whats the difference between recieveing cash or credit cards in paypal, i know sometimes there are other charges or a hold, but what about the status you need to have with them in order to receive credit card money, do you need to have a bank account or a credit card on file with paypal?
November 18 2007 6:55 AM EST
The answer depends on in which country you do live... I could explain the PayPal rules for the Netherlands to you, but am not sure if they do apply to you ;)
I live in USA, I have a credit card, but am not sure if i have it on paypal, i can check here in a minute.
November 18 2007 12:56 PM EST
you need to have a "verified account" at paypal to effectively receive money in your bank account, etc. For account verification, you pay USD 2 from your credit card, and they send a 4 digit verification code in your credit card acct statement that is mailed to you; which you then enter at the paypal form, which verifies your account, i.e., locks that account to a physically verified address and user. However, you also need to be over 18 years of age, at least that's how it is here in the UK.
November 18 2007 12:58 PM EST
btw that USD 2 for verification is refunded into your next paypal transaction; also this process takes more than a month, because the code is in your card's account statement that is mailed to you monthly.
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