When I use my debit card does cash actually get transfered to the sellers account and how?
451599
First be aware that Debit Cards and Check Cards are often interchanged in such discussions.  Next, know that times vary from various institutions.\n\nPersonally, the bank I work with 'brings in' debit transactions every morning.  So when a member used their card to make a purchase, the account is "Pinged" to verify it's existence, and availability of funds.  However there is no freeze or transfer until later.  Usually 24 hours or so, though sometimes longer.\n\nThere is a case I'm familar with though while working at a hotel, where if a guest paid w/a Debit Card, +20% of the bill would be 'frozen' until payment cleared.  Not sure why, but it was the stated policy of the hotel.
673947
Direct debit is where someone (usually a company), with your permission and details can arrange to take money out of your bank account.  A standing order is something you can arrange to send money to another account.  I think standing orders have to be renewed yearly (may just be an option) whereas direct debits carry on as long as the other person carries on taking money or until you cancel it.\n\nEasy way to remember, direct debit is taken from your account, standing order you send from your account.
950976
YES, I think so, also they required link to your checking account...Peoples bid and pay to your paypal account and after deducted all fee they will transfer to your checking or whever account you have set up with paypal. I don't have very good xperience with either ebay or paypal and just last month some body when in paypal and deduct over $100 from my checking, It taking me over 3 week to deal in between paypal and my bank in order for me to get my money back to my checking account. So I just "Goodbye" paypal and I just stick with good old cash transaction with Craigslist.com, I got better business dealing with local and cash. Just too many "crooked" out there
800053
You ask for it in the post office, no bank account involved.  You pay the PO the money (and a little bit extra for a fee I think) and it is made out to a person (only that person can cash it).  You then give it to that person (or post it!).  The person then receives it, takes it to the PO and cashes it.
543479
It goes into your PayPal account until you tell it to transfer into another account (such as a checking account).
601622
Your debit card works the same as a credit card when purchasing online, as long as you have the funds in the bank of course.
414514
He doesn't know: That's the bueaty of PayPal: you can receive or send money to third parties without sharing your financial information. Just your email address. The financial information (like acct numbers) stays with PayPal.\nIf the payment is linked to an e-auction (like ebay), then Paypal keeps the money in escrow for you to feel safe that money won't be paid until you receive your item, and the seller is confortable too because they know that money has already been withdraw from your acct and is in Paypal's escrow
734263
It depends on the auction.  Some sellers will accept Money orders, cashiers checks, credit cards.  It will say somewhere in the auction what type of payments are accepted by the seller.\nThe most popular ways are Bidpay and Paypal.  The merchant sets up an account with them to collect payments on their behalf.\nWith one of these accounts you can pay with a credit card or have it taken out of your checking account.  Free to sign up.
1167928
sell it on ebay\n\nHow paypal works:\n\nHow PayPal Works.\n\nAs an online financial transaction broker, PayPal lets people send money to each other's email addresses. At no time will either party have to see the other's credit card or bank information.\n\nThe model is very simple. Similar to an escrow service, PayPal acts as the middleman holder of money. Through its policies, practices, and business integrity, PayPal has earned the trust of both parties.With multiple guarantees in place, buyers and sellers entrust PayPal with their credit card and bank information. PayPal keeps that private customer information secret. Then, while "blinded" from the other party's confidential information, strangers safely send money to each other through PayPal and email.\n\nPayPal Requirements \n\nYou need no special technology nor a business license to send/receive money through Paypal. The only requirements are:\n\na valid email address. \na valid credit card or bank account.
897069
the only places you can transfer money to from a paypal account would be your own bank account or someone elses paypal account. that other person can then transfer the money you put in their paypal account to their own bank account. paypal is not a traditional bank that can do direct wire transfers
741724
Basically, you are correct.  Banks usually group ACH transactions and process them periodically in large batches. Many banks transfer funds from your account as soon as they set up the the transaction into a clearing account. They may indeed be getting interest on these funds before they send them to the clearinghouse.  Some banks have changed their practices and now just charge your account on the day the transaction actually takes place without regard for the waiting period.
431419
Paypal is a  payment gateway for people to send and recieve money. This can be used by stores, service providers or people who wish to send money to friends.\n\nI use paypal everyday and to be honest you need to have a bank account. Where will you funds go to?\n\nYou can not use cash so I think you will have to ask a friend who has a paypal account to help you out.\n\nPaypal require you to verify your id by asking for your bank account, credit card details and sometimes call you aswell.\n\nIf you purchase a product via Paypal and it don't arrive you are protected for a limited time - PLEASE READ THEIR TERMS OF SERVICE - you have to report it to PAYPAL as quickly as you can.
795710
First of all, Paypal is not a bank, Paypal can take the money that is in your account at any time and give no reason for it, they don't have to, unlike a bank. They are not regulated by a external organisation and will not be slapped on the wrists by the government for taking your money.\n\nPaypal is used to send money, for many different reasons, as long as the other person has a Paypal account they can receive the money.\n\nPaypal deducts 2.5% from any money a person recieves via thier service. \n\nPaypal is really a middle man that makes sure the transaction runs smoothly and if there is a problem will come in and try to resolve it, most times they don't. Paypal is also used so you don't have to share your account details with strange companys or people all they get is your email address and the postal address that you specify, if you want to receive something.\n\nHope this helps you understand!\n\nJay
716449
Have you tried craigslist.com?  Most sites have too many of their own rules.\n\nIf you are the seller, you will need a credit card account, so you can accept payment by credit card, from your customers.\n\nIf you do not want to do that, how else are you going to get paid?  Will you send property out and wait for a check from a buyer?  If so, you may be waiting a long time for some people.\n\nIf you want a check before you send out property, you won't have any customers.  There would be nothing to stop you from keeping a check and keeping the property.
944557
go to www.propay.com . you pay an initial fee upfront depending on how much credit card processing you expect to do and then you can process credit cards through their service for an entire year. they are extremely easy to use. You can then either transfer the money to checking account or their own debit card, which is usually done within 48 after you make the request to transfer to checking and if you chose to use the debit card it is available within 24 hours of you processing the transaction
994395
I use a debit card for online purchases.  It is accepted at most places in place of a credit card.  The only issue I've ever had with it was when I was trying to rent a car.  They would only accept credit cards, which is understandable considering I don't often have alot of money in the bank.  You can also set up a Paypal account, through which you can make online purchases.
915292
The Post Office will cash the money order if they have enough funds on hand and the mo is legit.\n\nBe aware that there are a huge number of fraudulent money orders out there and cashing fake money orders is one of the hottest scams.  The tell tale signs of the scam is if someone asks that you cash the money order and send them part of the money with a legitimate money order or check.  If this is the case , not only will you lose your money but you might be prosecuted as a part of a money order fraud/money laundering scheme.