I just don't understand the concept. If I have a credit or debit card and a bank account, why transfer money into PayPal? Why wouldn't I want to make all my transactions directly through my bank or credit card?
I'm not being sarcastic, I just don't know what the purpose is and what advantages there are in storing money in PayPal.
The reason I, and everyone I know that also uses paypal, is because most websites don't accept debit cards or payment directly from the bank and I do not want to get a credit card. Therefore, the only method of online payment is through paypal.
Also, if you want to do online payments and don't trust websites to access your bank account, you can just use moneypak and add money. Paypal just happens to be the most convinient way to pay online.
I'm having the same problem understanding the concept of storing funds in PayPal account. I have always used PayPal in the same way that I use credit cards. I purchase something on a website and pay via PayPal. PayPal sends payment to the merchant and I then send Paypal the funds to cover my purchase. I'm not sure why I would want to add funds in advance of a purchase. I figure there must be a reason to leave funds sitting in the PayPal account, since a lot of people are doing that...I'm just not sure what the reason is.
I never thought about this before until I made my first sale on Ebay this month. This month, I have an $80 charge for an online purchase that I made. I also have a $30 payment from the buyer of the item I sold on Ebay. I thought the $30 payment would be applied to my $80 purchase....leaving a balance due of $50.00. But instead...my statement shows that I need to make a payment of $80.00. And...it shows that I have a $30 balance in my PayPal account. I'm new to using PayPal and I'm confused by this. I guess I need someone to explain how it works and why the credit is not applied to the balance due.
I never thought about this before until I made my first sale on Ebay this month. This month, I have an $80 charge for an online purchase that I made. I also have a $30 payment from the buyer of the item I sold on Ebay. I thought the $30 payment would be applied to my $80 purchase....leaving a balance due of $50.00. But instead...my statement shows that I need to make a payment of $80.00. And...it shows that I have a $30 balance in my PayPal account. I'm new to using PayPal and I'm confused by this. I guess I need someone to explain how it works and why the credit is not applied to the balance due.
PayPal doesn't automatically apply your PayPal balance to amounts you owe for purchases. You need to manually initiate the $80.00 payment at which time PayPal will use your $30.00 account balance plus $50.00 from whichever additional funding source you select during the send payment checkout flow.
@wyattstorch42 wrote: Why would I add funds to my PayPal account?
People who don't have a debit card or a credit card linked to their PayPal account may want to add funds to their PayPal account so that their payments can be instant payments as opposed to eCheck payments which take several business days to clear.
eBay sellers who have the "Immediate Payment Required" option will not accept eCheck payments.
