question about paypal???
By xXmeganxX
@xXmeganxX (4420)
March 8, 2007 12:27pm CST
hey peeps, ive just added my bank account to my paypal account, now what i don't understand is it isaid they put money in my account or something then i verify it.... hmm
is thereanyone in UK who have done this before or any other country if you have registered your bank account and got the same message??
please can somebody explain to me what this is all about, im a little bit confused by it all!
thanks in advance for helping me! =)
4 people like this
5 responses
@gabs8513 (48686)
• United Kingdom
8 Mar 07
Yes Meg what happens is they will put a couple pennies into your Account which will verify that the Bank account is yours, which means that your Paypal is verufied and you can transfer Money from your Paypal to your Bank account.
@xXmeganxX (4420)
•
8 Mar 07
hiya gabs thanks for clarifying that. i was way too confused, LOL! i will look out for it on my statement then shortly, cheers! =) +
1 person likes this
@Kingofptw (70)
• Canada
9 Mar 07
Paypal will make 2 small deposits in your bank account,all you have to do is to write how much cash they sended you in each then your account will be verified :D
1 person likes this
@egfitz62150 (645)
• United States
8 Mar 07
Yes, they'll put like $0.43 in your account to make sure everything is working properly and that all information is correct. Once you've verified that deposit, you're good to go!
1 person likes this
@xXmeganxX (4420)
•
8 Mar 07
cool, sounds great, thanks alot for letting me know and responding! =) +
@Masterfinder (45)
•
9 Mar 07
The reason they do this is to verify your account and test you have set it up correctly. So they do a test transaction both ways, that is to send you a nominal sum that way both accounts, theirs and yours are tested.
The amount is insignificant, however they will send you a code, this will appear on the left of the amount credited column, in the same column where the detail codes of your other transactions, such as direct debits, standing orders, charge codes etc. This code is vital to your verifying your bank account, and when you login to your paypal account and go to verify it you must enter the code correctly, and doing so you acount will appear verified.
This is vital if you want to withdraw money from your account, and whilst it takes 5-10 days for verification, withdrawing money also takes the same time, so remember that if you are counting on it, to pay a specific bill from your bank account, you will not know its arrived in your account until you actually see it in your online or physical bank statement, I constantly had this problem and I'm a featured power seller.
Any questions message me.
Take care
Chris
@xXmeganxX (4420)
•
9 Mar 07
hey chris thanks alot for your explanation, im happy i know how it works now, hehe! thanks again! =) +
1 person likes this