Does paypal need your bank info to conference

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Michael said PayPal does under some circumstances ask for that information if users want to instantly confirm their bank accounts. PayPal only asks that question – which is optional – when users are signed in to PayPal as a way to confirm a bank account instantly. Users may opt to use a different confirmation method that takes longer.

Full
Answer

Do I need a bank account to use PayPal?

No, you don’t need a bank account to sign up for PayPal or to receive payments. You can, however, connect your PayPal account to a bank account, a debit card or a credit card account for sending and receiving payments and transferring funds. PayPal Cash and Cash Plus Accounts.

Why does PayPal ask for information about my bank account?

Michael said PayPal does under some circumstances ask for that information if users want to instantly confirm their bank accounts. PayPal only asks that question – which is optional – when users are signed in to PayPal as a way to confirm a bank account instantly. Users may opt to use a different confirmation method that takes longer.

Is PayPal a bank?

And it was one of the first companies to make it possible for people to easily and securely shop online and send money to people electronically. Although PayPal is not a bank, it partners with banks—like The Bancorp Bank and Synchrony Bank—to offer various products like debit cards, prepaid cards, credit cards and lines of credit.

Should I give PayPal all my personal information?

I love how the people who obviously work for paypal respond to these questions. “You shouldn’t have any problem at all giving us all your personal information…..”

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Does PayPal need your bank information?

Do You Need a Bank Account for PayPal? No, you don’t need a bank account to sign up for PayPal or to receive payments. You can, however, connect your PayPal account to a bank account, a debit card or a credit card account for sending and receiving payments and transferring funds.


What are the requirements you must meet to use PayPal?

There are few things required for setting up a PayPal account. This includes an already existing credit or debit card, recent bank statements for verification, and a photo ID like a passport or any other government-issued identification card.


Is it safe to attach bank account to PayPal?

Don’t link your PayPal account to your bank account or debit card account. “If your PayPal account is compromised, it’s money taken directly out of your bank account.


Will PayPal cover me if I get scammed?

Buyer protection ensures you get what you pay for. When something goes wrong with your eligible transactions, PayPal Buyer Protection has you covered. Get a full refund if an eligible order isn’t significantly as described, or doesn’t arrive at your doorstep.


Does PayPal refund money if scammed?

Protection you can count on. If you don’t receive the item that you ordered, or it shows up significantly different from its description, you may qualify for Purchase Protection, and we’ll reimburse you for the full purchase price plus any original shipping costs, subject to terms and limitations.


Is using a debit card safe with PayPal?

Is it safe to use a debit card with PayPal? The fast answer is yes. PayPal is a safe and secure payment services company that gives you the ability to make payments online or in-person.


Is linking a bank account safe?

The short answer is yes, it’s safe to link bank accounts. Linking bank accounts is as safe as any other banking activity. The level of security provided depends on your bank or credit union.


Can I remove my bank account from PayPal?

After verification, you can use your bank account to withdraw money from your PayPal account. However, you can remove a bank account at any time from your PayPal account, even if you haven’t used it for verification purposes.

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