Can you transfer Paypal funds between accounts ?

[Harvey Segal]

I vaguely recall once reading that it is not allowed
to transfer funds between your personal account
and your business account, probably in one direction.

Did I dream this up ?

Harvey

Hi Harvey,
No you not allowed but I have had them do it for me before when I called on the phone ...

James

[patJ]

Never heard about that? You better call them.. you never know with paypal. They have banned people for doing less than that.

[Harvey Segal]

Originally Posted by TheRichJerksNet

Hi Harvey,
No you not allowed but I have had them do it for me before when I called on the phone ...

James

James

Is that

Personal ==> Business

Or

Business ==> Personal

Or Both ?


Harvey

I did personal - to - business

James

[Melody]

If you get the right person on the phone and have a long standing business acct - you can get a transfer made, but I have done it from the business to the personal acct.

But you cannot do it online - even when testing, you cannot 'buy' a product that you are selling through your business acct with funds from your personal acct.

[Kim Standerline]

I think its because of anti laundering laws n stuff that they don't allow it

Kim

[GarrieWilson]

Just do a mass payment if its from business -> whatever.

Its only a dollar or less.

OR just send the funds and within 60 days, refund it.

Originally Posted by Kim Standerline

I think its because of anti laundering laws n stuff that they don't allow it

Kim

Kim would be correct ....

I had to fax them all my stuff .. "Again" and they said they did it as a one time favor..

James

[Careygee]

I have been with PayPal since 2002.

Transfering funds is determined by how you have your account set up.

I have mine set up as Account type: Business

I have both my personal checking AND my Business Account listed
and verified.

I can "Withdraw" to either one from my PayPal balance.
When I click on "Withdraw" ... I get the following
(with a dropdown for both accounts to select one or the other)
---------------------
Withdraw Funds by Electronic Transfer Secure Transaction
--------------------------------------------------------------------------------
Please indicate the amount you want to withdraw and which bank account to credit. Withdrawals from your PayPal account to your bank account must meet the minimum withdrawal amount.
It can take 3-4 business days to complete this transfer, depending on your bank's holiday schedule and payment policies. You can get instant access to your funds with a PayPal Debit Card once you receive the card.
---------------------
So bottom line ... set accounts up and verify accordingly for
withdrawals to either Business or Personal.

As to transfers, all the other posters are correct.
Hope this helps.

[Harvey Segal]

Originally Posted by Careygee

I have been with PayPal since 2002.

Transfering funds is determined by how you have your account set up.

I have mine set up as Account type: Business

I have both my personal checking AND my Business Account listed
and verified.

I can "Withdraw" to either one from my PayPal balance.
When I click on "Withdraw" ... I get the following
(with a dropdown for both accounts to select one or the other)
---------------------
Withdraw Funds by Electronic Transfer Secure Transaction
--------------------------------------------------------------------------------
Please indicate the amount you want to withdraw and which bank account to credit. Withdrawals from your PayPal account to your bank account must meet the minimum withdrawal amount.
It can take 3-4 business days to complete this transfer, depending on your bank's holiday schedule and payment policies. You can get instant access to your funds with a PayPal Debit Card once you receive the card.
---------------------
So bottom line ... set accounts up and verify accordingly for
withdrawals to either Business or Personal.

I think you are talking about withdrawing from one Paypal account (business)
to personal and business Bank Accounts. Is that correct ?

My question is completely different, it's about transferring
between two Paypal accounts

Harvey

[rondo]

Harvey I transfer small amounts regularly from my Business to Personal account. A few months ago I transfered a larger amount (high $xxxx) and got a friendly phonecall within minutes wanting me to confirm the transaction details - no problems.


Andrew

[Careygee]

Originally Posted by Harvey.Segal

I think you are talking about withdrawing from one Paypal account (business)
to personal and business Bank Accounts. Is that correct ?
No ! Withdrawing from Paypal Account Balance ...
Not from one to the other.
My question is completely different, it's about transferring
between two Paypal accounts
Harvey

I don't know why the last of my post was left off ... ie.
"As to transfers, all the other posters are correct.
Hope this helps."

[Careygee]

Originally Posted by rondo

Harvey I transfer small amounts regularly from my Business to Personal account. A few months ago I transfered a larger amount (high ) and got a friendly phonecall within minutes wanting me to confirm the transaction details - no problems.


Andrew

Andrew, help me out.
Why would you do that and incurr PayPal fees and the 3 to 4 day wait?

I can go online to my Bank and transfer instantaneously between
my Business and Personal accounts and incurr NO fees.
Or I can do it at the bank in person.

I am confused as to the benefit of your method and the reason.