paypal requires bank account now?

[KillerBee]

I just went through opening a PayPal acct. They really try hard to get a bank account number but eventually funded it with just a Visa Gift Card.

I think I just quit once they asked for the Bank acct and signed out.
Went back in and changed my password and it never asked for the bank acct.

 

[lothar]

so do i

easiest way to do it is to use a bank acnt then add a CC make the CC primary and remove the bank acnt

its what i ended up doing

You can set up a verified account with a bank account and a CC. Once you are verified, remove your bank account. That's how I use Paypal. My CC is a Discover card secure internet number, not my actual CC number.

Does that still work?
I thought the moment you remove your bank info, they change your account status back to "unverified".

I just recently hit this limit as well and didn't know until now.

 

[SunnyD]

Afaik PayPal has always required a bank account.

Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay back in the day, you used to be able to use Paypal without a bank account or, get this, even a credit card attached to it.

Yup. You used to be able to accept and send payments purely via Paypal without ever having to provide any sort of funding account or PII. Open an account, receive a payment from someone, and boom - you have money in your account to send payments with. No bank or credit card needed.

Paypal irritates the fuck out of me to no end now, but it's a necessary evil.

Nope, and avoid paying with a paypal balance. If the seller screws you you are screwed; paypal will only give you back what they can pull out of the scammer's account (nothing). Always pay with credit card, so that when paypal tells you to pound sand your credit company can say no F YOU paypal, you pound sand, and your CC lender will have your back. Then paypal eats it.

Except that filing a chargeback is essentially against their ToS, and doing so enough times or on a large enough transaction will essentially net a collection action against you and your credit report will take the hit for it. Paypal absolutely HATES chargebacks and will make your life miserable for it.

 

[OBLAMA2009]

i realized paypal was the most crooked company ever created a decade ago and have not used them since. i was disgusted to see they are forming partnerships with creidit card companies to do in store charging. what a worthless company.

 

[dabuddha]

That's why I have a second account at my main bank and keep 20 bucks in there to keep it alive. I thought a bank account has always been required.

 

[dabuddha]

Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay back in the day, you used to be able to use Paypal without a bank account or, get this, even a credit card attached to it.

Yup. You used to be able to accept and send payments purely via Paypal without ever having to provide any sort of funding account or PII. Open an account, receive a payment from someone, and boom - you have money in your account to send payments with. No bank or credit card needed.

Paypal irritates the fuck out of me to no end now, but it's a necessary evil.

Oooh I remember this. You could elect to receive a check from them.

 

[dabuddha]

Why would someone still use Paypal? It's been clear for at least a year now that they will do everything in their power to bone their customers. It's like pre-buying the hottest new game with intrusive DRM and an always-online requirement and then being outraged when it fails (ahem, D3 and Simcity).

If you're smart with how you use paypal, you won't get burned. And it is more convenient than writing a check or getting a money order (for those people/companies that don't take credit cards)