Im 16 with a Savings account. I have a "Custodian" onto my savings account because im not 18. I have about 20$ in my paypal balance and i want to get it out. I want to get myself verified so i can get that money out. But ive read some stuff online that you need to do transactions or something? Anyway, What are the steps to becoming verified? Also, does it require taking out any money toward my savings? Because i cant do it at the bank because im not the custodian.
2007-11-25 03:10:29 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
This was my experience...
When I verified my paypal account, paypal actually deposited 2 very small amounts into my checking account. I had to wait for those transactions to show up. Once they did, I went back to paypal to enter those amounts - that's how they verify that you have access to that account.
2007-11-25 03:18:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
to substantiate your account,, Paypal makes 2 small deposits to the commercial corporation account or mastercard you used to open paypal. it may take 3-5 organization days from the time you signed up for paypal to ensue as a deposit. you want to call your economic corporation or mastercard organization and locate out both quantities that paypal deposited. The deposits are often a pair of pennies each. Your economic corporation or card organization must be acquainted with searching up deposits from paypal. Get the precise quantity of the depostits and visit "be sure account" on your paypal. it is going to then coaching guide you by. all of it would take 3-7 days to get fastened, yet once you do, you are able to have interesting finding out to purchase stuff.
2016-10-25 01:18:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can't do anything until you're 18. You are entering into a contract with Paypal by using their service, and minors cannot enter into legally binding contracts. That's why you have a custodian. You will have to ask your custodian to get the money for you.
2007-11-25 03:20:11 · answer #3 · answered by curtisports2 7 · 0⤊ 0⤋
What you need to do is input your bank info into paypal, then they deposit a small amount into your account, then you take that amount and input it into the area where they want you to get verified. But they need your bank info. Its safe, i use it for my business!
2007-11-25 03:16:45 · answer #4 · answered by JP 2 · 0⤊ 0⤋