Paypal & CapitalOne 360

[CHorvath1]

I currently have a personal PayPal account, and linked bank account.  I'm starting a new home based business, and will be opening a PayPal account for that (I think?  Can I have 2?).  My bank of choice was going to be CapitalOne 360, but in searching for reviews, and C1/PP compatibility, all I've found to date are mixed commentary on PayPal not accepting CapitalOne 360 - doesn't work for most people, does work for some people, and the most recent is over a year old.

Does anyone know anything more?  Thanks...

[sharpiemarker · Accepted solution]

@CHorvath1 

If PayPal blocks it, ask them to add it for you. Virtual banks generally have low performance with PayPal because if something happens with a transfer, it would be difficult to trace. Another example, some virtual banks do not allow debits (pay out) but can accept deposits so if PayPal is verifying the bank account but can't take out their deposits they put in to validate the bank account, the bank account is rejected. Also beware of what kind of 360 bank account it is: Savings or Checking. There are certain bank regulations on how many transactions outgoing a Savings account per month may have, for example.

To contact customer service if needed:

1. Log on.
2. Click HELP at the top menu.
3. Scroll down and click CONTACT US.
4. Scroll down to click CALL US or other contact options.

Or contact via social media:

Facebook (US): https://www.facebook.com/PayPal

Facebook (Worldwide): https://www.facebook.com/paypal

Twitter (Worldwide): @AskPayPal 

(Please be patient as response time will be longer due to reduced staff/closed or limited phone lines.)

[CHorvath1]

Ok..  That sounds like a lot of potential (and unneeded) headache - I'll just go with a different bank.  Thanks much!