Sunday, March 3, 2013
Can I Pay through PayPal without Confirming My Debit Card?
Account Setup
To set up a PayPal account, you must link to a debit card, credit card or bank account, and you must confirm the account you link. If you linked a debit card, then you must confirm that source of payment. You can also open a PayPal account by using MoneyPak to deposit money. MoneyPak is a prepaid card that you can reload as needed and then use to pay for certain vendors. Once you have confirmed your source of payment or deposited money, you can begin to send and receive money and make online purchases.
Types
PayPal has three different accounts -- personal, premier and business. For the personal account, there is no transaction fee required for payments received through PayPal balance, PayPal instant transfer or PayPal eCheck, but the premier account incurs fees when you receive payments. If you have a premium account, you can apply for a PayPal ATM/Debit card, which provides direct access to funds in your PayPal account. Business accounts allow multiple users to access the same account and can also operate under the same business name.
Online Purchases
You can access your PayPal account for payments from any vendor that accepts PayPal by visiting the site of the product you wish to buy. When you select PayPal as your payment option, the PayPal window will display. You will then be able to log in to your PayPal account, select your payment options and approve the payment amount. After you confirm your payment with PayPal, you will be redirected to the vendor site to finalize your purchase. You then receive a confirmation email from PayPal stating that money is withdrawn from your account.
Money Transfers
You can also send money to family and friends through PayPal, as long as they own an email address or a mobile number. You enter the amount you wish to send, along with the country's currency and click 'Purchase.' PayPal sends an email or text telling the recipient that you sent money. The recipient must then log in to their PayPal account and transfer it to their bank or request a check. Transferring money to the bank electronically via PayPal takes about three to four days; a check, which costs $1.50, takes about seven days to process. If the recipient has a debit card, she can use her debit card to access the money immediately.
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