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Author Topic: Receiving Payout thru PayPal  (Read 6829 times)

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WarrenPrice

« on: April 24, 2009, 11:00 »
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Hi,
I'm getting my first payout.  It is from CutCaster and everything seems to be going fine.  It is pending transfer to PayPal.  I have used PayPal to spend money but never to receive money.

I just had to change the email address and add my checking account info.  I have a lot of questions.  Is it necessary to setup a bank account to receive the payout?  I can't seem to figure out any other way to transfer the money to ME.  Does everyone do it this way?
Thanks,
Warren




« Reply #1 on: April 24, 2009, 11:19 »
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I can't see any other way to do it. Many of these types of transfers have worked well for me. The good thing is, there seems to be no charges to me anywhere along the system.  Which is way more than I can say for bank transfers, which have virtual pick pockets every where the money passes through.



« Reply #2 on: April 24, 2009, 13:28 »
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The good thing is, there seems to be no charges to me anywhere along the system.

Payouts from MostPhotos are punished by a fee by PayPal. The name of the sender is "Arian" and he probably doesn'y have a business but a personal account.

lisafx

« Reply #3 on: April 24, 2009, 14:28 »
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I've been receiving paypal payouts for years without any problem. 

There are some that complain of problems but I think those are mostly e-bay sellers etc.  Paypal is a very reliable way to get microstock payments IMO. 

« Reply #4 on: April 24, 2009, 14:52 »
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The good thing is, there seems to be no charges to me anywhere along the system.

Payouts from MostPhotos are punished by a fee by PayPal. The name of the sender is "Arian" and he probably doesn'y have a business but a personal account.

Mostphotos AB   

AB is same as INC

WarrenPrice

« Reply #5 on: April 24, 2009, 14:57 »
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Thanks all.  Had a note from John (CC) too.  I'm feeling more comfortable.  I think receiving payouts will be much less stressful after this.


« Reply #6 on: April 25, 2009, 01:29 »
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I'm feeling more comfortable.  I think receiving payouts will be much less stressful after this.

I always feel very relaxed receiving money. It's spending money that makes me stressful.  :P

batman

« Reply #7 on: April 27, 2009, 16:43 »
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I'm feeling more comfortable.  I think receiving payouts will be much less stressful after this.

I always feel very relaxed receiving money. It's spending money that makes me stressful.  :P

ha! FlemishDreams, explain please !
i was thinking on the lines of not transferring the earnings to my bank account, but rather leaving them to accumulated .then i would go to ebay or whatever to buy a lens or something like that.
this way, i don't have to worry about giving my bank account number, and i don't have to transfer anything from my own savings.
in other words, whatever i earn from micro and mid stock, i spend on photography.

but going back to your remarks "spending money makes you stressful". are you referring to having money taken out from PP that you are wary?

« Reply #8 on: April 27, 2009, 17:39 »
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A colleague from here pointed me a tool in PP that I didn't know of.  It generates a temporary credit card number, so you can use it in sites that do no accept PP, and the purchase is then naturally billed to your PP account.  It's an add-on for the browser that you download from PP itself.

lisafx

« Reply #9 on: April 27, 2009, 17:47 »
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A colleague from here pointed me a tool in PP that I didn't know of.  It generates a temporary credit card number, so you can use it in sites that do no accept PP, and the purchase is then naturally billed to your PP account.  It's an add-on for the browser that you download from PP itself.


Oh, this is so cool!  I didn't know about it.  Thanks so much Adelaide!

« Reply #10 on: April 27, 2009, 18:05 »
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Wow, very useful piece of information. IS the credit card number generated every time we want to make a purchase, or we get a credit card number assigned permanently?

« Reply #11 on: April 27, 2009, 18:19 »
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For every transaction.  Therefore I suppose it doesn't work for subscriptions or purchases done in installments (how do you call it?).

It is a very hidden thing, I could not find it in the help files (maybe because I am not in USA?), so it may be better to check with PP before using:
http://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/cps/general/NewPayPalPlugin-outside


« Reply #12 on: April 27, 2009, 18:48 »
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Thank you Adelaide! I think this can be very useful to avoid online purchasing using real credit cards. recently, my credit card was blocked because my bank believed the security of the card was compromised. They had to send me another card with a different number, which can be painful when one has automatic payments set up. This seems like a much more secure option.

« Reply #13 on: April 28, 2009, 21:32 »
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Were sorry but the PayPal Plug-In is currently only available in the United States and is not offered in any other country at this time.

« Reply #14 on: April 29, 2009, 17:40 »
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Pixart,

I imagined that.  I wrote them yesterday but didn't receive a reply.  I would have expected it to be available in Canada though.  You are almost USA and even share the same country code.  :)

« Reply #15 on: April 29, 2009, 17:49 »
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Being in Canada can be frustrating at times as it is "almost USA" but still a different country. I experienced the same thing in the years I spent there. These days I usually get requests from my family in Canada to ship them certain things not available there, or pay something with a credit card from the US. Still, I wish many things in the US were like in Canada....

« Reply #16 on: April 29, 2009, 22:34 »
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I've been using PayPal for about 6 years and have not ever had a problem. Receiving, sending, spending or transferring to my checking acount. I have a Premeir account and also use the debit card  and get cash back from it.

« Reply #17 on: April 30, 2009, 13:33 »
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It is a very cool plug-in, hopefully it will be like webpayments pro (if I remember the title of the Paypal product) it took about 2 years and finally available in Canada - but now I don't want it anymore and I needed it then.

Yes, Madelaide... almost American.  But if you see us travel any where we always have the Canadian flag stiched somewhere so there's no mistake.   ;)  I just don't understand how we have such a strong economy right now and our dollar is worth 30 cents less than their though? ? ?

tan510jomast

« Reply #18 on: April 30, 2009, 13:45 »
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here's something i don't understand about paypal.
1) they don't have US$ account for canadians. most of us who travel and deal with foreign companies usually have a US$ account.
2) they just started a paypal canada, which again does not allow you to receive in US$ in your canadian US$ account.
ie. everything has to come in as US or Euro then converted to Canadian.

anyone see the reasoning for this? i ask because i am using my earnings mainly to buy new equipment. what i earn i put back, this way, it 's simple for keeping tabs in my I/E to RevCan. 
also, you get better deals buying from the US i/o Cda. so it's more likely i will not need my earnings to be converted to C$.
finally, doesn't conversion cost money in paypal? one could lose a bit simply in  Foreign Exchange , because buying and selling not only vary each day, each time you flip, the bank takes a bit more.
« Last Edit: April 30, 2009, 13:48 by tan510jomast »

« Reply #19 on: April 30, 2009, 19:23 »
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tan,

Another odd thing about Paypal: being in Brazil, I can only have a PP account in the USA.  I wanted a UK account because I have a bank account there, so I would be able to transfer money to it, but no, I can only have a UK account if I have a UK address (I could use a friend's, but I don't like such lies).

tan510jomast

« Reply #20 on: April 30, 2009, 19:33 »
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tan,

Another odd thing about Paypal: being in Brazil, I can only have a PP account in the USA.  I wanted a UK account because I have a bank account there, so I would be able to transfer money to it, but no, I can only have a UK account if I have a UK address (I could use a friend's, but I don't like such lies).


it's odd, for sure. i am not unhappy with the service, nor the support, as christine  of paypal is really helpful. but it could be better. the rule is account in your local currency, which is to us in North America a bit strange because anyone who travels often would have an in UScurrency since the 80s because of less complication with foreign exchange. in fact, the banks here in Canada introduced US$ for that purpose ie. to make it easier for those who vacation or work often abroad.
i could select to get paid by cheque , but then we know the payout limit is higher, and you get charge a fee for cashing the cheque. a dilemma for sure. but oh well, i will just leave the money there and spend it when there is enough to buy me some equipment.

« Reply #21 on: April 30, 2009, 20:03 »
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Today they replied to my question about the plug-in... in Spanish.  Dude, do they think Brazilians speak Spanish?  Do they think our capital is Buenos Aires?   ;D

« Reply #22 on: May 01, 2009, 00:33 »
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Today they replied to my question about the plug-in... in Spanish.  Dude, do they think Brazilians speak Spanish?  Do they think our capital is Buenos Aires?   ;D

LOL! You should tell them that's a pretty bad practice if they want any business in Brazil :D

« Reply #23 on: May 01, 2009, 01:50 »
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... The good thing is, there seems to be no charges to me anywhere along the system.  Which is way more than I can say for bank transfers, which have virtual pick pockets every where the money passes through.

Yes, that part is true: By using PayPal you won't incur service charges.

That's not to say using PayPal isn't costing you money, though. PayPal makes money by using an exchange rate that is very much in their favor. I live in Canada, and PayPal typically undercuts the going USD exchange rate by 2.5 cents, which may not sound like much, but using PayPal costs me more than $1000 per year. Using MoneyBookers would save me a lot of money, but they probably won't ever be in Canada. I wish I didn't have to, but I'm strongly considering switching to being paid by cheque in the near future.

tan510jomast

« Reply #24 on: May 01, 2009, 12:22 »
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Yes, that part is true: By using PayPal you won't incur service charges.

That's not to say using PayPal isn't costing you money, though. PayPal makes money by using an exchange rate that is very much in their favor. I live in Canada, and PayPal typically undercuts the going USD exchange rate by 2.5 cents, which may not sound like much, but using PayPal costs me more than $1000 per year. Using MoneyBookers would save me a lot of money, but they probably won't ever be in Canada. I wish I didn't have to, but I'm strongly considering switching to being paid by cheque in the near future.


but don't they still charge us for cashing a foreign cheque, sharply_done? even if we deposit the cheque which is in US$ to our US$ account?.


 

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