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Do i need a bank account on my pp if someone paid with echeck?

Discussion in 'Ebay' started by bigcasey123, Mar 8, 2013.

  1. bigcasey123

    bigcasey123 Regular Member

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    I just got a echeck and it says it needs 4 - 7 days for my bank to clear it?? i don't have a bank so will paypal just clear it and add it to my balance?
     
  2. ran60616

    ran60616 Regular Member

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    If someone paid with an echeck to you through PP, it will take 4-7 for the check to clear through the payee's bank to your PP. So yeah, PP will have the money in your balance after it has cleared.
     
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  3. unclemike

    unclemike BANNED BANNED

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    So any other words it is their bank that has to clear it to deposit it in your PayPal account :)
     
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  4. m00nster

    m00nster BANNED BANNED

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    i think no, but e-check is risky. thats what i believe
     
  5. unclemike

    unclemike BANNED BANNED

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    As long as PayPal authorized it and it waits then it should not be risky...
     
  6. jokel661

    jokel661 Regular Member

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    It is not required since the Money will be in your PP balance.but it is good to have your PP account verified by adding a bank account.
    You will be limited soon if money starts to flow to your account. it is normal procedure from PP to have accounts legit and more secure.
    I know that in some countries, you need only a verified credit card to have a verified status.
     
  7. zxlk21e

    zxlk21e Junior Member

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    No, you don't need one but depending on the amount paypal might hold some of the transaction for 30 days. Additionally, you may be blocked from sending it to another paypal address until you verify your account with a bank or debit card.