Pay a fee to receive money from customers, pay a fee again to deposit your paycheck?

J-Olya
Contributor
Contributor

Paypal no longer allow transfer money from business account to bank account.

You can request a check (in 1-2 weeks) for $1.50 or a prepaid Master Card.

Does this sound okay to everyone?

James

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15 REPLIES 15

kernowlass
Esteemed Advisor
Esteemed Advisor

@J-Olya

 

You can withdraw funds from your paypal account balance to your bank account linked to your paypal account free of charge.


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J-Olya
Contributor
Contributor

Yes we did for years. Option is no longer available.

Please show us the option if it's been moved.

James

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kernowlass
Esteemed Advisor
Esteemed Advisor

@J-Olya

 

Can't show you anything, just know its free to withdraw funds to your bank account from your paypal account.


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lancelotme
Frequent Contributor
Frequent Contributor

I just did,not a problem.

 

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J-Olya
Contributor
Contributor

I did too. New redesigned page (the popup window) shows two option now for transferring to bank account. I thought they were one option. My bad. Thanks for verification.

What is the new added option of transferring to bank account using a prepaid master card which requires signing up for? How does it work?

Thanks again.

James

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

Here is the site: https://www.paypal-prepaid.com

 

For those who don't have or want a bank account.


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lancelotme
Frequent Contributor
Frequent Contributor

you mean the PAYPAL prepaid MC debit card?

you can go to the website and learn the details?

If you frequent this site,there are many complaints of various Paypal products not functioning,I would avoid any new Paypal product!

even existing ones have problems,like all of a sudden ,US buyer and sellers are dealing in Brazilian real,instead of US dollars????? 

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

Or like payments with unconfirmed addresses or no address, go right straight to your completed transaction section when it's supposed to be in pending section with option to accept or deny.  My selling settings are correct for that to occur.  They would update something on the site and then break something.  I hope they get it fixed soon.  The setting is located under "Getting Paid and managing my risk" section...well how am I going to manage my risk?  \_(-.-)_/


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J-Olya
Contributor
Contributor

No, not a business debit card.

New option is "transfer to bank account using a prepaid card". Clicking on the option goes to another page require you to login (after registering). This was my original question that for example after registering, they send a reloadable MC then I can send paypal balance to prepaid card and then be charged a fee like cash advance or transfer fee from credit card to my checking account?

Option shouldn't even show up on business accounts with business debit cards. Does not make sense.

James

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