Quote Originally Posted by Psycho4Bud
1) Set up an account with paypal and give them your banking information
2) They send your account a deposit (just a few cents) in order to confirm that the information was correct.
3) Making payments: Money is automatically withdrawn from your bank account under the paypal name
4) Receiving payments: Money is deposited into your paypal account and it is up to you to then transfer into your bank account.

Not doubting what fastspider said about getting your money out of them but I personally haven't had any problems. THIS statement though, "Never ever give your paypal information out to an email requesting it because paypal does not send out emails asking for your information and never will and scammers do." Is a DEFINATE!! Lucky enough for me that my bank was wondering why I was making purchases in Romania! They cancelled all transactions and issued me a new number in which I had to straighten up my paypal account with the new information so BEWARE!!

Have a good one!:jointsmile:
5) Don't keep your money in paypal. It's not uncommon for them to freeze your account. PayPalSucks.com is where you will learn about the PayPal Class Action Lawsuit, Abuse, Fraud & evil behind the PayPal system!, but if you're smart and using it for legal reasons and small personal transactions you should be fine. :hippy:
NteeM Reviewed by NteeM on . Paypal Well when it comes to complicated stuff like this im a noob, could someone explain to me in layman terms how this works? Also im from the uk and there is paypal.co.uk and .com so which one do i sign up to or does it not matter are they both the same?? Thanks.. Rating: 5