Silkroad Online Forums

okay so i made a PayPal account on the PayPal website and i want to add money onto it through my bank account. how do i do this? do i have to go to my bank to confirm it or what

EDIT: i dont know if this is in the right section or not so if it is sorry about that

enter your bank account number.
then transfer funds.

takes a couple days to transfer.

Don't you need to verify your bank account i think they send 2 small payments to your account and you need to verify with paypal how much that was.

MrFudge wrote:enter your bank account number.
then transfer funds.

takes a couple days to transfer.

i dont know which is the Bank Transit Number or the Institution Number and im pretty sure the account number is on my passbook do i need these other 2?

huejas wrote:

MrFudge wrote:enter your bank account number.
then transfer funds.

takes a couple days to transfer.

i dont know which is the Bank Transit Number or the Institution Number and im pretty sure the account number is on my passbook do i need these other 2?

You need those numbers for them to deposit two small amounts into your account, and have you confirm those amounts to confirm your account. Afterwards you can transfer money.

dom wrote:

huejas wrote:

MrFudge wrote:enter your bank account number.
then transfer funds.

takes a couple days to transfer.

i dont know which is the Bank Transit Number or the Institution Number and im pretty sure the account number is on my passbook do i need these other 2?

You need those numbers for them to deposit two small amounts into your account, and have you confirm those amounts to confirm your account. Afterwards you can transfer money.

okay thx i will check with my bank

yea it took like 3 days for it to show on my bank statement.

the amounts were like $0.03 and $0.07

then after those 3 days i had to wait another couple of days for my money to get onto the paypal account.

so ur lookin in on about a week of waiting for ur funds to completely transfer.

MrFudge wrote:yea it took like 3 days for it to show on my bank statement.

the amounts were like $0.03 and $0.07

then after those 3 days i had to wait another couple of days for my money to get onto the paypal account.

so ur lookin in on about a week of waiting for ur funds to completely transfer.

Unless you live outside the US took me almost 2 weeks =[

yea come to think of it it was about 10-11 days :S

hmmm so its better to just transfer a bigger amount at once so you dont have to go wait to add more, that is if you are planning to make purchases...like me

If they have a "pay with paypal" feature or whatever it's called, after you've confirmed your account, it will deduct the amount from your account and take the rest from your bank account. I leave my paypal at 0, so it's an instant transfer from my bank account and payment is made.

There's limits on non-business accounts for withdrawals, tranfers, etc. Not sure what they are, but if you're planning to transfer big amounts you should check it out.

i thin limits start at like $5,000 lol.
i didnt know the direct from bank account thing worked.
might change the way i buy stuffs.

dom wrote:If they have a "pay with paypal" feature or whatever it's called, after you've confirmed your account, it will deduct the amount from your account and take the rest from your bank account. I leave my paypal at 0, so it's an instant transfer from my bank account and payment is made.

There's limits on non-business accounts for withdrawals, tranfers, etc. Not sure what they are, but if you're planning to transfer big amounts you should check it out.

what do you mean confirm my account?

huejas wrote:

dom wrote:If they have a "pay with paypal" feature or whatever it's called, after you've confirmed your account, it will deduct the amount from your account and take the rest from your bank account. I leave my paypal at 0, so it's an instant transfer from my bank account and payment is made.

There's limits on non-business accounts for withdrawals, tranfers, etc. Not sure what they are, but if you're planning to transfer big amounts you should check it out.

what do you mean confirm my account?

paypal deducts a tiny amount from your bank acount, like $.03 and $.05

u have to check your bank to see how much paypal took out, and input it in paypal, its basically like image verification.

MrFudge wrote:

huejas wrote:

dom wrote:If they have a "pay with paypal" feature or whatever it's called, after you've confirmed your account, it will deduct the amount from your account and take the rest from your bank account. I leave my paypal at 0, so it's an instant transfer from my bank account and payment is made.

There's limits on non-business accounts for withdrawals, tranfers, etc. Not sure what they are, but if you're planning to transfer big amounts you should check it out.

what do you mean confirm my account?

paypal deducts a tiny amount from your bank acount, like $.03 and $.05

u have to check your bank to see how much paypal took out, and input it in paypal, its basically like image verification.

okay thx for helping me out as well as dom
i will try it out and if i have any more issues then ill ask
thanks again

dom wrote:If they have a "pay with paypal" feature or whatever it's called, after you've confirmed your account, it will deduct the amount from your account and take the rest from your bank account. I leave my paypal at 0, so it's an instant transfer from my bank account and payment is made.

There's limits on non-business accounts for withdrawals, tranfers, etc. Not sure what they are, but if you're planning to transfer big amounts you should check it out.

Actually, you can't do that on most sites unless you have a creditcard linked to your paypal account.
Unless they accecpt E-Checks, that is. Which they rarely do.

Snudge wrote:

dom wrote:If they have a "pay with paypal" feature or whatever it's called, after you've confirmed your account, it will deduct the amount from your account and take the rest from your bank account. I leave my paypal at 0, so it's an instant transfer from my bank account and payment is made.

There's limits on non-business accounts for withdrawals, tranfers, etc. Not sure what they are, but if you're planning to transfer big amounts you should check it out.

Actually, you can't do that on most sites unless you have a creditcard linked to your paypal account.
Unless they accecpt E-Checks, that is. Which they rarely do.

I have my credit card linked to my account, but it withdraws from my debit account?

dom wrote:

Snudge wrote:

dom wrote:If they have a "pay with paypal" feature or whatever it's called, after you've confirmed your account, it will deduct the amount from your account and take the rest from your bank account. I leave my paypal at 0, so it's an instant transfer from my bank account and payment is made.

There's limits on non-business accounts for withdrawals, tranfers, etc. Not sure what they are, but if you're planning to transfer big amounts you should check it out.

Actually, you can't do that on most sites unless you have a creditcard linked to your paypal account.
Unless they accecpt E-Checks, that is. Which they rarely do.

I have my credit card linked to my account, but it withdraws from my debit account?

...


Well, I dont have a CC linked to my account, so it often just links me to a page where i -could- add a CC to my account, because the site doesnt accept E-Checks