Hi Raffles,
I will say you are totally missing out. There are so many mystery shopping companies who are very good who use this method. The quality of your work life should go up when you join Paypal and register with those companies. Also I have received money via Paypal 7 days a week. You can get a credit on Sunday.
I am not going to explain what others have posted. When you join you need to register a bank account from what I remember. You just do not need to use it. You do need to confirm the bank account. You do not need to give any other type of accounts such as your credit cards or other bank accounts. When you get your Paypal debit card you can get your money instantly without fees at no fee ATMs. It would seem tedious to register but it is worth it.
What no one here mentions that can be of great use is Paypal credit. It used to be called Bill Me Later. When I applied you just needed a good credit score, in addition to a Paypal account. They did not check my credit report or employment. They raised my limit 3 times. I have not seen them listed on any of my 3 bureau credit reports. FYI. I am unsure (I have not been able to figure it out) but do not believe you can use your debit card to post to Paypal credit.
This is valuable because you can set it up where when you Paypal online it can be posted to Paypal credit. BUT not when you have a balance in Paypal to cover the purchase. I pay my car insurance with Progressive using Paypal. Since my amount due is greater than $250 Paypal credit grants 6 months grace with no interest or fees if paid in that time. I can pay my premium outright with no fees. This saves me $150 yearly and I get to do it in payments. You can do this with any company that accepts Paypal. I do not ever use the pay by Paypal credit option.
If the amount is low then it goes to Paypal credit's next statement. This means you are granted more time to pay that expense. An example is that you pay $75 for a laser printer at Newegg on June 15th. You will see the charge posted in your July Paypal credit statement. Paypal credit will expect payment with no interest charges or fees until August 2nd. If you have money in your Paypal on August 2nd to cover it you can instantly pay. If you pay by bank account there can be delays.
What I explain here is Paypal as the payor only, not Paypal credit. The recordkeeping is very easy and you can easily withdraw your money. A check takes time to come and then you have to cash it at a bank. This way also makes you more environmentally friendly. I personally accept forms of payment such as checks, direct deposit and Paypal only. I will pick a method of payment where I do not incur a fee. For Ath Power I had to sign up with Bill.com. When I receive payment it is directly deposited into my bank account. Paypal may be a nuisance if you combine this will selling activities or purchase used items online. If you engage in these activities you would be aware of the problem previous to signing up with Paypal.
Sandra P. Dunne
Phone Mystery Shopper
www.linkedin.com/in/sandrapdunne
Edited 1 time(s). Last edit at 07/03/2015 10:21PM by sandrapdunne.