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When you transfer money to an online account, such as PayPal...? - Printable Version

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When you transfer money to an online account, such as PayPal...? - Andy - 04-21-2014 10:29 PM

...or an online shopping website, currency exchange website, money sending website, etc, is the money actually taken out of your bank account & sent to an account the Companies hold when you transfer money to an online account?? Or does the money only get transferred out of your bank account once a transaction takes place when you buy/sell something or transfer money??


- Srikanta The Boss - 04-21-2014 10:39 PM

ur money is transfered to paypal accounrt and after you receives the items the money is transfer to the seller account...


- Mike - 04-21-2014 10:47 PM

funds are actually transferred to the on line site, Like Pay Pal, and then can be used for purchases.