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Paypal question, safest way to set it up?

mreutermreuter Posts: 543
in Trading Cards & Memorabilia Forum
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.

Comments

  • clydecoolidgeclydecoolidge Posts: 863 ✭
    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.
    "I've never been able to properly explain myself in this climate" -Raul Duke

    ebay i.d. clydecoolidge - Lots of vintage stars and HOFers, raw, condition fully disclosed.
  • joestalinjoestalin Posts: 12,473 ✭✭
    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
  • mreutermreuter Posts: 543
    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.
  • zep33zep33 Posts: 6,897 ✭✭✭


    << <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
  • mreutermreuter Posts: 543


    << <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?
  • cohocorpcohocorp Posts: 1,371 ✭✭
    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.
    my ebay listings
  • bdunndchibdunndchi Posts: 650


    << <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.
    --->imageimageimageimage<---
  • zep33zep33 Posts: 6,897 ✭✭✭
    you can get them at most grocery stores too in the racks with all the other store gift cards

  • LeiascardsLeiascards Posts: 3,233
    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
  • goyegoye Posts: 454 ✭✭
    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

    1985-86 O Pee Chee PSA 910 Hockey
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