PayPal is a convenient and safe online banking resource that can be used to complete different types of online money transactions. Using PayPal creates a security barrier between the people and companies you send and receive money from, which helps protect your sensitive financial information. In addition to making safer online purchases, you can also pay some of your bills, receive deposits, donate to charitable organizations, transfer money abroad and send money to anyone with an email account. All this and more can be done without having to send your bank account information to many different sources.The PayPal account doesn't need to have a balance as long as you have a confirmed bank account or credit card linked to your PayPal it.
Log in to your Paypal account. Click on the "Profile" link. Select "Financial Information" and "Credit/Debit Card." Select "Add a card." Enter the requested card information. Confirm by clicking "Add Card." The PayPal company will make a small deposit and deduction from your card.
View your credit card statement (online or paper statement) and write down the exact amounts for each transaction made by PayPal. Then log back into your PayPal account, select "My Account" and go to "Profile." Click on the "Bank Account's" tab and select "Confirm." You will be asked to enter in the amounts of the small deposit and deduction as a means to verify your ownership of the credit card.
Add funds to your PayPal account from the credit account balance by going to the link "Add Funds." Select the link "Add funds from a U.S. Bank Account" and choose the now confirmed Visa Card as your funding source. Enter the amount of money you wish to transfer from your Visa card and click "Submit." Your money should be available within 3 to 5 days.
Things You Will Need
- Credit card information
- Paypal account
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