PayPal: bank account needed?
Discussion
We have an on-line business/hobby which takes funds via PayPal (account in the name of the business). We have a business bank account in the same name to dump this money into.
The bank account has started charging (after 7 years, how dare they!) and we were wondering if we need this account. It is only used to withdraw money from PayPal.
Is there any other way of taking money out of PayPal?
Thanks.
The bank account has started charging (after 7 years, how dare they!) and we were wondering if we need this account. It is only used to withdraw money from PayPal.
Is there any other way of taking money out of PayPal?
Thanks.
Where do you do the rest of your business banking ? IIRC ,pay pal can cut a check as an option ,takes 3 ? days after requesting it . My Paypal is attached to my regular checking so I could add or subtract funds from paypals' own balance as needed. I don't often have a balance there,as I use it for online purchases.
If fees are significant ,take your banking elsewhere,or threaten to if you do a large amount with the institution .
regards,Ed
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