PayPal direct debit

Al3XB
Contributor
Contributor
When I added my bank account to withdraw money from my paypal account, PayPal has set up a direct debit. Does this mean they’re going to take money out of my bank account. As I don’t want that to happen.
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kernowlass
Esteemed Advisor
Esteemed Advisor

@Al3XB 

 

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 CHOOSE TO USE THAT OPTION.

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.

iF YOU DON'T WANT TO USE YOUR BANK ACCOUNT AS A FUNDING SOURCE TO PAY SELLERS THEN.................


Click on the profile tab (icon next to log out) > Click on payments third option along on the thick blue band top of page > second down click on update next to your prefered way to pay and put a dot in one of the options listed.


Advice is voluntary.
Kudos / Solution appreciated.
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