Passbook bank account can be use to get verified paypal account?
@honestnewbie1 (83)
Philippines
February 20, 2010 4:04am CST
Hello friends hope somebody can help me.I want to withdraw my cash balance from Paypal account to my local bank using passbook, once I withdrawn the money can I get verified in Paypal? Thank you.
3 responses
@PocketRocketsAA (628)
• Philippines
20 Feb 10
Hello there! I'm from the Philippines too! You can certainly withdraw your Paypal money through your savings or passbook account. But before you can you have to verify your Paypal account first. To verify your account, you need to link your Paypal to your savings account. After doing this Paypal will then send a small deposit to your bank account. The amount they send serves like a "verification." Once you have received the deposit you then need to verify with Paypal that you received what they sent. After this your Paypal account will be verified!
@PocketRocketsAA (628)
• Philippines
20 Feb 10
Yes, they will deposit it to your account. They have fees for that though, in our case it's 3.2% + P15.00.
@Tina83 (1223)
• India
20 Feb 10
Let me clarify the thing,actually i was unverified but transfered about 1600$ last year.Now after the paypal problem ,Paypal decided to provide the transfer facilty to bank only to verified accounts but yes they made it easy also.Just connect your bank account with your paypal account, after the step , Paypal will send 2 small amount in your bank account which will reach your passbook within 4-6 days.Now after checking the amount in your passbook, you have to Login to your paypal ccount and write that.Your verification process is been completed now and you can withdraw any amount from your paypal account.Hope this helps.
@honestnewbie1 (83)
• Philippines
21 Feb 10
Thank you so much! This information is very beneficial to me.
@shambhukumar (763)
• India
20 Feb 10
no need to verify your paypal account initially.but if you want more amount of transaction then you will have to verify your account. i got same problem when i had first payout about 18$ they said to verify my account. i submitted scanned copy of id proof and address proof. after then they verified my account now i have added my debit card to paypal to buy domain name.
