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No, you don't have to have a bank account to open a PayPal account, but unless you do have one, you can't become "PayPal Verified". Your PayPal account will initially have sending and receiving limits and to lift these limits (and withdraw any money), you need to register your bank account details to your PayPal account. You can also use a Visa credit card to send and receive payments.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoPaypal offer three types of account - Personal (for personal use), Premier (for smaller-volume sellers) and Business (for business users). The bank account that you attach to your PayPal account can be either a personal one, or a business one.
Wiki User
∙ 11y agoYou can set up a PayPal account without a bank account and can use your credit card alone, if that is what you prefer to do.
If you are only ever going to use the PayPal account to buy things then you are unlikely to need to add your bank account details but if you are ever going to want to draw down funds from your PayPal account then, at some point, you will need to add your bank details.
Wiki User
∙ 9y agoNo, you don't have to have a PayPal account to make a PayPal payment. You can make one-off payments through PayPal using your credit card without registering for an account.
Wiki User
∙ 11y agoYes, you need to have an account to tie to your paypal account to allow you to transfer money back and forth.
Wiki User
∙ 9y agoIf your bank acct is your funding source it has to have money in it, paypal will draw it when you make the purchase-no need to transfer it before the buy
Wiki User
∙ 13y agoThe person receiving money pays a fee.
Joelyn Garbis
Joelyn Garbis
yes
Wiki User
∙ 14y agoYes.
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Can I open a click bank account with no bank account or can I use my PayPal as a bank account?
PayPal is not a bank you need to have a bank account to open a PayPal account. The reasoning for this is because PayPal pulls the money from your bank to make purchases.
How can i transfer money if you do not have visa or credit?
PayPal if you have a bank account and the other party has paypal.
What form of recognition is needed in order to login to a paypal account?
Unless a person has a bank account, they cannot be considered to be "Paypal Verified". However, this does not prevent one from opening an account with Paypal. This can be accomplished by using a credit card. Please note that if it is not registered with a bank account there will be extra limitations of deposits and withdrawals imposed on the account for security reasons by PayPal.
How is the money transferred from a sellers PayPal account to the sellers bank account?
To transfer funds from PayPal to a bank account, the user has to log into PayPal and transfer the money manually.
Can you verify PayPal without a credit card or bank account?
No, you have to have a bank account to become PayPal-verified.You can use your PayPal account without becoming verified, but there will be sending, receiving and withdrawing limits placed on your account. Once you hit these limits, you have to become verified - there is no choice.Another answerYou must be verified by paypal before you can start using paypal. This takes about three days. This is because they want to test your bank accounts sending and receiving before you start using it, makes since, been using them for ten years.
Does my PayPal account work as a bank account to open up a click bank account?
Clickbank only offers bank transfer or cheque payment, therefore it would not be possible to withdraw earnings into your PayPal account.
How do I receive refund by paypal?
It's in your PayPal account, and from there you can either spend it online, or transfer it to a bank account.
How do you transfer money from fineptc?
Transfer to your PayPal. Then from PayPal you can transfer to your Account Bank.
You have simple bank account can you use it for paypal?
yes
How does a PayPal merchant account work?
Essentially, a PayPal merchant account goes between you bank account and the customer, giving you the chance to charge for merchandise. The money goes through PayPal, and you can draw out into your account
Can you still send and receive money from PayPal without a personal bank account?
You have to have your paypal set up with a bank account OR a credit card so you can carry a paypal ballence yes!!
How can you accept money through PayPal if you don't have a Visa card?
You can register your bank (or checking) account to your PayPal account and use that to both send and receive funds. To withdraw money from PayPal to your bank account, you need to go through the verification process.
