paypal verification?

@tomfade (134)
Norway
February 10, 2007 4:30pm CST
hi, I just started here on this site and just signed an account with paypal. I have registred and all, even given my account number, but to be able to transfer money to may account, do I have to verifie by credit card. This troubled me since I don,t hace a credit card right now, I was a bit young and stupid with my credit a couple of years ago, so I don,t gey a new credit card until next year.. Hopefullt some of you guys know something about paypal accounts, ang can give me your experiences about this. There must be a way to wire money from paypal without credit card verification? I,m very greatful for all responses. Tom
7 people like this
18 responses
@taramoon (740)
• Spain
10 Feb 07
Hi Tom, no you do not have to add any credit card details at the moment, i leave my money in my paypal account for rainy days, then i see how much i've got and buy a few item off ebay, which uses paypal to pay for any items i have won on the bids, i use my paypal account as an online savings account....if you ever want to withdraw your earnings from paypal you have them transfered into your usual bank account and i can also relate to your story with regards to credit cards, lol i finally got my cards back last year, but i am very careful now how i use them lol...hope my reply has been helpful have a good weekend tara
2 people like this
@tomfade (134)
• Norway
10 Feb 07
thank you, hehe, week sometimes you get carried away with those cards, but I have learned my lesson, as you have, but still I have to wait until next year. grrrr... Good idea about ebay. Maybe I,ll just bauy something. Have a great weekend you to tara
1 person likes this
@LittleMel (8742)
• Canada
10 Feb 07
If I remember correctly, I wasn't asked credit card, but bank account. I got verified after submitting the info, but then I deleted that information and use my credit card instead since I don't have money in that account anymore. What country are you from? Maybe different procedure for different country
2 people like this
@tomfade (134)
• Norway
10 Feb 07
thanks little mel. I,m from up north, Stavanger in Norway. I guess I can do the same, as I get my credit card in january 2008.
1 person likes this
@ssh123 (31073)
• India
11 Feb 07
All the information you need reg. paypal is given below. 1. You have to earn $10 before the end of the month to be eligible for payment which is generally made through paypal before 15th of next month. 2. You should open a premier account with www.paypal.com 3. You have to give credit card number to paypal to have your account verified 4. They take $1.95 as fees, but they reimburse this amount to your account, once You make transaction in paypal. 5. You have to put your email i.d. of paypal in mylot payment information. 6. You can get a cheque from paypal if the balance is $150+ 7. You can use the amount in paypal towards upfront fee of some sites 8. You can use the paypal money for purchases at ebay or some stores which honours paypal 9. You can get the money transferred to another person’s paypal account provided you are sure to get your money from that person. 10. I do not know about minimum amount to be left at paypal. 11. I received 4 times payment I withdrew all, without leaving any amount there. .
1 person likes this
• India
11 Feb 07
Buddy, you are perfectly right but regarding your point No.10 i can tell you that there need not be any minimum balance in your paypal account nor do they charge any fees like stormpay which charges monthly $1 irrespective of the balance. But as far as point No.11 can you please clarify as to how to withdrew the money. Did they send you the cheque? If so how long does it take to reach us and to get it encashed. Please enlighten me.
• Ireland
10 Feb 07
I don't think it is necessary to have a credit card as you will most likely be transferring your earnings into a bank account. Here in Ireland the minimum we can transfer is €100 ($130)and it costs €1 for the transfer. I think the pay is quite good on myLot, so it shouldn't take you too long to reach your target. Best of luck.
1 person likes this
@tomfade (134)
• Norway
10 Feb 07
thanks for your reply, I live in Norway, but I think it is the same procedures here as in Ireland. Paypal have my account number anyways, and I cab always use the money to buy something. Where in Irealnd are you from, I,ve been there many times, My dad just married a woman from Dublin, so I familiar with Irealnd. great country!!! Have a nice one, tom
@Rittings (673)
11 Feb 07
Well I don't even have a credit card, can mine works fine. I think you can verify it with a debit card also, or just give your bank account details, and that works too! But, as I said, I have never had any problems with paypal, and I don't have a credit card (I too was a little silly when I was younger and prefer to stay clear of them from now on! hehehe). If you get the answer I would be most interested in knowing the definitive version.
1 person likes this
@faraz007 (182)
• India
11 Feb 07
I myself is very new to this paypal system. Can we do online shop from paypal from free account.
• China
11 Feb 07
yes, you can do online shop from paypal from free account, but can't withdraw money from paypal.
@Cheez4 (78)
• Canada
11 Feb 07
works great for ebay too.. pretty much hassel free..
@tomfade (134)
• Norway
12 Feb 07
looks like I,m stuck to buying stuff online, but hey, that,s good. It,s my own fault i don,t have a CC right now,so that will have to do. Thanks to everyone for replying!!!!
@anup12 (4177)
• India
11 Feb 07
Yeaah I also have the same problem with paypal.I also am thinking of using it in ebay somehow.I also do not have a credit card.
@kgwat70 (13387)
• United States
11 Feb 07
No, you do not need to have a credit card account for verification purposes. You just need to have a bank account to do that and what they do to verify your account is they will deposit a couple small dollar amounts into your account and then you will have to check your bank account to see if it went through. If so, you need to remember the amounts and go back to paypal and enter those amounts and you will be paypal verified.
@KimMaple (1195)
• United States
11 Feb 07
I was only asked for Bank Account when I joined, you can add a credit card later, but to join, just need a bank account. Hope this helps and good luck.
@limosonia1 (1559)
• United States
11 Feb 07
You can transfer your funds right into you bank account without a credit card. You can be verified just through you account information. When I signed up for paypal I was leary about this so I opened and account with just 25 dollars strictly for paypal so I wouldn't lose money just in case they weren't legit. but they turned out to be. Now I have the paypal card which is great.
@bmjut247 (171)
• Philippines
11 Feb 07
i would have to agree with the advice of the person who said that he uses his paypal account for online savings. this is a good way to build funds online. if ever you want to withdraw the money, you should have your own bank account, otherwise, you can't convert it to cash. hmm... maybe we could do something about it. i've heard that there are sites that offer you to convert paypal credits to e-gold credits. then convert e-gold credits to cheques.
@abhiquest (579)
• India
11 Feb 07
I think different countries would have different regulations and procedures in this regard. But from what I can gather you need to have a bank account where you can deposit your money from Paypal.
@dbeast (1495)
• India
11 Feb 07
hey thanks for starting up this topic .it was really useful.well i dont have a credit card right now and i am really in a fix as what to do?can you guys tell me how do i use the money online?can you give a list of websites in which i can shop online.your haelp will be appreciated.
@sourav9 (122)
• India
11 Feb 07
Yes, it is true if you verified your account with credit card then you can transfer big amount of money to your account. But without credit card you have still opportunity to withdraw minimum of $500 at a time. So there is nothing to worry.
• India
11 Feb 07
You need not to have credit card. Its ok there without credit card. However you get some restrictions imposed on you without you like your sending limit will bne only100$. You can request money only when your account reaches more than 150$ etc. So don't worry whther you have CC or not but you will definitely get money when your paypal account reaches 150$. http://myweb.ecomplanet.com/onbu6193
@boeyong (256)
• Malaysia
11 Feb 07
Try to see if you have a friend in the US who will allow you to use their address to apply for a debit VISA/MasterCard as Paypal may require you to use a US-based VISA/MasterCard (debit/credit) to verify your account
• India
11 Feb 07
well credit card is jut one of the ways you may get paid... but it is not at all like this that you would definitley have to have one.... What all you can do are amongst the following three things to use the money you have earned: 1. Use a credit card to transfer the money 2. Use your bank accoun to transfer the money 3. Or the best way out is to use it online -- buy things from ebay or other online sites which use paypal to pay for your deals and shopiings..... More importantly you don't get so much money here that you would like to earn hard cash here lolzzzzzzz..... It is the satisfaction of making new friends and the talks that you get here!!
@Cheez4 (78)
• Canada
11 Feb 07
yeah i had the same problem. What I did was used my sister CC . right after you verify the CC you can add a bank account. switch your paypal account So that your bank account is the primary account and the secondary is the CC. So if you go to pay for something and you dont have enough to cover it from your bank account it will used the CC.