything,

 

[hotponyshoes]

They dropped the charges for withdrawing to a bank account a few years ago.

I think there is still a fee for gift payments if you are funding it with a credit card.

Also useful is the groups/pool function.
I think it's designed so if a few of you go for dinner 1 can pay on a card and then the rest of you can pay them back via PayPal.
Handy for things like lads holidays, boat syndicates and stuff.
Also good if you are trying to set up a group buy and you can add everyone that's interest to the group then if not everybody pays up and it all gets abandoned you can refund all the guys that did pay with one click.

 

[julianf]

As a seller, PayPals only advantage is that you appeal to buyers who want to use it.

Beyond that, its pretty much all down hill.

 

[Morrisman]

I sold,some air miles and had the money payed into my Paypal account, some £3000. Then PayPal told me the money would be on hold for 21 days for them to make sure there was no claim back for non supply of goods, for example.

Luckily I am not short of a quid or two so I was in no need of the money, but it seemed a bit of a bloody cheek that I never heard about this ‘freezing’ of funds until after the deal was cut.

 

[cumbriasteve]

Freezing of funds has been going on for quite a while, I was under the impression it was for new sellers, the money should be released if they leave + feedback or as you state 21 days.,,,that was the rules but they change them so often I lose track.

 

[merryman]

the money should be released if they leave + feedback or as you state 21 days

I think you are confusing Pay-Pal with eBay. They are two different companies, eBay did buy Pay Pal, but have since sold it again. There is no feedback with pay-pal transactions, unless they are also eBay transactions.

 

[garethp]

Id never take paypal if its a collection item for the above reason.

One of the wife's friends lost 400 quid to this - eBay auction, pays with PayPal, picked item up and then claimed they'd never received the item. PayPal refunded the buyer and otherwise couldn't care less, eBay same attitude and police not bothered.

 

[julianf]

One of the wife's friends lost 400 quid to this - eBay auction, pays with PayPal, picked item up and then claimed they'd never received the item. PayPal refunded the buyer and otherwise couldn't care less, eBay same attitude and police not bothered.

And, no doubt, the email from PayPal telling her that her money was gone, still had the word "SAFE" plastered all over it!

Tell someone the same thing enough times and they start to believe it, regardless of if it's true or not.

 

[Jlg]

One of the wife's friends lost 400 quid to this - eBay auction, pays with PayPal, picked item up and then claimed they'd never received the item. PayPal refunded the buyer and otherwise couldn't care less, eBay same attitude and police not bothered.

That's why when someone wants to collect a item of me its cash only