So I just finished setting up my paypal account, and got my savings account linked so it's all set. Now it says I should verify my account, do i need to do that to send money, or can that wait? Also, my PP acount says $0.00, so do I need to transfer money into it, or can i just send a payment and it will pull it automatically from my savings?
It verifies your account by sending you two small amounts like .11 and .14. Then it wants you to go into your back account and tell them what those amounts were to verify you are who you say you are. Then you'll be ready to roll.
Another thing to remember is that there aren't any fees involved in sending money through Paypal, only when you receive. Most ppl don't stop to think to include that little extra 3% to cover it for the seller. The seller has to remember to raise the price enough to cover the fees himself or the transaction is on him.
I gave selling my knives on ebay a whirl and it completely dragged me down. Listing fees, insertion fees, ad enhancement fees, picture fees, Paypal fees........you get the drift. To sell a $5 item on Ebay does NOT pay off unless you rApe them on shipping and handling. The ones making the money are Ebay, Paypal and the shipping companies. They take your profit.