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?
bartjan
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.
chuck1234
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.
chuck1234
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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