PayPal quarterly payment

Ihavelostmykeys
Contributor
Contributor
Hi, I've just realised that I have quarterly payment £2.49 for PayPal and don't know what it is. I'd like to cancel this but first I must know what is it for?
Login to Me Too
3 REPLIES 3

kernowlass
Esteemed Advisor
Esteemed Advisor

@Ihavelostmykeys

 

If you mean that there is a payment for that amount in your direct debit mandate then that would be the amount that you paid to your last seller.

 

Its not quarterly.

 

When you add a bank account paypal sets up the direct debit mandate so when you pay a seller they can take the amount from your bank account via electronic transfer. So only the last time you did this would show on your online banking.

 

Its the same as other direct debits, i have one for the electric eg £259 but that is not that exact amount every quarter, its just the last time that I paid it.

 

If you cancel that direct debit then you will no longer be able to use your bank account as a funding source.


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Ihavelostmykeys
Contributor
Contributor

Thank you very much

Login to Me Too

kernowlass
Esteemed Advisor
Esteemed Advisor

@Ihavelostmykeys

 

No problem, glad i decided to log in and put your mind at ease.


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.