From the FAQs"
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.
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 are two ways you can use Balance Manager.
- Set up periodic transfers - Choose the amount and frequency of the transfer. Example: Transfer $100.00 every 2 weeks.
- Set a minimum amount - When your balance goes below your minimum balance, a transfer is initiated. Example: When your balance drops below $25.00, you can add $100.00.
Here's how to set up Balance Manager:
- Log in to your PayPal account.
- Click the My Account tab.
- Click Add Funds at the top of the page.
- Click Balance Manager.
- 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 click Add Funds at the top of the page.
- Click Balance Manager.
- Click Deactivate Balance Manager near the bottom of the page.
