New to the community? Welcome! Please read our Community Rules and Guidelines
Join the live Q&A with our Community moderator team Wednesdays, 1-2pm PT (4-5pm ET) and Fridays, 4-5pm GMT. Learn more in Community Events
Had £52.99 taken from my bank account under name of JPMC RE PAYPAL NTL LTD, NOT OUT OF MY PayPal account!, PayPal sUggested to contact my bank who cancelled the D/D and refunded...so how more people may not have noticed this...all need to be warned...and change password may help?
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.
If you have cancelled it then you won't be able to use your bank account to fund paypal payments to sellers.
Sometimes it does not coincide with the date you made the payment as paypal CREDIT the seller in advance and then paypal wait for the funds to transfer from your bank account, they can 'leave' that account at anytime from a few hours up to a few days later. Also the 'amount' can sometimes not be recognised if you used it as a part-payment with the rest coming from funds already in your paypal balance.
Log in to your paypal account and go to wallet.
On the left hand side you will see "Funding source"
On mine it has my credit card, my debit card and also my bank details.
Click on the bank details and if it's like mine it will say "direct debit instruction" and next to it "accepted"
I can't remember setting this up but it explains why I had £25.15 taken from my bank on the 18th December. I finally traced it back to a payment I made to "Wish" on the 12th of December.
Hope this helps