Is it safe to verify your bank account with paypal

@syedayub (252)
India
January 25, 2011 2:26am CST
Hello friends, I have a doubt, that whether i should verify my bank account with paypal or not. I find it difficult to provide my banking details on internet, please help me guys, whether i have to verify my bank account with paypal or not. I appriceate your suggestions.
2 people like this
14 responses
@Sreekala (34312)
• India
25 Jan 11
Hello syedayub, What do you mean by verify bank with paypal? You want to verify the paypal with bank or do you want to link paypal into bank. Both are safe and should be done to the smooth process in paypal. You can link your bank account with paypal which help you to withdraw the payapal money into your bank safely. There is nothing to worry to give bank details to the paypal. We all are using paypal for getting money and linked with the bank too.
@syedayub (252)
• India
25 Jan 11
Hi Sreekala, thank you for your response, i find your response helpful to me, i heard lot about paypal but never experience, thanks once again, add me as a friend, happy mylotting.
1 person likes this
@Sreekala (34312)
• India
25 Jan 11
Please check this link and I think there may be helpful information for you. http://www.mylot.com/w/discussions/2449364.aspx
• United States
25 Jan 11
Although there are many forms of identity theft now a days there are also just as many ways to review your credit and statements. You can check your reports yourself or have help with other companies. I've had PayPal for many years, I do keep an eye on my bank accounts to make sure all transactions are authorized. I never had any problem with PayPal and trust it 110%.
@syedayub (252)
• India
26 Jan 11
well, you guys proved that i was wrong, i appricieate your opinons, hope this may all the new babies here on mylot.
@elmiko (6630)
• United States
25 Jan 11
as far as i know(they might have changed it on paypal)people don't have to verify their bank account on paypal. but if your trying to make money such as selling on ebay then people may not trust you.
@stanley777 (9402)
• Philippines
26 Jan 11
Well my friend you must have a paypal account in order to engage in buying or earning on line.Other one commonly used is also Alertpay account.You need a bank account to have your paypal account verified and once you have done so or have link to your bank account you are ready to go.Don't worry its safe to link your bank account to your paypal account.
@rojishroy (600)
• India
25 Jan 11
Hai friend, I am also from India. It is very safe to verify your paypal account with your bank account. I verified using my bank account.
@syedayub (252)
• India
25 Jan 11
hi rojishory, thank you, i got the required information.
@prsaxe (47)
• India
25 Jan 11
Hi Syed, You have misunderstood the meaning of verifying the bank a/c through PayPal, it means that when you will add a bank a/c to your PayPal a/c, then they will send a very small amount to your bank a/c. This amount you will find out by updating your a/c statement, th amount PayPal has deposited to your a/c would be reflecting there in your statement, and that amount you will have to add in your PayPal a/c for verifying your bank a/c. The verification of your bank a/c is completely safe as it declares that you are the sole owner of your a/c, and will reduce the fraud activities. So, do not be scared and go ahead to verify your bank a/c on PayPal.(PayPal is a very safe agency).
@syedayub (252)
• India
25 Jan 11
Hi prsaxe, the information that you have input for the discussion is really helpful for all the new babes, who want to make money via internet, this information may quite helpful for those who are not aware of the uses of paypal.
@youless (112481)
• Guangzhou, China
25 Jan 11
I think it is OK to verify your bank account with Paypal. At least my account was already verified. Paypal is one of the most famous paying websites. I think it will be reliable. And especially if you want to earn real money via the net, you shall not be so afraid. If you are really worried about the security so much, I suggest you verify your account with your bank account which has no more money inside. I love China
25 Jan 11
I have been with paypal for along time and although you have to verify it is safe you put in bank details then they pay in say 2 amounts below 5p and you revify the amounts bu entering them as recieved.
@thanks1961 (7035)
• India
25 Jan 11
Hi dear, It is a mandatory requirement and you need to do it. Also, once you verify your account details and confirmed, the limitation on your fund transfer also get removed. So that you can do whatever transactions. I had certain issues regarding the same and I got clarified and the verification done successfully and after two days time, my paypal balance got transferred to my bank account. It is not so complicated and for safer transaction you should do it. You can trust their transactions and as you may be aware, it is a world-wide company and you can trust them and go ahead. Thank-s
@puccagirl (7294)
• Israel
25 Jan 11
I've done it, it wasn't hard and nothing bad happened, so it is perfectly safe to do so if you need. In my case, I had to do it when withdrawing money to my bank account I think.
@ekoytyas (4679)
• Indonesia
25 Jan 11
hello brother, welcome to mylot i am from indonesia, i was become verify member of paypal 2 weeks ago. i was become verify using bank account. that was safe if you can keep your account safe.
• Bulgaria
25 Jan 11
Hello if you have some apprehension about your verify process you should open new account with which you will work only with PayPal.I think that is most secure action.In spite of PayPal is enough secure online bank and you do not worry about it. I'm sure that if you think about it more deep you'll find the right decision.Happy Earnings!
@murtaza45 (173)
• India
25 Jan 11
hii friends, very nice question to mylot friends safe banking for our security for not other bank deteals for friends some other people.your should bank for paypal for safe cover time to time check for not other see to our password and user.your user id and password to other friends safe for bank to by paypal to me.
• Latvia
25 Jan 11
Yes its safe i have my account allready varifide for month and have transfered money from pay pal to it thou qite a big procent goes for fees