Paypal question, safest way to set it up?

mreuter

I had a Paypal account a couple of years ago and it was locked after someone tried to access it with the wrong password 10 times. It was a major hassle to go through all the steps to reopen it so I just had it blocked from my bank accounts. It is getting to the point where it is almost neccessary to have now, so I figure the easiest way is to just set up a new account. What is the best way to set this up, do I open a new bank account strictly for Paypal so I can withdraw the funds immediately? What about credit cards, what keeps them from automatically charging to a credit card such as in the case of chargebacks or held payments due to a dispute? Currently I buy 99% of the time but who knows, I may get into selling more in the future. Any advice or a safe way to set it up is appreciated. Thanks.

clydecoolidge

I have a free checking account specifically for paypal deposits and transfers. I've never had any chargebacks or anything, but there's no way I'm linking paypal to an account where I pay bills, or keep a lot of money in the account. I feel safer that way.

joestalin

If you don't mind opening a new checking account that might be the best way to do it. You don't even have to keep any more in
it if you usually keep a balance in your paypal account. Paypal's debit card is also nice, a quick way to get money out as
transfering it to a checking account takes 3 days. If I see a potential problem with a phony chargeback, I have the option of
draining my paypal account quickly so those funds aren't tied up. It takes sometimes a week or more to sort through a
chargeback. Of course you would have to buld back up your user rating, but as a buyer most of the time that really isn't an
issue.

Good Luck and welcome back!

Kevin

mreuter

When you sign up for Paypal, don't you have to have a credit card? What keeps that card from being used? I don't want either of the cards I have now (one business, one personal) linked to Paypal.

zep33

<< <i>When you sign up for Paypal, don't you have to have a credit card? What keeps that card from being used? I don't want either of the cards I have now (one business, one personal) linked to Paypal. >>



use a 25 dollar gift Visa

mreuter

<< <i>use a 25 dollar gift Visa >>


Never heard of it, how does it work (does it have an account number I can use for registration), where do I get it?

cohocorp

i think you can get them at most banks. i purchased one at a commerce bank as a gift for someone. so i know commerce bank has them at least.

bdunndchi

<< <i>

<< <i>When you sign up for Paypal, don't you have to have a credit card? What keeps that card from being used? I don't want either of the cards I have now (one business, one personal) linked to Paypal. >>



use a 25 dollar gift Visa >>



Never knew you could do that. I never even thought of it.

zep33

you can get them at most grocery stores too in the racks with all the other store gift cards

Leiascards

My Paypal account is set up with one. You can open the bank account, but you cannot immediatly withdraw the money should a problem arrive Paypal can stop the transfer anytime before it is completed. I have a Debit Card. When I get to a certain point I go to Wal-Mart buy a pack of gum or something cheap and get 100.00 cash back. That way I advoid the ATM/Paypal fee for an ATM withdraw and get the money in hand. You can also get around the 400 dollar daily ATM limit this way

goye

Curious on the approximate average of your last 100 paypal transactions regarding chargebacks, returns and buyers filing SNAD where the buyer at times keeps the item and paypal refunds them your/their money back?

Also curious where I read about sellers should only mail to confirmed address's, with DC and that recently paypal removed that requirement of buyers not needing a confirmed address?

thanks much, goye