Does money received through Paypal have to be reported as Taxable Income?
Yes, it does. All income received must be reported, even income received via Paypal.According to Paypal...Starting in 2011, PayPal is required by the IRS to report the sales of goods and services for customers who, in a single year receive:More than $20,000, AND200 or more payments.The new IRS 6050W changes apply to all payment providers, including PayPal. This includes payments received after January 1, 2011, with the first reports sent to the IRS in early 2012. To clarify, both of those conditions must be met before Paypal will report that income to the IRS.For more information, check out their article: Will PayPal report my sales to the IRS? Will I receive a 1099-k?
HELP i owe a lot of money!!!!?
Poo this is your 2nd time first get your 19 dollars out of that saving account you are being hit with fees because I know the min. amount to have in a saving account is higher then that put it in a free checking account or something anyway listen as long as you got your social security number on it, it can and will be tracked by the government instead of a shoe box thing like you posted on the other question, how about buying a safe and keep your money in there because if they request a court order from the judge which the judge would set up small monthly payments due to your current money situation but they can take anything and everything to settle the debt Always have something stashed away and never duck the collection or loan people call them and explain the situation(some don't want to hear it) then write a letter send it certified & notaries to them so you can have proof in court of your attempt to work a deal out with them anyway good luck
How EXACTLY does this Turbo PayPal Money Booster Work?
Here's the website: http://paypalturbocharger.blogspot.com/ Basically they want me to pay $2.99 so I can "somehow make a lot of money." That's like a company saying "Work for us and make $1000 a week." Yeah, that's nice, but I need a wee bit more information like: What exactly is the job position? What qualifications does it need? Where will I be located? Since this is online, my main question is: "What's the job?" All I see are marketing videos about it. And I know better than to throw away money even if it's just $3. I'm here to make money not lose it. Any feedback would be amazing. Thanks and take care Xox.
If I sent money via PayPal to a wrong email address, can I withdraw the money back?
Yes, probably. Assuming the email address you sent your paypal payment to is not set up as a paypal id, it is no problem.Log on to your paypal account and look at the payment. If you sent it to a random email address without a linked paypal account, the payment will show as unclaimed. If it is unclaimed, you cancel it. There should be an option onscreen to do that.You might want to do this sooner than later because the owner of that email account got a notice from paypal saying they have a payment waiting for them and all they have to do is set up an account to claim it.If by some chance there is actually a paypal account at the address you sent the payment to, it’s going to be a little more difficult. In that case, the best idea is probably to tell the recipient you sent the money by accident and hope for them to return it.Otherwise, you will have to go through paypal and it may be a bit of a hassle. If you stated on the payment what the money was sent for, you could wait and file a claim for non delivery of the item you paid for, but I would probably call paypal customer service and see if they can do anything sooner.
What happens if I don't pay my paypal invoice on a received item?
The item took months to get here as it was lost by the postal system. Seller refunded me money. I received the item a month later. The seller now wants me to pay for the item (it was a piece of furniture that I already purchased a replacement for with the refund) or send it back and pay shipping. The item is very heavy and it would cost quite a bit to send it out. I don't really want it, but I also don't want to pay shipping charges. It's not the sellers fault really, but it also definitely isn't mine. If I ignore the sellers new invoice, what would the ramifications be?
A paypal payment can't be revoked, right?
Yes, the buyer can dispute and get his money back. If this is an exceptionally expensive item, you would want to go through an escrow service. If your PayPal account is tied to your bank account, the funds can be reversed. I saw an unauthorized purchase on my PayPal account and had it reversed. If you are not sure of this buyer, check his reviews from other buyers and sellers.
How long do I have to pay my credit back? What is the process of paying it back?
You can take as long as you want. Usually with a $300 purchase they have special "no-interest" financing for 6 mos. and they will show you when it needs to be paid back to avoid it. It also doesn't show up on your credit report which is nice if you're using a bit too much credit already. The minimum payment for PayPal is $25 per month.
How much time does PayPal take for payment processing?
It depends on the funding source used and about a billion possible security factors. On average between 1 business day and 10 business days. 10 business days being eCheck where PayPal doesn’t trust your bank account linked enough to front the money from their own account to expedite the ACH process. (Nothing you’re doing wrong, nothing your bank is doing wrong— but if they haven’t seen that bank account on your PayPal account for very long, just like any relationship, they are leery of shelling out money without knowing you/the bank a little better. Regardless of whether it’s a popularly known bank or not.)
Financial Aid and Paypal?
I'm in bit of a dilemma. Basically heres the situation: I have a paypal account which is under my Father's name (Had it opened when I was 16. At the time only my Father qualified for one) But now that I am 20 (2 years back I deleted all his financial information and replaced it with my own.) It is "my" account. The situation is this; I have a really really close friend that uses my account and links it to his ebay auctions. He sells about 10k or so every month and all the money goes into my paypal account. The only reason they can't open their own account is that the previous persons that lived at their address had an overly outstanding balance with paypal therefore PAYPAL barred all accounts that reside within that address. So basically, 10k or so goes into my account. Since my bank account is linked to paypal, I transfer all that money into my bank account(checking) and then withdraw it and transfer it into their account. My question is, will it affect my financial aid and ?