small sellers are big buyers

[ironbark-au]

might be time to unlink all bank accounts from paypal and leave them an empty one my sales are small in number and all money i do recieve my better half or i spend on ebay anyway. I just looked i have only ever moved money back to account twice but have made many the other way I think a lot of small seller are big buyers what are they thinking making it harder for small sellers all the time

[shepherdsrule]

Not sure why you would want to do this, but if you remove all accounts and card links from paypal, your selling days will be over.

Maybe I have missed something??

[found-in-australia]

I have a bank account specifically for my PayPal payments to be paid into, and then get transferred from there into my day to day trading accounts. This creates a buffer, and PayPal can not reach into my trading accounts and take money back, or extract a payment, and interfere with the day to day trading of my small business if I am unaware that they have extracted money from the account.

This has worked well for me over the years, and I use telephone banking to transfer funds from the PayPal connected bank account into either my business trtading account or into my credit card account.

One positive with PayPal, over the last three weeks the transfers from PayPal into my bank account are now running particularly quickly. Now, if I transfer from PayPal into my (Westpac) bank account before midday on a business day, the funds are in the account just after 4:00 pm on the same day - this is 24 hours quicker than it was prior to whatever changed 3 weeks ago. Generally, but not always, if I transfer between midday and 4:00 pm on a business day, the funds are in the account by about midnight that night and sometimes just after 4:00 pm.

Kind Regards,  Kevin

[phorum_junkie*]

I can't see the point of removing your bank account from Paypal, if they need to refund and you do not have enough funds in your Paypal account and you have no bank account they will take it from your card and if you don't have a something registered you can't sell.  If Paypal can't get the money any other way they will send round the debt collectors and your credit will be ruined.