I don't think you can accomplish what you really need by just linking a credit card, as in order to recieve payments they will only go into your p/p acct. you won't be able to transfer them anywhere's, so they will sit there, they can't be dumped to your credit card.
You really need to become verified, and toss the $.03 to them to upgrade to a higher level seller account status, which does require linking a checking account to it. As a feature then, you use that account to back your purchases/transactions, and not the credit card.
P/Pal is VERY secure, if not TOO secure. I have been a seller status account for years, and never had issue. It's almost impossible to hack them, your bank is easier to hack, and as a fact I have had 5 different bank credit cards replaced by my bank in advance of a "hit", simply because THEY were compromised, and generated a generic "you may have been" mailing, which forced a new card, and account number on me.....that sucked, as I then had to re-establish about a dozen automatic payment accounts each time, very inconvenient for THIER poor security measures.
so, in a nutshell, I trust P/P, and can say I never worry about them.....my bank on the other hand.....needs better countermeasures.
it's all splained on the p/p site as to what is needed for each level of status, and as noted, if you are aprehensive, simply open a designated checking account with $50 in it solely to link to p/p.
Thanks, Rich. That helps.
Jim,
Have have to say that MOB has hit the nail on the head quite well here; I've been using PP for quite a few years and well over 600 transactions with absolutely ZERO issues. Mine is linked to both checking and a credit card for ease of getting business done.
Well, I think I'll start another checking account just for Paypal. How do you link both credit card and bank account? I thought it was one or the other.
You can link a credit card as a backup funding source, so your "check" doesn't bounce.
Slight hijack, sorry.
Rich,
Don't blame your bank, it's Visa/MasterCard telling your bank that someone else may have had your card information stolen. I work in IT for a bank on its card system and we get lists of cards that the networks believe were stolen. ......... we are in the process of changing our cards, ALL our cards, from Visa to MasterCard, so we're going to impact all 1.5 million cards in our portfolio. EVERYBODY has to activate new cards and change the cards on their auto pay accounts. The folks who just got new Visa cards, due to their old cards expiring, will get new MasterCards next month, so they have to go through this process twice. Plus, we're turning off the old cards on Nov. 30, right in the middle of the busiest time of the year for card transactions. Be glad you're not one of our customers. ........
Well, I think I'll start another checking account just for Paypal. How do you link both credit card and bank account? I thought it was one or the other.
.... Possibly might tie to ebay as well. I appreciate the help.