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Paypal and direct debits
Hazmongrel
Posts: 10 Forumite
I want to use paypal as a direct debit to qualify for the £5 you can get with a halifax reward account. Do I need a new paypal account to do this or can I add the halifax account to my existing paypal account?
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add to existingSwagbucks - Apr 14 - Nov 19PayPal £1745 Amazon £2285 John Lewis £170 Mastercard £3800
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With the existing account go "Verified". For that you insert a bank account and agree to Direct Debit. Just fill out your bank details and PayPal does the rest. You get two small payments into your bank account each with a reference and you insert those refs in your paypal account to verify that the bank account is yours.
If the Direct Debit must be used don't forget that you need to buy something and pay with paypal to get the Direct Debit used.0 -
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And maybe if you have sold an item, then the ebay fees will come off your bank account as a d/d, so long as you empty your paypal balance 1st, otherwise it will come off your paypal balamce, not your bank account.Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_Now a Part Timer from 27.10.190
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Not strictly true as you can "DD" some money into your PayPal account, and the just send it back once it is in your PayPal balance
You can Direct Debit from your bank account into your Paypal account? Doesn't Paypal have to do that? Hey TSB, I want to Direct Debit from my account to my Paypal account!0 -
You can Direct Debit from your bank account into your Paypal account? Doesn't Paypal have to do that? Hey TSB, I want to Direct Debit from my account to my Paypal account!
Yes you can but it is the other way around. Go to Paypal, link your TSB account, then from paypal you can pull £x from TSB. You have to do it manually once a month as it can't be automated. The money will be moved via a DD, when it arrives you can send it back to wherever it came from.0 -
thanks all0
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There is a way to setup recurring payments through PayPal. I can't for the life of me remember off hand, but there is a way to do it. You may be able to charge your paypal a recurring payment that pays into the account it takes from. You would essentially pay your own account and paypal would DD the funds from the account to pay you. Like a loop.GETTING BACK ON TRACK (SLOWLY)
Aqua Card: [STRIKE]-£1122.43[/STRIKE] £0 (DFD 12/04/17) | Barclaycard (0%): -£1898.85 (DFD 15/11/2020) | Blackhorse HP: [STRIKE]-£6997.00[/STRIKE] £0 (DFD 12/04/17) | Very.co.uk: [STRIKE]-£789.69[/STRIKE] £0 (DFD 12/04/17) | Zopa Loan (16.9%): £3135.00 (DFD 19/10/18) | Natwest Loan: £5584.00 (DFD 01/09/2020)
Debt: -£17628.12 @ 01/03/17 --> -£10617.85 @ 12/04/170
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