Pay Pal Credit

[Chad77]

I was recently apparoved for Pay Pal credit. Since then they have overdrawn my bank account because the purchases were taken out of my personal account.  When I choose Pay Pal it will not work unless they use my bank account. What am I doing wrong all I get is automated answers

[sharpiemarker]

During checkout, did you make sure to select PayPal Credit as payment method and it still went through as bank payment or was PayPal Credit option not available at all during checkout?

[Chad77]

No it was not. I just tried with Walmart and it has the tab pay with paypal credit. When I click it it will not work. It shows on my account I have credit I have never used it

[DPCreations]

When all of the required financial data for your creditworthiness and risk, PayPal Credit will be available and permitted for purchases.  PayPal will make that determination at time of purchase based on a variety of risk factors based on you personal financial situation, the product, and the merchant.

For more certainty, just use a regular plastic credit card for purchases.

[Chad77]

Ok. When I applied and was approved I assumed it was available to use. Espaecially at Walmart

[DPCreations]

It's a common misconception, that being approved for PayPal Credit means all credit is immediately and always available.  it doesn't work that way.  Just wait until a promotion purchase pops up at time of a planned payment and use it.  Actually, it wasn't even necessary to apply separately as the promotion offer pops up unexpected when a buyer meets all of the criteria, even before applying.

[sharpiemarker]

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@DPCreations wrote:

It's a common misconception, that being approved for PayPal Credit means all credit is immediately and always available.  it doesn't work that way.  Just wait until a promotion purchase pops up at time of a planned payment and use it.  Actually, it wasn't even necessary to apply separately as the promotion offer pops up unexpected when a buyer meets all of the criteria, even before applying.

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Exactly.  It's better to be offered the credit than applying for it.  Many folks who have applied for the credit line report problems using it so it's a security/risk management thing affecting the use. So yeah, @Chad77, just wait til it's offered or see if the credit line is available when you change the funding source during check out.

[Chad77]

Wow that would have been nice to know

[DPCreations]

Suggest you follow these forums for a few days before PayPal.  There is a lot to learn from others' experiences about so many different aspects of PayPal.

[sharpiemarker]

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@Chad77 wrote:

No it was not. I just tried with Walmart and it has the tab pay with paypal credit. When I click it it will not work. It shows on my account I have credit I have never used it

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Have you had your PayPal account and PayPal Credit for long?

Sometimes transactions or patterns of transactions may trigger PayPal Credit's security model during checkout and could have affected your funding options, like switching to an alternate payment method depending on the checkout flow.  PayPal Log in or clicking PayPal Credit like you did.

I suggest that in the future when you attempt to make a purchase with PayPal Credit is to ensure you have a back up source that can cover your purchases in case it doesn't go through on PayPal Credit. And/or checkout via PayPal log in instead (Walmart.com has that capability) and see if the option to use PayPal Credit method is available to you or not on review your information page, that way you can switch to alternate source or back out of the transaction. PayPal reserves the right to restrict your ability to use PayPal Credit depending on the circumstances of each purchase.