Paypal ??'s

[DisneyMa]

Okay, so I have a question. I am a Pay-pal novice!! I was wondering if I could "cash out" my SR $ to a pay pal account and have the money go to my ING account? Is that what the verified bank info is? Or will they only transfer funds that I have a checking/savings to? Do transfers cost money? I read that cutting a check does.

Okay, basically any help would be appreciated! I'm so confused

[m 'n c]

Yes! I just figured this out last night.

Basically go into your ING account and pick which account you want it to go into (if you have multiple) and there should be a link called direct deposit. Click there and it will give you the routing number and account number to give paypal. Paypal will then do the 2 small deposits they do for all accounts and you will go in and verify once you receive them. It took less than 24 hours for those 2 deposits to show up in my ING Direct account so now I'm all set up and made my first transfer

Edited: tell paypal when it asks that it is a savings account.

[DisneyMa]

YEAH!!

Okay, one more question. What are the fees associated with this? Does SR, paypal or ING charge? and if so, how much.

[m 'n c]

The only fee you will have is if your paypal account is set up as a premier account. Otherwise no fees.

[DisneyMa]

The only fee you will have is if your paypal account is set up as a premier account. Otherwise no fees.

I'm going to try this tomorrow when I feel more awake

Thanks for the info. I saw a line on SR start up page for Paypal fees and thought I'd have to pay something!

[DisneyMa]

Where do I put in my paypal info at SR? Am I missing it or do I open a TT with the info? I tried to request a payment (thinking it would lead me to input paypal info) but it didn't work.

Told you I have no idea what I'm doing!