Pay Pal question

[Wang]

I've had a Pay Pal account for some time but I've never used it. I have my checking account registered and it has been verified.
Do I need to transfer money from my checking into Pay Pal, or can I just pay for my transaction straight from my checking account? If I transfer from checking into Pay Pal, their website says it takes 2-3 days.

Thanks in advance!

[98ramtough]

I use paypal all the time. The money goes out of the checking account instantly, but if you transfer money from paypal into your checking account it takes a couple of days.

[boone]

If you have a checking account attached to PayPal it will automatically deduct when you hit the pay button... you can have a "0" balance in your Paypal account and it will go directly to your checking account or even a credit card if you attach one.

[wsuweston]

Exactly what they said

[Wang]

Thank you!

[Chromaflage]

Here's a suggestion. You might consider setting up a separate checking account that you use for online purchases and PayPal rather than using a primary checking account. I do this so that no online payments are attached to my primary checking account for an extra measure of security. Just a thought.

[ReelBeauty]

Originally Posted by Chromaflage

Here's a suggestion. You might consider setting up a separate checking account that you use for online purchases and PayPal rather than using a primary checking account. I do this so that no online payments are attached to my primary checking account for an extra measure of security. Just a thought.

That is a good suggestion. Just for security reasons.

[garyk]

Originally Posted by ReelBeauty

That is a good suggestion. Just for security reasons.

For the same reasons I prefer using a credit card when I pay via PayPal because -

* if there's fraud, my exposure is limited to $50.

* if there's a problem, like not receiving goods, it's easier to dispute a credit card purchase, than a debit made on my checking account.

[yifish]

Originally Posted by garyk

For the same reasons I prefer using a credit card when I pay via PayPal because -

* if there's fraud, my exposure is limited to $50.

* if there's a problem, like not receiving goods, it's easier to dispute a credit card purchase, than a debit made on my checking account.

This is what I do also. I have been using PayPal for about 8 years and no problems so far...But better safe then sorry.

[nikkidog]

Originally Posted by Chromaflage

Here's a suggestion. You might consider setting up a separate checking account that you use for online purchases and PayPal rather than using a primary checking account. I do this so that no online payments are attached to my primary checking account for an extra measure of security. Just a thought.

This is what I do also. Keep the balance in the separate account with enough to cover your payments plus a small "fudge factor".

[BrianMaguire]

Originally Posted by 98ramtough

I use paypal all the time. The money goes out of the checking account instantly, but if you transfer money from paypal into your checking account it takes a couple of days.