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living_in_a_bell_jar
PayPal Users: Help a Newbie Please?
I don't want to wait 2-3 days for PayPal to answer my question so I'm asking here . . .

I'm opening a PayPal account so I can shop online. I read the User Agreement, but I'm confused about the wording in regard to using a PayPal account with a bank account. Can I use my PayPal account in direct conjunction with my bank account (i.e. I make a $5 purchase on eBay using PayPal, and the $5 is deducted from my bank account)?

I don't need to know HOW to do this until after I sign up, I just need to know if it's possible.

Thanks!
Additional Details
Thanks to everyone who's answered! I have the information I need now.
                     
 




nwtobe
Yes, I do this all the time. If my PayPal balance gets low, I can use my bank account to supplement whatever is not covered by my PayPal account. Using a debit card makes the transaction go more quickly and smoothly.

For example, if what I want to purchase costs $25 and I only have $15 in my PayPal balance, I can choose to pay the entire amount from my bank or I can pay $15 from PayPal and the remainder from my bank.


bonjovigroupie
Pay Pal works just like that. If you want money drafted for an item from your bank account it will do just that. You may also add other accounts (i.e. a credit card) and it will bill the credit card for you.

You can also use your PayPal card at an ATM if you have money transferred on it.

Hope this helps.


happymommy
Yes. When I purchase using PayPal, and I use my bank account information (as opposed to the backup credit card information), it comes directly out of my bank account in the same manner a debit card would work


Kevin F
Rating
That is how it works.


Heather
You are correct. You can attach a bank account or a credit card or even both and use them interchangeably... you can also get a pay pal debit card or have them mail you a check directly :) Email me anytime if you have any questions!


glooscaps c
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Yep, I do it all the time..


Jack
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PayPal can can use either a credit card or a bank account.

If you collect funds via PayPal, you can then transfer the funds into your bank account.


?
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Yes it's called an E-Check but you will have to wait until the check clears (7-10 days) for your item to be shipped.


Besmirched Tea
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It is possible, and it is actually their preferred way to do it, over a credit card.


♥bentworth78♥®
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Yes It deducts the money from your bank acct. If your PayPal acct doesn't have any money in it, then it is automatically taken from your bank


Reaper King
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Yes. initially you will enter credit card or bank card as your main source of funding. once you complete the inital phase of that you can add your savings or checking account to act as your primary source of funding. in your account preferences you can choose what your primary source of funding will be. usually it's best to have your checking account as your main source. but really its up to you. you can add funds directly from you checking account to your paypal as well as deposit any money made from selling directly into your checking account. if you used an atm card when signing up, won't matter what your preferred source will be since it's both coming from the same place. email me with any more questions. been using Paypal for years now.


andycapp
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Yes you can but if you want to make an instant transfer you may need to back it up with a credit card. The bank transfer takes 2-3 days.


curious
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Yes, you'll be able to do that. Money comes straight out of your checking account. No fee to you. The seller is the one who incurs the pay pal fees.


fredorgeorgeweasley
When you are using Paypal, the default will be to deduct directly from your bank account. You may change the settings for an individual purchase so that it will charge to a card. If you sell something on ebay and collect money with Paypal, you have to go into paypal and transfer the funds if you want it in your bank account, or you can leave the funds in your paypal account to use on a later purchase.


Juggernaut™
the money is transferred from your checking account to the seller. if you wish, you can have money transferred into your paypal acct so that you can pay immediately and not have to wait for the wire transfer. if you have the money transferred from your checking acct, it takes about 4 days to clear to the seller


tikiboy
Rating
best advice?

dump paypal ASAP before you get screwed.

best of luck... HA!


NNY
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u transfer money from your bank account to pay pal, and then money is deducted from the pay pal account, it can take 2 days for the transfer to complete as well. so get on it.


Frances L
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Yes they deduct it from your bank account


sbravosystems
Correct. The amount is deducted when the seller recieves the payment. If you are Selling, then a 3% fee is applied.
Payments to YOU go to your paypal account, and it sits there until you login to paypal and transfer it to your bank. That is free, but it takes exactly 3-4 days.

Just hook up your bank, get verified, and be careful!
Remember to search buy-it-now items for what your looking for, then search for the best bid and Watch the item. You will want to make sure the amount is not too high at the very last 10 minutes of the auction.
You will want to watch for fast-bidding activity on the item during the last 5 minutes and when 1 minute hits, click the bid now button.

Then you should enter an amount a few dollars above what the minimum is, and count down on your watch. When it hits 10 seconds, click BID or confirm or whatever the button is. Most likely, your bid will outbid someone doing the same thing, and any other bidders will not be able to overbid you fast enough before the auction ends.

Good luck bidding!


TheOracleAtDelphi
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No, think of your paypal acct as a separate bank savings acct. You have to manually transfer money back and forth between accounts.


Andria K
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yes you can you can set up with your checking account number and bank and use it like a bank check and what you by is what you pay. Ann


gs400cww
yes, it's possible


LovingMother
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Yes! I use PayPal all of the time for online and Ebay purchases. Simply select your bank account from the list of payment options and PayPal deducts the amount from your bank account. You also have the option of sending a virtual check from your bank account, but it takes longer to process. You do NOT have to transfer money from your bank account to your PayPal account to do this and you never have to keep any balance in your PayPal account.


travis a
Rating
Yes its POssible


RO
I'm not sure if you can do it where it directly takes the cash out of your bank account. Most people assoicate a bank account so they can 'receive money from others online.

My advice to you is to sign-up for paypal, but associate your debit card with the account. That way you're bank account is still directly associated, but you don't have to tie in your bank account.


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