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Ebay-Paypal-Bank Account

10 Jan 2013 12:10PM
Selling a item on Ebay which the buyer pays the seller via Paypal, is there a time limit on when the seller can withdraw the funds deposited by buyer before seller can tranfer the money to their bank account , can seller transfer money as soon as it is deposited with Paypal ?

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LesJD 6 158 Wales
10 Jan 2013 12:13PM
AFAIK the answer is yes.
Pete Plus
16 18.8k 97 England
10 Jan 2013 12:38PM
Yes you can providing you don't leave a negative balance. Withdrawing doesn't mean you're safe from comeback. If the buyer decides to do a Chargeback Paypal will take the money from your account and ask questions later. If there's no money in they will come to you for payment or an explanation to render the chargeback void. If it's decided that the chargeback is legit..you have to pay back and they go to debt collector level. Charge backs usually only occur if the buyer decides the item is not suitable or doesn't receive it...usually the buyer would have already notified you with any problem so it shouldn't be a surprise. I'd say whatever you dont spend the money until you are sure the sale was a success. Another issue that can occur is when the account of the buyer is hacked and you sell to a spammer. Always check on the paypal sale details that the buyer is eligible for seller protection. Full details here Paypal safe selling

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