Verified Bank Accout? - 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 02-19-2015
Senior Member
 
Join Date: Feb 2015
Posts: 95
Thanks: 37
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 37%
iTrader: (1)
Default Verified Bank Accout?

If you purchase a verified bank account for PP how do you get your money out, cause if you switch banks to say Chase or BOA, then what was the point of getting a verfied bank account?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 02-19-2015
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,561
Thanks: 1,494
Thanked 4,453 Times in 3,449 Posts
Activity: 62%
Longevity: 51%
iTrader: (370)
Default Re: Verified Bank Accout?

If you mean a VBA, then that is only used to verify the account.

It saves wasting a bank account if the account turns out to be a 0/0

A VBA cannot be used to withdraw funds to
Reply With Quote
  #3  
Old 02-19-2015
Senior Member
Threadstarter  
 
Join Date: Feb 2015
Posts: 95
Thanks: 37
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 37%
iTrader: (1)
Default Re: Verified Bank Accout?

So say I purchase a verified bank account, then as you said I can't get the money out using that one--so how do you go and get your money out? If you add another bank account won't that challenge your limits or close the account? I still haven't figured out what the next step is after purchasing an VBA
Reply With Quote
  #4  
Old 02-19-2015
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,561
Thanks: 1,494
Thanked 4,453 Times in 3,449 Posts
Activity: 62%
Longevity: 51%
iTrader: (370)
Default Re: Verified Bank Accout?

VBA stands for Virtual Bank Account

You just add in a real bank account when you are ready to withdraw funds
Reply With Quote
  #5  
Old 02-19-2015
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,042
Thanks: 5,509
Thanked 9,024 Times in 7,037 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default Re: Verified Bank Accout?

Quote:
Originally Posted by SheilaPazera View Post
So say I purchase a verified bank account, then as you said I can't get the money out using that one--so how do you go and get your money out? If you add another bank account won't that challenge your limits or close the account? I still haven't figured out what the next step is after purchasing an VBA
then you are not thinking thro' your steps correctly.

Before you even purchase or make a paypal account, decide what step you will take.

You either add a VBA from the start to get verified.

Then when the account is going OK, add a bank account from the list of names.

BoA, Chase all work great.
__________________
Ever look at someone and think “WhyTF has no one hit you with a shovel yet?

Last edited by GreenBean; 02-19-2015 at 08:42 PM.
Reply With Quote
The Following User Says Thank You to GreenBean For This Useful Post:
SheilaPazera (02-20-2015)
  #6  
Old 02-19-2015
MM78's Avatar
Executive [VIP]
 
Join Date: Sep 2010
Posts: 14,134
Thanks: 1,107
Thanked 4,821 Times in 3,332 Posts
Activity: 2%
Longevity: 71%
iTrader: (4)
Default Re: Verified Bank Accout?

Quote:
Originally Posted by SheilaPazera View Post
If you purchase a verified bank account for PP how do you get your money out, cause if you switch banks to say Chase or BOA, then what was the point of getting a verfied bank account?
A VBA is NOT a real bank, it's only purpose in life is to Verify your Paypal, and the reason is so when you start selling on Ebay and you can determine if your Paypal is going to last or not. You CAN'T withdraw money to it, you can't do anything else with it BUT Verify your Paypal.

Once you feel comfortable with your Ebay/Paypal and you feel they will last THENNNNN you add your REAL bank account and withdraw to that.
Reply With Quote
The Following 3 Users Say Thank You to MM78 For This Useful Post:
rsot (02-20-2015), SheilaPazera (02-20-2015), yankee (02-19-2015)
  #7  
Old 02-20-2015
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 59,120
Thanks: 4,668
Thanked 7,190 Times in 6,554 Posts
Activity: 100%
Longevity: 77%
iTrader: (7)
Default Re: Verified Bank Accout?

Still need a REAL bank account to withdraw to
Reply With Quote
  #8  
Old 02-20-2015
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 8,477
Thanks: 286
Thanked 1,973 Times in 1,448 Posts
Activity: 99%
Longevity: 88%
iTrader: (89)
Default Re: Verified Bank Accout?

Quote:
Originally Posted by SheilaPazera View Post
So say I purchase a verified bank account, then as you said I can't get the money out using that one--so how do you go and get your money out? If you add another bank account won't that challenge your limits or close the account? I still haven't figured out what the next step is after purchasing an VBA
Adding another bank account - i.e your real bank account - will NOT 'challenge' (did you mean change?) your limits. It will not raise any flags and wont change anything about the account. Simply adding another bank account means that now youll have two bank accounts linked to the paypal account - one being the VBA and the other being your real bank account. You of course will be using the real bank account to withdraw your funds to.
__________________
USA SELLER ACCOUNT EXCLUSIVES: 1,000/$100,000 AND 5,000/$500,000 - AGED!
ENTER MY STORE OR CONTACT ME
Reply With Quote
The Following User Says Thank You to slokor For This Useful Post:
SheilaPazera (02-20-2015)
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
Transferring money to bank accout? creznor PayPal Talk 2 07-29-2014 06:36 PM
use one bank accout for more than account oliverqueenvn Amazon 5 12-22-2013 03:16 PM
Paypal Limited: Confirm Bank Accout, Location Hats Canada eBay Discussions 0 12-05-2013 09:38 PM
Definitley DO NOT use the same bank accout troublez413 Amazon X 2 05-08-2012 05:06 AM
Linking bank accout to PayPal with different name pward33 UK PayPal Talk 11 08-14-2009 06:37 PM


Aspkin Group

All times are GMT -5. The time now is 06:01 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 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts