Can Paypal take money out of my bank account if I have a verified Bank Account?

Discussion in 'PayPal' started by Melvinng, Oct 5, 2007.

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  1. getitgood

    getitgood Member

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    #41
    You would have to sign an agreement (electronic or physical) to have them debit your bank account for recurring payments, debt owed, etc. If you have signed up for a recurring payment to a website using paypal and you signed up using instant transfer, then more than likely you will get debited from your bank account for any amount owed to that merchant...other than that, they can't mess with your bank account.
     
    getitgood, Apr 26, 2011 IP
  2. DhrubaJyotiDeka

    DhrubaJyotiDeka Well-Known Member

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    #42
    Are you PayPal official?? Strange info in your Signature link.
     
    DhrubaJyotiDeka, Apr 26, 2011 IP
  3. NeVerTrYFoRME

    NeVerTrYFoRME Peon

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    #43
    As per my knowledge, there are nothing such agreement through any Bank & PayPal, nor in PayPal itself.
     
    NeVerTrYFoRME, Apr 27, 2011 IP
  4. DhrubaJyotiDeka

    DhrubaJyotiDeka Well-Known Member

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    #44
    There is no option as agreement between Bank & PayPal.
     
    DhrubaJyotiDeka, Apr 27, 2011 IP
  5. tunnu

    tunnu Greenhorn

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    #45
    it can deposit in your bank account. You can link some bank accounts to withdraw from your PayPal. When Spending, PayPal can only take from your CreditCard. And there is a Limit in the number of credit cards. So do not change the credit card number often, it will put your account on hold if you change the credit card many number of times.
     
    tunnu, Feb 20, 2012 IP
  6. foxgeorge

    foxgeorge Peon

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    #46
    No, it is not possible that Paypal can deduct your money. Paypal is very good services for sending money overseas, paying bills & receiving money. If you are looking for wealth management or asset management services then Stefan Seuss' areas of practice are International taxation law, International Corporate law, International transactions, International business law, and Family Office services.
     
    foxgeorge, Feb 21, 2012 IP
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