 Re: Paypal questions when adding bank account
Quote:
Originally Posted by just_smile  1. Add your sort code and account number to paypal. Withdraw to your bank like nornal.
2. Mistmatching names refers to the name used on paypal (your grans name) and the name on your bank account (your name) a barclays current account should work fine.
Some banks dont approve of mismatching names, but most are fine with it.
3. Its better to have both the same, but it can work with different details, as you can see from your own experience. | Thank you very much for the response! That's very helpful. I'm just very nervous as i have a couple of members of staff and quite a large business now, i'm terrified it will go wrong!
Just a couple of other questions if yourself or anybody else knows the answer....
1. I don't use paypal for anything other than ebay purchases and paying fees and won't be changing to anything else. I've never added funds from the bank and I've never added a card to it, this clearly hasn't affected it or has been needed? would i need to do this going forward?
2. I'm worried about the direct debit mandate issue people have posted about? What is that and when/why is it needed? I don't know if ive come across that before and what happens if i need to?
3. Does the above question refer to the payment of ebay fees? if so, let me explain my worry....
My monthly fees are quite high so i purposefully withdraw just too much from paypal when they're due so they bounce (this gives me an extra 2 weeks or so to pay them and chip away. dicing with fire i know!) but i've been doing this every month for over a year now to have that extra breathing space.
When the fees bounce, each month it unhooks my paypal and doesn't allow me to proceed with listing until i re-add the paypal account. Is this where the direct debit agreement hooks up again?? and are checks done each time i re-add the paypal to ebay?
My final questions before i go ahead and change over to new bank account   | 
