Using a credit card to secure funding instead of bank account?

[NoBite]

Currently, I use a checking account, backed up with a credit card, to secure PayPal funding. Is there a way to use the credit card exclusively?

[PayPal_Adrian · Accepted solution]

NoBite,

I would recommend keeping your bank account on file so that you remain Verified and enjoy continuous, uninterrupted service on your account.  Staying Verified identifies you as someone who has passed more traditional, rigorous identity checks, and allows you to send unlimited funds (per payment limits apply).

However, that doesn't mean you can't choose a card for a purchase.  When making a purchase, in the Payment Method section, click on "More Options" or "More Funding Options" to select to pay with only a card (make sure Instant Transfer is not selected).

Hope this helps,

Adrian

[NoBite]

Adrian, I think that will solve my problem! Thanks. Sorry to say I did not realize that option was available. 

I have overdrawn the checking account associated with PayPal more than once. I know a credit card backs it up, but I (stupidly) failed to realize that even though the credit card kicks in to fulfill my PayPal purchase, the account still gets overdrawn, with a overdraft fees.

Your solution should cure this issue.

[Iskra]

What if you don't have a bank account? Should I just stop using paypal then? I have a limit that I need to remove because the idea is to pay my rent with the money in my paypal account every month. I can't do that once I go over the limit. 

[temp123110-1]

Yeah, I'm late to this thread but paypal is pathetic.

I've been a continous, verified member for 10 years - but that's not "good enough" get my LOST DEBIT CARD BACK.

You lose your card, paypal tells you to cancel, won't give you a new card EVEN THOUGH I HAVE BEEN A VERIFIED MEMBER FOR 10 YEARS.

HEAR IT PAYPAL? YOU KNOW WHAT YOU CAN DO?

KISS. MY. BUTT.

[ouivalerie]

No peace of mind this way because little mistakes and the banks are charging too big....

Overdraft terrorism is no joke.

Sorry PayPal this is calling for peace of mind for me and I want to set myself up without

all this worry.  My customers need it also.

Help people PayPal, and stop associating with verified criminals who set up insane

google ad words frauds online, etc.

[300zxuser]

If I didn't have a bank account, Chase would not have given me a credit card.  What are you, nuts?  I will NEVER BE verified.  I have $12.00 in my bank account, but I have available $10,000.00 on my card.  Now which would you prefer?

[Watchout]

That's not absolutely  true.  I have a Chase credit card but no longer have a bank account with them.  I normally have no more than $50 at end of pay cycle and that has never affected me in getting verified.

Why won't they verify your Chase bank account?  Why not put the credit card on as back up? Paypal has no way of knowing how much available credit you have so when you ask the question, Which would you prefer?  The answer is always the same, we have policies.  Policies may not always make sense but they are put into place to provide structure for both the company and the consumer.

Good luck with your issue with Ebay/Paypal

[300zxuser]

My answer to your second paragraph will also answer your first paragraph.   I am sorry you felt the implication was there that I had or may have had a Chase bank account.  NO, I never did.  Too easy for them to grab funds from my

personal account.  So that leaves the BANK credit card as a back up, not an option.  Pay pal has no need to know how much credit I have available.   I am aware of your policies and prodcedures, however every time you debit my credit card they charge you any where up to 3% and I am positive that is why you want my to "COMFIRM"  my account.

I have heard so many horror stories that pay pal has withdrawn money  without ones' knowledge only to cause an over draft, which also creates and overdraft charge of $30.00.  While I keep a sufficient amount of money in my account to NEVER have had an overdraft, just the thought of someone (pay pal) going into my account without my knowledge gives me shivers. (that is without and card backup)

Hey, I have an idea!  Why not as an option associate pay pal with the credit bureaus and for a  paltry $1.50 they can get  3 credit reports?  My score is upwards of 800 and that my friend is enough to convince anyone of my credit worthiness.  But alas, all pay pay wants to do is get away from being charged up to 3%.  No brainer.

Your policies and procedures is enough to DRIVE me away and isn't that the purpose in the first place?  To get me to spend money?  Without me and millions like me, I can't concieve of you even having a business.  No more selling for me.  I will let other chumps pay all the fees.  I just went through a selling spree on ebay and while my items sold well, the amount of money you and ebay took, left me with half the income I generated.  Not good.  I suggest you reasses

your policies and procedures as many more people feel the way I do.  Many more do NOT know you are charged when you withdraw from a credit card.  Good luck!!!  And so long......................

[Watchout]

I don't work for Ebay/Paypal so they are not my policies.  Also, you are the one that implied you had a bank account.  You might want to proof your post to make sure it is clear and concise.  "If I didn't have a bank account, Chase would not have given me a credit card.  What are you, nuts?"

I just sold an item on Ebay and I read the disclores for fee's.  It was pretty clear and upfront this is not a FREE seller service.  You might want to try and sell your item's locally or craigslist if you don't want to pay the fee's.

I listed brand new tires on my local newspaper website and within 24 hours they were picked up and paid cash.  I did the same with a Gameboy Advance SP and within 48 hours picked up and paid cash.

I really don't like Ebay and prefer Amazon for all my purchases.  I'm a Prime Member and get 2 day free shipping.  Saves me hunred's of dollars in inflated shipping cost.  A lot of Ebay seller's inflate and make profit on shipping. 

Good luck in your endeavors!