Hi baldy456,
I’m glad you contacted in today to get this clarified. An eCheque is an electronic funds transfer that moves money directly from your bank account, through your PayPal account, into another user's PayPal account. It's just like writing a cheque, only it’s done electronically.
An eCheque payment will always take the full payment amount from your bank account and doesn't use any money from your PayPal balance. eCheque is the only way to send a payment while maintaining your PayPal balance. When you're making a payment we'll show you, under the heading of 'Funding Options', if eCheque is the selected payment method for that transaction. If you want to have the option to send instant payments, you'll need to add another payment method, like a second bank account or a credit card so it's available under the 'funding options' also. We use this bank account or credit card if we can’t get the funds from your bank.
eCheques differ from Instant Bank Transfers, as they are not instant payments. With eCheque payments, your bank account will be debited when you begin the transaction. However, the transaction status will remain pending until the recipient receives the money, 5 to 7 working days later.
To pay by eCheque, follow these steps:
1. Go to www.paypal.com/uk and log in to your PayPal account.
2. Click the Send Money tab.
3. Enter the required information and click Continue.
4. In the Payment Method section of the Review Your Payment page, click Change.
5. Select eCheque and click Continue.
6. Review the information and click Send Money to complete the transaction.
Note: You can view the expected clearing date of your eCheque by clicking on the Details link next to the transaction in your ‘History’.
I hope this info helps.
Arda
