Chat with our moderator team every Wednesday between 1-2pm PT (4-5pm ET). Learn more in Community Events
I was just hoping someone could help me figure out how to change my primary payment method. It seems to be set by default to my bank account, but i want to pay via a card instead. Is there some way to change the primary/default payment method? Thanks in advance.
You can't. I've been trying in vain to do this myself. PayPal simply won't allow it. And their help topics are freakin' useless. They evade and steer you to things you don't want, but you CANNOT GET A STRAIGHT ANSWER OUT OF THEM about this. It's their "dirty little secret". Once they have your bank account on file, that's it. The best you can do is change the payment method every time you use PayPal.
I have a reasonably high balance in my linked account and I always worry I'll wake up and read how PayPal got hacked. Or some tosser in their data center left a hard drive on a bus seat and it contained thousands of users' account information. Hey - if it can happen to MI-5 it can happen to PayPal!
Log in to your PayPal account.
Click Profile at the top of the page.
Click the Pay List link in the Financial Information column.
Click on the biller in the Merchant box.
Click the Change link to change your backup funding source.
Alternatively, to change/block payment method for all vendors in one go, click the 'Set Available Funding Sources' once the list of merchants is displayed.
Click on profile.
Click on credit card under the financial column.
Click the edit button for the desired credit card.
Click the box at the top that says you want to make it the primary payment method.
Re add your credit card security code.
Can you verify that you have tested this? The language on the web page makes it seem like all you are doing is making a particular credit card the first backup funding source *after* your balance and your linked bank account, if you have either. My understanding about the sequence in which PP funds your transactions is this (all from sections 3.2 and 3.3 of the PP User Agreement):
2. Instant Transfer from the Account Holder’s bank account (if set up as a payment source)
3. PayPal Buyer Credit, Bill Me Later or PayPal Plus Credit Card (if set up as a payment source)
4. Debit card on file
5. Credit card on file
(continued in next message)
As others have indicated, you can usually change your payment method each time during checkout, on the "Review Your Payment" page. You can also change your default payment method in other limited circumstanes:
PayPal will always use a PayPal Account Holder’s Balance first, even if the Account Holder selects a different payment method for a purchase, unless you've indicated that a PayPal credit product as your preferred funding method.
In my experience, if you want PP taking money from your credit card instead of your bank account, either don't link your bank account in the first place, or change your funding method on each transaction. Be aware, though, that in the U.S., at least, your account cannot be in Verified status without linking your bank account. A Verified account status removes a lot of limits (sending, receiving, withdrawing) on your account.
You cannot change from a bank account to a credit card as your default payment method. PayPal simply does not allow that. What you can do is register a credit card as a secondary payment method and then change your payment method for each transaction you make with PayPal, on a payment-by-payment basis.