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I simply wanted to transfer some money in my Paypool to my bank account. After following instructions, I received one email saying I've set up a Direct Debit which I do not want and can't see on my bank account another email saying I have "lifted my Paypal transfer limit" - what does that mean?
Solved! Go to Solution.
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.
You have lifted your limits as you have verified your paypal account by adding that bank account.