DIRECT DEBIT PAYMENT TO PAYPAL PAYMENT REF 5B7J2229QWSKL, MANDATE NO 0002

Beckingsfield83
Contributor
Contributor

I have various of these showing on my bank account, with the same reference. DIRECT DEBIT PAYMENT TO PAYPAL PAYMENT REF 5B7J2229QWSKL, MANDATE NO 0002

What are they for??

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@Beckingsfield83 

 

When you add a bank account to paypal it sets up the direct debit mandate so that paypal can take authorised payments for any purchases you make (or pay your Ebay fees).
No company eg water/electric can take funds from your bank account on a regular basis without that direct debit.
However the amount shown is always the ''last'' transaction / amount that you paid to a seller via paypal.


Advice is voluntary.
Kudos / Solution appreciated.
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