Do I need a credit card to open a Pay Pal account?

Question

I got an email address. Do i still need a credit card to open a PAY PAL account at Paypal website inorder to send and receive money? I got a saving account so how can I send some money through paypal to my friend in New Zealand? Any help, Please?

Answer 1

I set up a Pay Pal account without a credit card. I have my account linked to one of my checking accounts.



For security and verification reasons, you must confirm your bank account before you can add funds to your PayPal account.



To get money into my Pay Pal account from my checking I would do a transfer. Though I rearely use do this, I can get money out of my paypal account into my checking account by transfering it. Pay Pal states the transfers take three to four days.



I also signed up to and have their Pay Pal debit card. I can use this debit card for purchases at places that major credit cards are accepted. This way I can use the money when I want to. It just deducts the charge right from my Pay Pal balance. Where I live buying a cup of coffee can be paid via a debit card.



If you are planning on making a payment through paypal account via a credit card you would need to provide the credit card information so the transfer payment can be made. This may be necessary, if your Pay Pal balance is smaller than the cost of the item you are buying.



It isn't a requirement for you to have a credit card or a bank account to open a paypal account. Yes it would limit you. I owed my sister in-law a sum money and paid her through paypal. She never provided any information to use the money. She used the money to buy items on-line through websites that accept paypal. She isn't able to transfer the money from paypal into her bank. She used the money to buy a digital camera from a eBay seller.



If I were to send you money to would be associated with your e-mail account through Pay Pal. Pay Pal would send you an e-mail stating that "You Got Cash" and you should go to Pay Pal to open your account. Later you could become "Verified". You must confirm your bank account or be approved for the PayPal Plus Credit Card or PayPal Buyer Credit.



- STB



BTW: You should be careful of fraudulent e-mails. Someone may be trying to rip you off by "Phishing". One of the most common phishing scams involves sending a fraudulent email that claims to be from a well-known company. Phishing can also be carried out in person, over the phone, through fraudulent pop-up windows, and websites.



Phishing is a form of fraud designed to steal your identity. It works by using false pretenses to get you to disclose sensitive personal information, such as credit and debit card numbers, account passwords, or Social Security numbers.

Answer 2

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Answer 3

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RE:

Do I need a credit card to open a Pay Pal account?

I got an email address. Do i still need a credit card to open a PAY PAL account at Paypal website inorder to send and receive money? I got a saving account so how can I send some money through paypal to my friend in New Zealand? Any help, Please?

Answer 4

Do You Need A Credit Card For Paypal

Answer 5

I don't know about the rest of the world.

But in INDIA you need a bank account to withdraw money from your paypal account. And you need a credit card to deposit money to your paypal account.

That means you need a bank account to be paid, but you must need a credit card to pay someone.

Answer 6

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Yes Jes ! Pay-Pal is perfectly safe to give your card details to - I've used them for about a year now without any problems ! All they do when you first sign up - is credit your bank account with two small amounts to validate your card is legitimate - in my case - it was 10p and 16p ! You have to enter those amounts in their site to verify the transactions. Pay-Pal are basically a 'go between' - you pay them - they pay the seller. Go for it - and happy shopping !

Answer 7

No, you do not. You need a bank account, either checking or savings will suffice. You have to apply, giving a lot of information, and then, Paypal will make 2 separate minuscule deposits into the account given, and you verify it is yours by confirming the amounts on the site. Be careful with Paypal, they are convenient and popular, but I know a great MANY MANY people that have been burned and lost large amounts of money as a seller due to the imbalance in rights Paypal gives to buyers. best of Luck 2 You!

Answer 8

Yes it is very safe and you can close the account when ever you want to. I just would not bother using it to buy from ebay though unless the person you are dealing with has a lot of stars and loads good comments about them because a lot of scallies use it to rip people off.

Answer 9

You need either a checking account or a credit card to set up a Paypal account. A savings account is not enough.

Answer 10

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Answer 11

Never open a account with pay pal. You never get the money you get paid.

They take money out of your account and you never never get the money your paid.

Answer 12

You only need a bank account, either checking or savings. You have to apply, giving lots of your personal info then, paypal will make 2 separate very small deposits into the account you gave them, then you wait and see what the small amounts are and then you have to verify the account is yours by confirming the small amounts on the paypal site. as long as they match what paypal sent you then they activate your account and you are good to go.

Answer 13

Yes, you NEED a credit card in your name to create a Pay Pal account.

Answer 14

you only need a visa or mastercard from a debit account or a credit card. I found the best way to send money over seas and the fastest you could try ZOOM.