Do paypal accept money through a savings account?

Question

Do paypal accept money through a savings account? because Im trying to buy something online but have no credit card neither a account and i was just wondering how was the other person going to recieve the money and what do i need to do?

Answer 1

You could use your savings account as a funding source. I have my savings account confirmed through PayPal. Preferably, you would want to open up a checking account on G.P. (general principle) Just so that you have a basic way to manage your money. Another thing is to get one of these http://www.accountnow.net

It's like a checking account, but you don't have togo through a credit check

How it works is that with your savings account, PayPal would send 2 small deposits that you would need to verify and confirm the amonuts on their website to make your account verified.

Then if you were going to make a purchase or send money through paypal ,then they would take the money out of your savings account in order to make the transaction

Answer 2

You can use your PayPal balance, a bank account or a credit card to fund your payments.Account Funding Options: ... Electronic Funds Transfer: Transfers funds from your bank accountTakes 3-4 business days to post to account balance ... Balance: When sending money with PayPal, the balance in your PayPal account is used firstIf you have more than one positive currency balance, the entire amount is funded from the selected currency ... If your payment is sent from a currency balance that is not open, the payment is funded with a registered credit card or bank account. ... Instant Transfer: A transfer from your bank account, backed up by a credit card or secondary bank account ... To use Instant Transfer, you must add a credit card and have a confirmed bank account on your PayPal account.You may be required to complete the Expanded Use Enrollment process before the credit card can be used as a funding source ... eCheck: A transfer from your bank account.A credit card or secondary bank account is not required for backup ... This timeframe refers to completion of the entire transfer process and not the date the funds are debited from the bank account

Answer 3

You want to pay the online seller, who is using Paypal as a payment processor!

You also have not credit card to pay.

Option is go with EFT or eCheck.

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Your banker can tell you what is best for you.
Hope your seller has not stopped accepting echecks online
due to many recent frauds by scammer using echecks.

Answer 4

Yes, they do.

Keep in mind, if you make too many withdrawals from your savings account, you will be charged a fee. Ask your bank for details.