E-Check

[meetball]

What is an  E-check  payment to a merchant and the difference from a regular payment

[PayPal_Lilly]

Hello meetball!

Great question!

An eCheck is an electronic funds transfer from your bank to another customer's PayPal account.  With an eCheck, the recipient receives the money within 3-5 business days.

With say, an instant transfer, the recipient receives the funds right away. 

To have Instant transfer as an option, you will need to add a second funding source, such as a credit card to your account.  The reason for this is, if we are unable to debit the funds from the bank, we will use the credit card.

Hope this helps!

[kcauman]

Please help me out I paid for something on eBay w/ an echeck and I not sure if that was the correct option. Now I don't know if I am supposed to add money for the echeck to my paypal balance or if it will automatically be pulled out of my account????? DO I ADD FUNDS OR WILL PAYPAL DO THAT???Just don't want to deduct the amount twice. NARF!

[PayPal_Lilly]

Hello kcauman!

Thanks for stopping by!

Once you have initiated an echeck, it will automatically pull the funds from your bank account.  Your seller also receives notification & it will appear in his PayPal account that the payment is processing. 

Hope this helps!

Lilly

[webleedgreen]

Hello,

I made a payment by e-check which is currently pending.  I have since added a Debit card to have instant payments. Can the pending payment now be processed as an instant payment.  If so, how do I do that?  thanks,

[PayPal_Lilly]

Hello webleedgreen!

Welcome to the forums!

Once the payment is processing, we are unable to change it to a instant transfer.  The good news is--now that you have the debit card also on your account, all future transactions should be able to go through as instant payments! 

Hope this helps!

Lilly