I have had PayPal to purchase items. The account is linked to a credit card. However, I want to be able to receive money from others - reimbursements from friends, garage sale sales, etc. Do I need to link to a bank account? If I do, will this supercede the credit card for future purchases I want to make? Or will I be able to toggle b/w the bank account and the credit card? Also, if you are 'garage sale' selling do you need to open a business account? And lastly, any monies received that is from a 'garage sale' sell is that reported to the IRS? I just want to be square with all the legal aspects of using PayPal to receive monies from outside sources. Thank you.
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