Can PayPal take money out of a bank account you added on your PayPal account?

What if my account is not a chequing account and has no credit cards on it? Am I safe then?

If I add funds from my bank, will I have to initiate the bank transfer?

thanks

Can PayPal take money out of a bank account you added on your PayPal account?Do you owe Paypal money? If so, yes they can take money out of your bank account to recoup the fees that are owed to them
What if my account is not a chequing account and has no credit cards on it? Am I safe then?What type of account - you mean a bank account - maybe saving accounts, or are you talking Paypal account? If you owe money to Paypal, Paypal will attempt to recoup the money it is owed
If I add funds from my bank, will I have to initiate the bank transfer?Yes, you click on the Add Funds button and it will add funds to your Paypal account. If you buy something using Paypal, you will be able to choose what account - checking / credit card - that you want to use.

I don't owe money to PayPal.

What I meant is can PayPal by themselves take money out of a savings account?

Cause nopaypal.com has worried me a lot, and I dont want $100's being pulled out of my bank account for some PayPal fraud.

thanks

If your checking account is on file with paypal then Yes.


now if your talking about somebody hacking your paypal account they will still have to have your user name and password to make a purchase and paypal does have some fraud protection. Even your bank should have fraud protection.

I beg to differ. ACH transactions must be authorized, each and every one of them. If you did not authorize the transaction contact your bank and file a dispute.

PayPal can take money from your PayPal account if for some reason you owed them money. But they cannot take money from your bank account. The only way anyone can take money from your back account is if you authorize the debit.

When you fund your PayPal account from your bank account this is what you are doing. It is you transferring to PayPal and not PayPal taking from your account.

It is actually easier to take money out of an account than put money into an account. For example, if you an FI (fiscal intermediary), you need to be licenses in approximately 30 states - and this costs $10,000 each year.

If you do not owe Paypal money or intend on owing Paypal money, no need to worry.

As far as that site - you will always hear more horror stories than compliments.