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  #3  
Old 05-15-2004, 09:37 AM
Dean
Guest
 
Posts: n/a
Default Re: Newbie Question: eBay PayPal Accounts

John, that sounds like a good solution.

Many thanks.
Dean

"John DeMastri" <john[at]nospam.demastri.dot.com> wrote in message
news:uZZAXJfOEHA.3896[at]TK2MSFTNGP12.phx.gbl...
- quote -

> I have a PayPal account set up similar to a checking account.
> Purchases via PayPal are payments from this account, and have the proper
> category "Computer Gear" or whatever.
> Payments received via PayPal are credits to this account, and, again, have
> the proper category "Computer Gear" or whatever.
> Transfers between the PayPal account and my funding checking or credit

cards
> are just that, transfers and handled as usual.
> Before I set up the PayPal account in Money, and PayPal was just a Payee
> used in other accounts, I had the same problems. This makes it much

easier,
> and easier to manage all the eBay/PayPal fees, too.
> Good luck - John
> "Dean" <No_Person[at]NoISP.com> wrote in message
> news:c835r4$v6b$1[at]news7.svr.pol.co.uk...
> > > "Bonnie Synhorst --MVP" <bjclarinet[at]hotmail.com> wrote in message

> > news:%23tccnwcOEHA.628[at]TK2MSFTNGP11.phx.gbl...
> > > How do you get the money paid to you via PayPal? Is it deposited into

a
> > > checkings or savings account?
> > > The money paid to me is transferred directly into my PayPal account. I

can
> > then use this money for my own payments or transfer (withdraw) this

money
> > into a bank account.
> > > I would lean toward entering the transactions
> > > into the accounts they are deposited into and categorize them as being

> > from
> > > PayPal, or put a notation in the memo field.
> > > But this is the problem. If I sell an item on eBay and someone pays me

by
> > PayPal their money is paid directly into my PayPal account. But if I buy

> an
> > item using PayPal one of two possibilities occurs:
> > > 1. If there are sufficient funds in my PayPal account the money is

> > transferred into the sellers PayPal account.
> > > 2. If there are insufficient funds in my PayPal account the payment

is
> > debited from my credit card.
> > > So should I enter the transaction as a PayPal payment or a credi card

> > payment?
> > > Thanks for your comments.
> > > Dean
> > > > > > "Dean" <No_Person[at]NoISP.com> wrote in message
> > > news:c82ggg$g1t$1[at]newsg3.svr.pol.co.uk...
> > > > I'm a new Money user (2003 ed.) Can someone advise me how
> > > > to deal with an eBay PayPal account? I was initially showing PayPal
> > > payments
> > > > made on eBay through my credit card account but this doesn't work

for
> > > > payments received.
> > > > > > > I assume I would be better setting up a separate PayPal account in

> Money
> > > but
> > > > how do I work this with my credit card account?
> > > > > > > If this query is dealt with in an FAQ can someone point me to it?
> > > > > > > Thanks.
> > > > > > > Dean
> > > > > > > > > > >

  #2  
Old 05-14-2004, 08:28 PM
John DeMastri
Guest
 
Posts: n/a
Default Re: Newbie Question: eBay PayPal Accounts

I have a PayPal account set up similar to a checking account.

Purchases via PayPal are payments from this account, and have the proper
category "Computer Gear" or whatever.
Payments received via PayPal are credits to this account, and, again, have
the proper category "Computer Gear" or whatever.

Transfers between the PayPal account and my funding checking or credit cards
are just that, transfers and handled as usual.

Before I set up the PayPal account in Money, and PayPal was just a Payee
used in other accounts, I had the same problems. This makes it much easier,
and easier to manage all the eBay/PayPal fees, too.

Good luck - John


"Dean" <No_Person[at]NoISP.com> wrote in message
news:c835r4$v6b$1[at]news7.svr.pol.co.uk...
- quote -

> "Bonnie Synhorst --MVP" <bjclarinet[at]hotmail.com> wrote in message
> news:%23tccnwcOEHA.628[at]TK2MSFTNGP11.phx.gbl...
> > How do you get the money paid to you via PayPal? Is it deposited into a
> > checkings or savings account?

> The money paid to me is transferred directly into my PayPal account. I can
> then use this money for my own payments or transfer (withdraw) this money
> into a bank account.
> I would lean toward entering the transactions
> > into the accounts they are deposited into and categorize them as being

> from
> > PayPal, or put a notation in the memo field.

> But this is the problem. If I sell an item on eBay and someone pays me by
> PayPal their money is paid directly into my PayPal account. But if I buy

an
> item using PayPal one of two possibilities occurs:
> 1. If there are sufficient funds in my PayPal account the money is
> transferred into the sellers PayPal account.
> 2. If there are insufficient funds in my PayPal account the payment is
> debited from my credit card.
> So should I enter the transaction as a PayPal payment or a credi card
> payment?
> Thanks for your comments.
> Dean
> > > "Dean" <No_Person[at]NoISP.com> wrote in message

> > news:c82ggg$g1t$1[at]newsg3.svr.pol.co.uk...
> > > I'm a new Money user (2003 ed.) Can someone advise me how
> > > to deal with an eBay PayPal account? I was initially showing PayPal

> > payments
> > > made on eBay through my credit card account but this doesn't work for
> > > payments received.
> > > > > I assume I would be better setting up a separate PayPal account in

Money
> > but
> > > how do I work this with my credit card account?
> > > > > If this query is dealt with in an FAQ can someone point me to it?
> > > > > Thanks.
> > > > > Dean
> > > > >

  #1  
Old 05-14-2004, 07:14 PM
Dean
Guest
 
Posts: n/a
Default Re: Newbie Question: eBay PayPal Accounts


"Bonnie Synhorst --MVP" <bjclarinet[at]hotmail.com> wrote in message
news:%23tccnwcOEHA.628[at]TK2MSFTNGP11.phx.gbl...
- quote -

> How do you get the money paid to you via PayPal? Is it deposited into a
> checkings or savings account?


The money paid to me is transferred directly into my PayPal account. I can
then use this money for my own payments or transfer (withdraw) this money
into a bank account.

I would lean toward entering the transactions
- quote -

> into the accounts they are deposited into and categorize them as being
from
> PayPal, or put a notation in the memo field.


But this is the problem. If I sell an item on eBay and someone pays me by
PayPal their money is paid directly into my PayPal account. But if I buy an
item using PayPal one of two possibilities occurs:

1. If there are sufficient funds in my PayPal account the money is
transferred into the sellers PayPal account.

2. If there are insufficient funds in my PayPal account the payment is
debited from my credit card.

So should I enter the transaction as a PayPal payment or a credi card
payment?

Thanks for your comments.

Dean

- quote -

> "Dean" <No_Person[at]NoISP.com> wrote in message
> news:c82ggg$g1t$1[at]newsg3.svr.pol.co.uk...
> > I'm a new Money user (2003 ed.) Can someone advise me how
> > to deal with an eBay PayPal account? I was initially showing PayPal

> payments
> > made on eBay through my credit card account but this doesn't work for
> > payments received.
> > > I assume I would be better setting up a separate PayPal account in Money

> but
> > how do I work this with my credit card account?
> > > If this query is dealt with in an FAQ can someone point me to it?
> > > Thanks.
> > > Dean

>

 
Old 05-14-2004, 03:57 PM
Bonnie Synhorst --MVP
Guest
 
Posts: n/a
Default Re: Newbie Question: eBay PayPal Accounts

How do you get the money paid to you via PayPal? Is it deposited into a
checkings or savings account? I would lean toward entering the transactions
into the accounts they are deposited into and categorize them as being from
PayPal, or put a notation in the memo field.

"Dean" <No_Person[at]NoISP.com> wrote in message
news:c82ggg$g1t$1[at]newsg3.svr.pol.co.uk...
- quote -

> I'm a new Money user (2003 ed.) Can someone advise me how
> to deal with an eBay PayPal account? I was initially showing PayPal

payments
> made on eBay through my credit card account but this doesn't work for
> payments received.
> I assume I would be better setting up a separate PayPal account in Money

but
> how do I work this with my credit card account?
> If this query is dealt with in an FAQ can someone point me to it?
> Thanks.
> Dean



  #-1  
Old 05-14-2004, 01:10 PM
Dean
Guest
 
Posts: n/a
Default Newbie Question: eBay PayPal Accounts

I'm a new Money user (2003 ed.) Can someone advise me how
to deal with an eBay PayPal account? I was initially showing PayPal payments
made on eBay through my credit card account but this doesn't work for
payments received.

I assume I would be better setting up a separate PayPal account in Money but
how do I work this with my credit card account?

If this query is dealt with in an FAQ can someone point me to it?

Thanks.

Dean


 

Tags
accounts, ebay, newbie, paypal, question
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