I just started selling on ebay/paypal, but if you're sending a paypal bill I would assume you're going to incur some sort of fee. I think you can have them send you the cash as a transfer, and not be charged, but i'm not 100 percent sure. Most I've had to wait is 3 days once a package has been received by a customer, but after either 90 days, 25 transactions, or $250 in sales they should be instant.
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