PayPal information

[Madelaine Amee]

I have a question regarding PayPal. I want to close out the bank that backs up my PayPal account, I never use the bank and only pay through a credit card which is listed on my account.

So, can I close out my bank account and still use PayPal?

To those of you who just have to say "this information is available on PayPal website" ............ yes I am sure it is, but it is so much easier to just come here and hve someone tell me in words of one syllable. :icon_wink:

[villagetinker]

I do not know, I have a similar arrangement, but use a separate bank account specifically for PayPal, so I can easily monitor what is going on. At worst, you may need to sign in to your paypal account and change the banking info.

[unialimon]

Been using Paypal for a long time, don't like it anymore. I am now looking for an alternative to paypal. Know of any?

[bob47]

I have a question regarding PayPal. I want to close out the bank that backs up my PayPal account, I never use the bank and only pay through a credit card which is listed on my account.

So, can I close out my bank account and still use PayPal?

To those of you who just have to say "this information is available on PayPal website" ............ yes I am sure it is, but it is so much easier to just come here and hve someone tell me in words of one syllable. :icon_wink:

I'm quite sure that as long as you have some payment source linked to PayPal, like your credit card, you can continue to use it.

[bagboy]

If all you use PayPal for is purchases, you only need to have a valid active credit card on file. If closing your bank account cancels the card you have on file with PayPal, just go to your PayPal account, delete your card, and add a valid one. No bank account is necessary unless you borrow, transfer funds, accept funds, etc.

[Garywt]

Just be sure the credit card is listed as the primary and you can delete the bank info from your account.

[Babubhat]

Credit card is fine.

[JMintzer]

I'm quite sure that as long as you have some payment source linked to PayPal, like your credit card, you can continue to use it.

This is correct. You can delete the cancelled account, but you must have another source of payment. I'm almost positive a credit card will suffice...

[JMintzer]

Been using Paypal for a long time, don't like it anymore. I am now looking for an alternative to paypal. Know of any?

Venmo is another similar service used to transfer funds...

[EdFNJ]

From the web: Do You Need a Bank Account for PayPal? No, you don't need a bank account to sign up for PayPal or to receive payments. You can, however, connect your PayPal account to a bank account, a debit card or a credit card account for sending and receiving payments and transferring funds

[EdFNJ]

If all you use PayPal for is purchases, you only need to have a valid active credit card on file. .............. No bank account is necessary unless you borrow, transfer funds, accept funds, etc. You no longer need a bank account to receive PayPal funds or transfer funds from your account for an item you sold to someone directly or on eBay, Mercari etc. or a direct payment from a friend.A debit card or most credit cards work.

Venmo is another similar service used to transfer funds... FWIW, Venmo is part of PayPal which was created to compete with Cash App, Zelle etc. so if one hates PayPal they might consider that.

[Madelaine Amee]

Thank you all for the excellent information. I joined PayPal when you did have to have a bank account to back up your use. Things have changed.

Most grateful to everyone.

[coralway]

I have a question regarding PayPal. I want to close out the bank that backs up my PayPal account, I never use the bank and only pay through a credit card which is listed on my account.

So, can I close out my bank account and still use PayPal?

To those of you who just have to say "this information is available on PayPal website" ............ yes I am sure it is, but it is so much easier to just come here and hve someone tell me in words of one syllable. :icon_wink:






If you are saying you have a bank card (assuming a debit card) and a cc (from a different bank) - then yes, you can continue to use PayPal. If you have no listed cc on PayPal. when you check out you will be sked for a payment source.

I change my payment source often, no problem

[DaleDivine]

Thank you all for the excellent information. I joined PayPal when you did have to have a bank account to back up your use. Things have changed.

Most grateful to everyone.

When you go to pay for something like on eBay, PayPal will ask you which account you want to pay with or do you want to create a new account. Just make that your primary default account. Easy Peasy....
:welcome:

[Luggage]

Venmo is much less safer than paypal

[stevemac]

Venmo

[rsmurano]

I use PayPal for buying not for selling. You never want to link your bank or finance institution to PayPal or anything like PayPal. You need to provide PayPal a credit card for purchases but anything you sell, your money can sit in PayPal to pay for future purchases or just have them mail you a check for $1.25.
Also, watch out using PayPal when selling items unless you have your buyer use friends and family purchases. After the sale, the buyer can destroy the item they bought from you and then ask PayPal for their money back and 99% of the time, PayPal sides with the buyer, and the seller will have to refund the money and get a non-working item back.

[mkjelenbaas]

I have a question regarding PayPal. I want to close out the bank that backs up my PayPal account, I never use the bank and only pay through a credit card which is listed on my account.

So, can I close out my bank account and still use PayPal?

To those of you who just have to say "this information is available on PayPal website" ............ yes I am sure it is, but it is so much easier to just come here and hve someone tell me in words of one syllable. :icon_wink:
BUT - can you rely on info received on this site? Just saying.

[Proveone]

I have a question regarding PayPal. I want to close out the bank that backs up my PayPal account, I never use the bank and only pay through a credit card which is listed on my account.

So, can I close out my bank account and still use PayPal?

To those of you who just have to say "this information is available on PayPal website" ............ yes I am sure it is, but it is so much easier to just come here and hve someone tell me in words of one syllable. :icon_wink:
Go into your Pay Pal account and in payment method delete your bank.

[Two Bills]

As a buyer I can't t fault PayPal at all, and find it the safest way to purchase.

[merrymini]

Ebay does not use paypal anymore. They sold it and then stopped using it and compel you to use a bank account for owed payments. I had to open a separate account. The new administration is trying, or has already, made any payments on Venmo of $600 for the year reportable to the IRS. Start using cash again.

[Phpb2]

Good luck! No help from PayPal after notification of attempted hack from China. Tried to remove bank and credit card info. Ended up closing 25 year PayPal account.
Still receiving messages from them of attempted hacks and intrusions!

[Two Bills]

Ebay does not use paypal anymore. They sold it and then stopped using it and compel you to use a bank account for owed payments. I had to open a separate account. The new administration is trying, or has already, made any payments on Venmo of $600 for the year reportable to the IRS. Start using cash again.

You must have a different type of eBay account to me.
I still have the option on payment, and only use PayPal for any eBay purchase.

[DAVES]

Posts are typically all over the place. To OP YOU can get a phone number for paypal and ask them. My logo is DAVES But. DAVES said, or any other pseudo-name is good of a laugh should it not work for you.

I sold quite a bit on ebay before we moved. That was a while ago. Most people pay with paypal. Buyers will not pay loss insurance because they know paypal will always side with the buyer. A claim not delivered even with proof of delivery. A claim damaged in transit or whatever is claimed and they will take from the seller and return the money to the buyer. Returned items the seller gets to pay shipping round trip. Tax-today you must collect tax applicable to the ship to destination and pay it.

Fees to ebay tend to be high. I just bought an item from a manufacturer. He had it listed on ebay with a link to his own site. I bought it from his site and it was 5-10% cheaper.

[EdFNJ]

As a buyer I can't t fault PayPal at all, and find it the safest way to purchase. Agreed. 22 years using PayPal mostly selling on eBay (which eBay no longer uses for seller payments since they have their own direct payment system now) and have had only one problem about 15 or so years ago when a buyer claimed what I sent him was just an empty box. As you stated as a BUYER it's probably the safest way to go because buyers are NEVER wrong even if they are.

[spinner1001]

Good luck! No help from PayPal after notification of attempted hack from China. Tried to remove bank and credit card info. Ended up closing 25 year PayPal account.
Still receiving messages from them of attempted hacks and intrusions!

The messages you receive might be phishing messages from scammers rather than real notifications from PayPal. Phishing messages try to fake you into believing they are coming from a legitimate source but are really from fraudsters (con men) trying to trick you into giving your personal or log in information.

Spam vs. Phishing - What's the Difference Between Them? | Webroot (https://www.webroot.com/us/en/resources/tips-articles/spam-vs-phishing)

To detect a phishing message, hover over the link in the message (e.g., “click here to log into your account”) and read the URL address. If the URL is not PayPal in your case, the message is likely a phishing attempt.

I get phishing messages frequently pretending to be Amazon or financial institutions that I don’t do business with. Deleting phishing messages is all one can do. They are somewhat similar to spam messages and not much to do to stop them.

[Driller703]

Been using Paypal for a long time, don't like it anymore. I am now looking for an alternative to paypal. Know of any?

Try VENMO. Works very well.

[NoMoSno]

PayPal owns Venmo.
Venmo Vs. PayPal: Which To Use And When – Forbes Advisor (https://www.forbes.com/advisor/banking/venmo-vs-paypal/)

[wiltma]

I have a question regarding PayPal. I want to close out the bank that backs up my PayPal account, I never use the bank and only pay through a credit card which is listed on my account.

So, can I close out my bank account and still use PayPal?

To those of you who just have to say "this information is available on PayPal website" ............ yes I am sure it is, but it is so much easier to just come here and hve someone tell me in words of one syllable. :icon_wink:

You can use a bank account or a credit card attached to PayPal. You can also get PayPal credit and use it

[Nell57]

The messages you receive might be phishing messages from scammers rather than real notifications from PayPal. Phishing messages try to fake you into believing they are coming from a legitimate source but are really from fraudsters (con men) trying to trick you into giving your personal or log in information.

Spam vs. Phishing - What's the Difference Between Them? | Webroot (https://www.webroot.com/us/en/resources/tips-articles/spam-vs-phishing)

To detect a phishing message, hover over the link in the message (e.g., “click here to log into your account”) and read the URL address. If the URL is not PayPal in your case, the message is likely a phishing attempt.

I get phishing messages frequently pretending to be Amazon or financial institutions that I don’t do business with. Deleting phishing messages is all one can do. They are somewhat similar to spam messages and not much to do to stop them.

Nailed it! That’s exactly what is going on. There are two more things you can do to protect yourself.
1. Never click on any link in an email notification.Do even more than delete it….. Move it to JUNK. (On Mac’s, I’m sure androids have a similar file) After two trips to JUNK your computer will recognize this and automatically JUNK this type of phishing.
2. For any site where you do financial transactions, always go directly to that site. Sign on, you will find out there if is any problem with your account.

[jimkerr]

I have a question regarding PayPal. I want to close out the bank that backs up my PayPal account, I never use the bank and only pay through a credit card which is listed on my account.

So, can I close out my bank account and still use PayPal?

To those of you who just have to say "this information is available on PayPal website" ............ yes I am sure it is, but it is so much easier to just come here and hve someone tell me in words of one syllable. :icon_wink:

Log in to PayPal. Click “wallet” at the top, click on the credit card you want to remove on the left, scroll down and select remove card. That’s all there is to it.

[DonnaNi4os]

If you were using PayPal to sell on Amazon you would need to keep it open. But since you only use it for purchases and you use your credit card for them you shouldn’t have to do anything.

[EdFNJ]

If you were using PayPal to sell on Amazon you would need to keep it open. But since you only use it for purchases and you use your credit card for them you shouldn’t have to do anything. You must mean eBay because Amazon doesn't take PayPal. However ebay no longer uses PayPal to PAY a seller. They have their own service now so that wouldn't matter either. You can still BUY with PayPal but they no longer use PayPal to PAY a seller but when they did you still didn't need a bank account because they would pay to a debit or some credit cards.