paypal from your bank account ??
15-09-2008, 11:35 AM
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paypal from your bank account ??
how does it work ? is it if i buy something from gaybay it then gets debited from my account ?
or is it paypal adds it all up and then takes one payment out each month ?
anyone else do this or am i opening myself up to proper fraud ???
Matt
or is it paypal adds it all up and then takes one payment out each month ?
anyone else do this or am i opening myself up to proper fraud ???
Matt
15-09-2008, 11:37 AM
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it takes it out of your account each time you pay for something!
personally, i only have paypal set up to a credit card, so that i have some sort of back up if it goes wrong!
The only reason i have my bank account on there is to transfer funds from my paypal account IN to my bank account!
personally, i only have paypal set up to a credit card, so that i have some sort of back up if it goes wrong!
The only reason i have my bank account on there is to transfer funds from my paypal account IN to my bank account!
15-09-2008, 11:37 AM
#3
Professional Waffler
it works like you said,, dont do it though,, i had my paypal setup like this, and had 1500 quid nicked from my account! set it up on a credit card!
15-09-2008, 11:44 AM
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You set Paypal up with your bank details and Paypal just act as an interneidary so you never have to give out your details to anyone directly on Ebay.
If you have money in your paypal account (you've sold stuff yourself etc) it always uses that first and any addition money will be debited from your own account.
Simply if you have £25 in your paypal account and brought something for £30, only a fiver would come out of your personal account.
You can also put money into Paypal from you current account as well, but I don't personally do it.
From my experience the money is deducted straight away (within the usual two to three days) and not taken out in one hit at the end of the month....... that would suck.
But I agree with the others.......... set it up using a credit card, just in case.....!!!!
I hope that helps.
If you have money in your paypal account (you've sold stuff yourself etc) it always uses that first and any addition money will be debited from your own account.
Simply if you have £25 in your paypal account and brought something for £30, only a fiver would come out of your personal account.
You can also put money into Paypal from you current account as well, but I don't personally do it.
From my experience the money is deducted straight away (within the usual two to three days) and not taken out in one hit at the end of the month....... that would suck.
But I agree with the others.......... set it up using a credit card, just in case.....!!!!
I hope that helps.
Last edited by R7BKR; 15-09-2008 at 11:46 AM. Reason: missed a comment
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