Deposit buttons and charitable donations PayPal transfers are being used for more than auction sites, though. Yancey Smith of Oakland, Calif., owns a house that he rents out. His tenant pays the monthly rent via PayPal. He likes the speed of the transaction compared with receiving a check in the mail, depositing it and waiting for the money to be credited to his account. Actually, transferring money from one X account to another is just as easy.
X does have an option that is almost like using a credit card.
An X checking account includes free overdraft protection and a line of credit. If you send someone more money than you have in your checking account, you automatically tap that line of credit. As a buyer, he says, either service is fine. I'll use whatever the payee is set up with. I can write a personal check on the money in my account.