Matt, Thanks for your reply and information,.

Bob Stone

-------Original Message-------

From: KRnet
List-Post: krnet@list.krnet.org
Date: 09/27/04 13:34:40
To: KRnet
Subject: Re: KR>OT: PayPal

Sure....

You can think of them in terms of a money broker.... You create an account
with them with either a credit card number or a checking account number.
You "send" mail to people via their email address, and it is drawn from your
checking acct or credit card.  They have to have or create an account also
to recieve it.   If someone sends you money, you also have the option of
leaving it in your paypal account.  To remove money from your paypal
account, you can have it electronically transfered to your bank account, but
it takes up to three days.  (!!!)  The plus side is that it's fast and easy
to send and recieve payments from ebay, the downside is that the fees are
steep... about 2.4% of the transaction.  Add that to ebay's seller fees, and
it's a big chunk of money. And 3 days is a ridiculous amount of time for an
electronic funds transfer in my opinion!

Does that help?

Matt in TX



----- Original Message -----
From: "Robert L. Stone" <rsto...@hot.rr.com>
To: "KR Builders Pilots" <kr...@mylist.net>
Sent: Monday, September 27, 2004 10:35 AM
Subject: KR> PayPal


> Netters,
>
>     Can any of you guys  explain to me how PayPal works and how to use it.
>
>
>
> Bob Stone, Harker Heights, Tx
>
> rsto...@hot.rr.com
>

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