Paypal

I dont have a paypal account but I am going to make one.
Here is my question.

Well, I am 16 and I dont have a credit card or a bank account . My question is, is do I have to enter like credit card information or bank account information to send and receive money? Can I just make the account and send and receive money? I would think you would need account information and stuff because then where would the money go when you receive it and wouldent you have to withdraw from like an account.

So my main question, is do I need to enter account information and stuff in paypal to send and receive money?

 

No, you can receive money without adding a bank account or a Credit card.

 

well, then where does the money go when you receive?

Damn it. I need to test this with someone.

 

In the mail, I would assume.

 

The thing is, is that I was going to sell something for money over paypal and I am nervous because I don't know if it will work.

I need like a test first.

Does someone want to send 1 Cent to [email protected]?

 

lol paypal is like a virtual bank
it says there
but you can get the money out in a check i believe

 

well, i still wanna test. can some1 send me 1 cent?

 

dude it will work u scaredy cat
im like 13 it worked fine for me

 

Yes I am a scardy kat but I still want 1 cent

 

got an easy 1 for you. dont be a lazy bum go open a bank account. your gonna need 1 later in life, you might aswell open one now.

 

UR 13!!!???!!?!?!?

 

well i cant open one this instant.

and 1 cent ne1?

 

sorry i dont have american currency. maybe you could jsut wait until you have a bank account open.

i can confirm paypal do send out checks.

and there not exactly gonna send 1 out for 1 cent

 

well, I do have a bank account, but my parents wont let me use it with paypal. So just want a cent, thaz my last request.

 

paypal charge 30p (GBP) for any transaction made under £50 (GBP) i belive, therfore meaning you wouldnt recive the 1 cent to start with.