Balance Manager allows you to keep a pre-set balance in your PayPal account. If your balance drops below the specified amount, PayPal automatically initiates an electronic funds transfer from your bank account to restore the minimum balance.
You can use Balance Manager to schedule automatic bank transfers to your PayPal account. You decide how much and how often to transfer money into your PayPal account - Balance Manager does the rest.
There are 2 ways to use Balance Manager.
Set periodic transfers: Choose the amount and frequency of the transfer.
Example: Transfer $100 every 2 weeks.
Set a minimum balance: When your balance falls below a certain amount, we automatically transfer money into your account.
Example: Transfer $100 whenever your balance drops below $25.
To set up Balance Manager, you must have a confirmed bank account linked to your PayPal account and you must also have an active PayPal Debit MasterCard®.
Here's how to set up Balance Manager:
Log in to your PayPal account.
Follow this link: https://www.paypal.com/webapps/customerprofile/summary.view
Click My Money.
Select Balance Manager from the More drop down menu on the right in the PayPal Balance section.
Select the bank account to use for the transfers.
Select Schedule regular transfers or Set a minimum amount.
Enter the required information and click Set Up.
Review your selections and click Confirm.
Here's how to deactivate Balance Manager:
Log in to your account and follow link: https://www.paypal.com/webapps/customerprofile/summary.view
Click My Money.
Select Balance Manager from the More drop down menu on the right in the PayPal Balance section.
Select Settings off, hit save.
I recommend bookmarking that link to get to the classic version of your profile settings.
Kudos & Solved are greatly appreciated. 🙂
