Originally Posted by
ptquilts
You can do that but there is a delay in the seller getting the money. It is an E-check and takes days to clear.
There are two different methods, depending on how your paypal buying account is set up and funded.
An E-check is different than an instant transfer.Set up your paypal account with a linked bank account, as she apparently has, and every time you don't have funds in your paypal account to cover the purchase, paypal will tap your bank account for the purchase. With just a linked bank account, e-check is the option that will be used, and it will take 3-5 days for the payment to clear.
If you set up a second funding source, such as a credit or debit card, in addition to your bank account, you are able to use Paypal instant transfer to make your purchases. This is way better because as a seller, you don't have to wait for the money, and as a buyer, you are able to make multiple purchases. Some sellers, like ebay, limit your e-check purchases to one at a time, until the e-check clears.
So, to have maximum purchasing ability with the best protection and ease of use, you should set up your paypal buying account with two funding sources. You can use the bank account, and a debit card on the same bank account as your second source. Don't transfer any money from your bank account to your paypal account. When you buy, paypal will automatically tap your bank account for the money, an instant transfer will occur, and everyone is happy.
And with this method, you don't need to give your SSN to paypal, unless you start selling and collecting money through paypal. If you have a separate bank account for just online purchases, always remember to keep double the money in the account that you'll need to cover the purchases you are making. If you want an explanation as to why you need to do this, just ask...
