Recieving payment from eBay

kayx_44
New Community Member

I'm a very new user of PayPal and eBay.. I've many things easily. I sold my first item on ebay and it said my paypal balance had been credited by the buyer. How can I get the money from my paypal account to my bank account? My card details are all set up etc. I'm in no hurry, after an amount of time does my account just get credited the money from paypal or do I actually have to do something to move the money? It says it holds my money for 21 days, after that, what happens to my money in my paypal account?

Thanks for your time!

Login to Me Too
1 REPLY 1

hrb123
Contributor
Contributor

As far as I know PayPal will never automatically iniate a whithdrawal and you will always need to request the withdrawal yourself.

 

You can do this by following these steps:

 

Log in to your PayPal account at www.paypal.co.uk
2. Click 'Withdraw' near the top of the page.
3. Click 'Withdraw funds to your bank account' or 'Withdraw funds
to your bank account even quicker'.

- The faster withdrawal option offers a quicker service (1-2
working days) and includes a fee of £5 per withdrawal
- Regular withdrawals are free (will take 2-3 working days once
status shows as Completed)
- Withdrawal timeframe does not include bank holidays and
weekends

4. Enter the amount to withdraw and choose the correct bank
account, then click 'Continue'.
5. Review the details before completing.

- For 'Faster Withdrawals' enter the 'Wire sort code' in the
required field

6. Click 'Submit'.

Faster withdrawals can only be used to withdraw funds to a UK bank
account.

 Note:

- You can still withdraw funds using an unconfirmed bank account
- For unverified accounts, there is a minimum monthly withdrawal
limit of £500 (to lift this limit, click on Get Verified link)

 

You'll need to make sure all the information is exactly matching your bank account e.g. If the name on your account is slightly different it wont work so when it asks for the name make sure you enter it as it appears on your statement. i.e. you cant just have J SMITH if the statement shows the name JOHN SMITH and all names must be SPELT correctly.

 

You can also contact PayPal by telephone via the contact us page and request a withdrawal

 

Hope this helps!

Good Luck!

 

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.