How to enable Paypal Instant Bank Transfer? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 10-27-2008
Exeneva's Avatar
Banned
 
Join Date: Apr 2008
Posts: 337
Thanks: 4
Thanked 8 Times in 4 Posts
Activity: 0%
Longevity: 91%
iTrader: (1)
Default How to enable Paypal Instant Bank Transfer?

What is required in order to initiate a Paypal bank transfer?

I believe a credit card and bank account, but I also heard two bank accounts also works.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 10-28-2008
Junior Member
 
Join Date: Oct 2008
Posts: 11
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 87%
iTrader: (0)
Default

yeah either will work, all you need is a bank account and another funding source
Reply With Quote
The Following User Says Thank You to mcweed234 For This Useful Post:
Exeneva (10-28-2008)
  #3  
Old 10-28-2008
Exeneva's Avatar
Banned
Threadstarter  
 
Join Date: Apr 2008
Posts: 337
Thanks: 4
Thanked 8 Times in 4 Posts
Activity: 0%
Longevity: 91%
iTrader: (1)
Default

Thanks for the help. I know Paypal has been catching on to our use of Simon giftaccounts, and so any credit card number entered that begins with 4016 is immediately flagged as a prepaid card and will not allow you to send an instant bank transfer (you still have to add another funding source).
Reply With Quote
  #4  
Old 10-29-2008
Exeneva's Avatar
Banned
Threadstarter  
 
Join Date: Apr 2008
Posts: 337
Thanks: 4
Thanked 8 Times in 4 Posts
Activity: 0%
Longevity: 91%
iTrader: (1)
Default

That's true, but since the simon card is actually a debit card and not really a credit card, Paypal flags it as an invalid backup funding source for instant bank transfers.

In fact, the "instant bank transfer" isn't even instant. It's instant in the fact that the recipient receives the funds immediately, but the money isn't deducted from your bank until three to five days later. So basically Paypal is giving you a "loan."
Reply With Quote
  #5  
Old 10-30-2008
Junior Member
 
Join Date: Jan 2008
Posts: 1,149
Thanks: 0
Thanked 16 Times in 10 Posts
Activity: 0%
Longevity: 92%
iTrader: (0)
Default

In the UK - you need a confirmed credit card.
Reply With Quote
  #6  
Old 11-04-2008
Junior Member
 
Join Date: Oct 2008
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Send a message via MSN to delsdisaster
Default Do the banks ever reject funds from paypal?

Can someone confirm that my paypal to bank transfer will be successful or do banks ever reject funds if the name doesn't match? I have sent across $1500 to my bank account from paypal but the bank account has the different name. Ofcourse it verified okay, but that was only dribbling in some cents. Do banks ever reject the funds if the name is different? I guess this is the final stage of the process of gaining a new ebay and paypal account. Now I feel those nerves again..............
Reply With Quote
  #7  
Old 11-04-2008
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,022
Thanks: 5,510
Thanked 9,042 Times in 7,038 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default

99% of the time, the transfers work OK. If it pertains to OZ, there should not be a problem.
That said, there are cases in the USA & UK over the past six weeks where such transfers have failed.
With OZ transfers, I never put a name on the transfer details. Where it says name of transaction I put initials.As a test I have put names
like Mr Ed, Flung Dung and have found if the BSB & account number are OK, transfer happens.

Again, & just my choice,the banks I use know meo if there is a problem I can
work it out with themafter all that new staff person made a mistake
on the deposit slip
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?

Last edited by GreenBean; 11-04-2008 at 09:57 PM.
Reply With Quote
  #8  
Old 11-05-2008
Junior Member
 
Join Date: Oct 2008
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Send a message via MSN to delsdisaster
Default transferring own funds from PayPal to savings account in another name

Green bean I was so hoping YOU would respond to my question!

I am worried that the name will be checked and the CBA will reject the funds, then becomong alerted to PayPal where I will have to verify myself or provide another bank account. Ofcourse it was successful for the verification, but it wasn't hundreds of dollars at a time. I don't refer to transferring to another paypal account. (I didn't do this as I thought the fees would be too high..........was that a big mistake I have just made?) I mean to simply withdraw my own paypal funds into my bank account within the one account where buyers have paid me.

Last edited by delsdisaster; 11-05-2008 at 01:05 AM.
Reply With Quote
  #9  
Old 11-05-2008
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,022
Thanks: 5,510
Thanked 9,042 Times in 7,038 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default

Hmm, bit muddled me. If you are saying can I transfer xxdollars from paypal account of Mr Ed to CBA account of Count Dracula, then it works 99% of the time. In fact CBA is rather OK. LOL. Why? It is the volume of deposits going through the clearing house.Under $3000 will go through: a higher amount and there maybe the chance of closer scrutiny but not often.
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?
Reply With Quote
  #10  
Old 11-07-2008
Junior Member
 
Join Date: Oct 2008
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Send a message via MSN to delsdisaster
Default new paypal account transfers to bank account

Hey you have a new image! No, I was saying about transferring funds from my paypal account into my bank account that paypal have linked to that account. Anyway, since writing to ask this, it has worked!! I was so relieved, felt like doing cartwheels in my living room............
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
cant do instant bank transfer ?? idiotbay UK eBay & Paypal 7 03-03-2019 03:45 PM
Paypal adding a bank - account holder name verification? Instant verif. vs. deposits jimmymac99 PayPal Talk 10 08-18-2008 10:17 AM
Instant Transfer Problems divine422 PayPal Talk 1 08-14-2008 06:23 PM
No more instant transfer (greyed out)? e-check questions ganbala PayPal Talk 1 07-25-2008 09:00 AM
Instant transfer divine422 Subscriber Discussions 4 06-22-2008 04:45 PM


Aspkin Group

All times are GMT -5. The time now is 10:20 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts