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I don't get it - how does Paypal work?

(5 Posts)
PrettyCandles Thu 26-May-05 14:49:47

I'm just setting myself up a Paypal account (so that I can have an eBay addiction as well as my Mumsnet addiction). It seems that I can spend on my Paypal account without actually having any money in it? Is that so? How do they get their money from me in that case?

charleepeters Thu 26-May-05 14:51:11

your paypal account is linked to your bank so it comes out of there

PrettyCandles Thu 26-May-05 14:52:14

But they haven't asked me for any bank details.

Iklboo Thu 26-May-05 15:38:20

You can link it to a credit card too. They will bill you for any money you've spent that ain't yours. You can set up an electronic account where they'll take it direct from a bank account or credit card, or send cheque etc. NOt worth spending what you haven't got though cos they charge fees on top.

PrettyCandles Fri 27-May-05 10:22:27

But where does it say that? They haven't asked me for any financial info, just told me that I can spend £500 this month, despite having a balance of £0. This is confusing. It doesn't make sense that I should be able to spend what I don't have, but that's what they seem to be offering me.

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