View Full Version : Paypal..............
I am checking the rates online as I draw money out and its about .2 - .5 higher than the street. The limit is 10,000 pesos a day here which is more than I need. Better than carrying cash. :D
jd_mine
05-27-2005, 01:48 PM
Explain this Paypal thing please?? How does this it work, what do you do with it in relation to DR???
It is an ATM card and it gets money from your checking account. When I take money from it I get a dollar fee and a higher rate than my regular bank gives me.
guttaman
05-27-2005, 06:26 PM
I thought the bank that owns the ATM in the DR sets the rate.
I thought the bank that owns the ATM in the DR sets the rate.
Nope, your bank does.
You kind of explained this to me before, but is there a link or a more detailed explanation somewhere? I looked at paypal.com, but I am not sure of where you get the ATM card.
Nevermind, it looks like you have to get a paypal premier account, here is the link
Paypal accounts (https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/general/PaypalAccountTypes-outside)
guttaman
05-27-2005, 10:45 PM
OK, i have a premier account and just found the link on my account page. Said it will take 2 to 4 weeks to get approved and get card. Also electronic transfer of money from my checking account to paypal account will take 3 to 4 days. Can have it done instantly but it will cost a percentage. I think it is 2.9% just like the the receiving fee in a regular transaction. JDR, stop by the Shark Bar and explain this to Big Lou. I did not know about the ATM card. I think i told him he could only use his checking account and ATM card from the US. Thanks, Boston Jim
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