What does PayPal MTE LTD MSP mean? and why is paypal taking money from my bank account?

dustysmama
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Contributor

I recently started using my paypal for the month of february, so you can say i'm a begginer. Im in Canada and we have these Bank card with visa or master card with the sccount to use as a pre paid credit card, basically a two in one card. So this is what I used for paying for my purchases on my paypal account. First I've added my card as a bank card but as I used it to purchase it took to long to deposit first, so then I added it as a credit card. So that worked way faster. Since then I paid for about 15 different times using it, but now theres was money tookem out of  account on two seperate occasions and two different amounts. On my bank statement it shows up as PayPal PTE LTD MPS? i'm really confused on why this happend ? If someone could help me explain, because i have no idea what this stands for. Thank you

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