Re: protecting oneself from paypal Message #4 Posted by Disadvantages of no bank info to Paypal on 22 Feb 2007, 1:33 p.m., in response to message #3 by Gene
Remove Bank Account Confirmation
Back to Profile Summary
You are about to remove the following bank account from your PayPal account:
Bank Account Name:
Bank Name:
Bank Account Number:
This is your only confirmed bank account on file. If you remove it
now, your account status will instantly become unverified. Becoming
unverified means you can no longer add funds via electronic funds
transfer, your credit card charge limit is reinstated, and you lose
protections safeguarded under PayPal's Buyer and Seller Protection Policies.
Are you sure you want to remove this bank account from your PayPal
Profile?
Note: After removing this bank account it will no longer be possible
to complete PayPal payments by bank transfer or by Direct Debit or
Bank Funding. If you add this bank account to your PayPal account
again, you'll need to repeat confirmation and authorization to use
these payment methods.
And here are the differences in fees for various withdrawals. Note
that bank transfers are free.
Options Processing Time Cost
Transfer funds to your bank account 3-4 Business Days Free!
Request a check from PayPal 1-2 Weeks $1.50
Shop with a PayPal debit card Instant (once you get a card) Get cashback!
Get cash out of an ATM Instant $1.00
Buy from over 42,000 PayPal Shops Instant Free!
Add Funds
You can transfer funds from your checking or savings account to your
PayPal account using Electronic Funds Transfer.
Transfer money into your PayPal Money Market account and earn a
competitive return. As of 1/3/2007, you would be earning 5.02
percent on your PayPal balance!*
Options Processing Time Cost
Transfer Funds From a Bank Account in the United States 3-4 Business
Days Free!
Edited: 22 Feb 2007, 1:35 p.m.
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