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Finch

2862 posts

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#172020 8-May-2015 14:37
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Hello.

I am looking into buying a few things off Ebay. It seems like the most common payment method that sellers accept is Paypal. So how exactly does it work? Do I input my bank account details into Paypal and then when I want to pay for something I just transfer it like that?

I guess the main thing I am worried about something going wrong and losing everything that is in my account, that's not really possible is it unless Ebay/Paypal gets hacked?

Is it better just to go to my bank, open a new account and deposit money into that account and just use that for Ebay/Online purchases?

So yeah, Do you have any positive/negatives experiences?

Thanks for all the help.

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keewee01
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  #1300803 8-May-2015 15:25
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You use your credit card to setup PayPal; when you win something on eBay you then authorise the payment from your PayPal account and PayPal debit your credit card; all very easy.

As far as I am aware, it is not possible to move money into a PayPal account from an New Zealand bank account - in the US, maybe Australia, and other countries which have localised eBay, you can tie PayPal to your bank account - and it is certainly possible to move money from your PayPal account to a NZ bank account (I've been selling on eBay for years and if I don't spend what is in my PayPal account, I move it to my bank account - have bought and sold thousands of items).

It is very safe and very secure; PayPal is an escrow service and you have 45 days from payment to make a claim if the item does not arrive.

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