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Hi All - I have made purchases only so far with PayPal on Ebay and through private dealings. I have items that I want to sell on Ebay. I recently closed my bank accounts and am using a WalMart prepay card, it says GreenDot on the back. My question, when a buyer pays me through PayPal will it be added to my card balance or will it become part of my PayPal account balance? (another thing I don't understand the workings of) I previously had a seller give me a credit when I overpaid for shipping, that went straight to my card, but I think that would be considered a refund.
Does anyone know anything about how this would work for me? Thanks for any help!
Barb
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If you want to sell on eBay or anywhere else, you need either a Premier or Business Account. Note, you "must" verify your PayPal Account. Just linking a prepaid type card won't work.
As for how refunds work:
If you paid using your PayPal Account Balance or Bank Account, the refund is credited back to your PayPal Account Balance. Times can vary for many reasons, it can take from 1 day to several days depending on the funding source used by the party doing the refund.
If you paid using a credit card, the refund is credited back to that card. That process can take up to 2 weeks for the credit to appear on your card statement.
If you paid using a prepaid type card, the refund is credited back to that card however, as many cards are not reloadable, you have to contact the card issuer for assistance with getting the credit reapplied to the card.
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If you want to sell on eBay or anywhere else, you need either a Premier or Business Account. Note, you "must" verify your PayPal Account. Just linking a prepaid type card won't work.
As for how refunds work:
If you paid using your PayPal Account Balance or Bank Account, the refund is credited back to your PayPal Account Balance. Times can vary for many reasons, it can take from 1 day to several days depending on the funding source used by the party doing the refund.
If you paid using a credit card, the refund is credited back to that card. That process can take up to 2 weeks for the credit to appear on your card statement.
If you paid using a prepaid type card, the refund is credited back to that card however, as many cards are not reloadable, you have to contact the card issuer for assistance with getting the credit reapplied to the card.
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Newbie here also. Was curious as to how you were asked to verify your banking account. Were you asked for your on-line banking password by PayPal for "instant verification?"
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Hi, you recentrly answered a question which was very informative. I was curious though. I have a personal account which I recently opened as well as a new seller account on Ebay. I am able to conduct business through this method. Am I doing something wrong? Everything seems to be going fairly smoothly so far.
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Yes, absolutely. I would NEVER give anyone my banking password, and yes, they held my money and are still holding new sales. They've released my first sale, which was substantial, so I'm able to continue selling, but I feel for anyone who has to wait for a month because they don't want to share private information and are punished by this. I didn't see anywhere where I had to become a business account to do business. Also, I am doing a lot of these sales for friends, so most of my sales are not my money. I really don't want to open a business account because this is not my "career". I think it's great though that you were able to be guided into the right direction by other PayPal and Ebay'rs as to how to do things. I'm finding it difficult to get certain topics addressed...maybe that's my fault, by pushing the wrong buttons on people, but I'm a die hard Republican Constitutionalist and some things just don't "gel" for me. Good luck in your business!
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- PLEASE HELP in About Payments (Archive)
- Confirming my bank is Impossible. in About Payments (Archive)
- No asnwer from Paypal in About Payments (Archive)
- limited account information in About Payments (Archive)
- How long does it take for available credit to restore when a customer returns or cancel a purchase? in About Payments (Archive)