has anyone sold anything and buyer has paid using paypal e-check? if so, i have a few questions:

1) when paying with an e-check - once credited to my paypal account, can i withdraw it to be deposited directly to my bank acct? or will i need to wait for a physical check from paypal?

2) are there any fee's associated with accepting e-check's?

thanks in advance!

 

i haven't had experiences with e-checks on paypal, but i've just had the buyer deposit the $$$ directly into my checking and then i ship the product.

 

echecks are when you link you bank account to paypal but you dont have any money in your paypal. So instead of spending the 3 business days it takes to transfer money into your paypal from your bank account it just starts the process of sending the money to whoever. i dont know about fee's or any of that because i only sent one once. never recieved one

 

Mac, see inserted comments below.

 

I think the echeck can take about a week to process. So dont ship anything until it clears.

 

+ 1. Actually, you will see the funds when cleared in your paypal account. From there you can choose to withdraw to your personal bank account or request for a physical check from paypal.

 

thanks ladies and gentlemen.....got all the answers i needed. i was unclear after reading PP's policy on echecks. i just wanted to make certain that once the echeck cleared, i didn't have to then wait for them to mail me out a physical paper check! wanted to confirm that the funds could be withdrawn and direct deposited into my bank acct.

thanks again all!