Paypal

[Taz]

What does the option "Request Money" do? I don't want to try it yet because I don't know what to do. When we enter a friends email, what happens?

 

[Ascent]

Requesting money is just that, requesting money. You input the user's email, put the amount of money you're requesting, click send, and PayPal will send them an email saying that you want x amount of money from them.

 

[Taz]

What happens next? What if they don't have a paypal?

 

[Ascent]

If they don't have a PayPal account, PayPal will still send an email anyways. They will have to register a PayPal account if they want to take action.

 

[Taz]

But if they register a new account, how will I get the money I requested?

 

[JayJACKEL!]

It's not an instant transaction.

They have to pay the money for you to receive it, the same way a bank transaction works.

You can't withdraw cash without having money in there in the first place.

 

[Taz]

Oh, so if I request Jay 500, it will take it from his?

 

[juststeven]

No it will ask him first.

 

[Taz]

Yeah. Will it take it from his bank or what?

 

[JayJACKEL!]

Not unless I accept it.

I have to manually accept the request and have the cash available.

It's not like a loan, the other person has to have the cash in their account or bank (if it's linked to the account), and then they have to accept the request. Only then will the money be sent.

 

[Taz]

So you accept it and you have 1 cent in your bank or paypal but I request 500 dollars. What will happen?

 

[JayJACKEL!]

Say insufficient funds and the request won't be done.

 

[Taz]

Oh, that's all I need to know. Thanks everybody.

 

[Ascent]

But if they register a new account, how will I get the money I requested?

They have to respond to the money request. They can respond by paying up the amount you requested, or declining / ignoring it. Obviously when you request money, you're not automatically going to get it from them.

 

[Rich Edmonds]

They don't have to register an account. You can pay through PayPal with using just your card details and they can act simply as a gateway. Should they pay via card and they do have insufficient funds available then they will either enter arranged over-draft or their bank will throw a wobbly. If they have a PayPal account, they can use what funds they have available before their attached card/bank details are used.

 

[Taz]

Alright, thank you everybody.