Anniyan: How can i make a Paypal account and credit money to account and pay from that.Is credit card reqd for that ?
I had made a paypal account from paypal site giving only my home address and e-mail address.But they are not telling clearly how to credit money to that account and withdraw from that account.Will anyone explain all those procedures in PayPal system simple terms please.I dont have a credit card or neither want to take one.
Answers and Views:
Answer by Katy R
You can use a bank account to transfer money to and from your paypal account. But I believe you NEED a credit card so you have some sort of back up in case you pay for something with your bank account and it does not go through due to insufficient funds Hope This Helps.
if you don’t have a credit card, then you need to have a verified paypal account. To do that, you need to click on “verify account” in the account system. They will send a very small transaction to your bank account (two actually) which will be used to verify that you in fact have access to your bank account. In other words, you will go to your bank and get a statement. It will have two paypal additions to your account. Log back in to paypal and give them the exact amounts of the two transactions. That verifies to them that you have access to the account. Then you can transfer money to and from your bank account to paypal. It takes 24-48 hours per transaction I believe, and it is free.
If security concerns you, consider this: Paypal is a FDIC insured banking system. Having a paypal account is the same as having a bank account with online banking. Using their system is as secure as using the system at your bank. The only security issue they have is that some people use “phishing” scams to get your password by emailing spoof emails that LOOK like paypal but are not. All you have to do if you are emailed something from paypal is do NOT click on any link. Close the email, open a browser and log in to paypal directly. Anything they email to you will be on your account as well. Hope that helps.
Answer by floweryou need to tell paypal, where is your bank account as you can move money in and out from paypal
thanks
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