Direct Debt?

zak2012

How can i set up Monthly direct debtf for paypal?and choose amounth and date? i just tried to set up direct debt from paypal but i cant find anywhere where you choose amount and date ,please any idea how to find this?thanks

badger09

zak2012 wrote: »

How can i set up Monthly direct debtf for paypal?and choose amounth and date? i just tried to set up direct debt from paypal but i cant find anywhere where you choose amount and date ,please any idea how to find this?thanks

You can't automate it to pay every month. Once the DD is set up with Paypal you need to remember to log into your pp account and pay it every month.

zak2012

badger09 wrote: »

You can't automate it to pay every month. Once the DD is set up with Paypal you need to remember to log into your pp account and pay it every month.

ok thanks,so i need to go on paypal and pay into thier account ordo transfer evry month?

im trying tosetup direct debt so i can get halifax £5 monthly reward.so if i do transfer £2 a month from my bank to paypal they see it as direct debt? thanks

xylophone

Have you tried opening an Internet Saver and an Everyday saver with Tesco?
You can set up a DD on each to pull money from another bank account.

zak2012

xylophone wrote: »

Have you tried opening an Internet Saver and an Everyday saver with Tesco?
You can set up a DD on each to pull money from another bank account.

I just opended tesco current account,and when i log online they dont let me to open tesco saver untill i get my new current account set up,
i will close tesco current account after few weeks once i use it for switch with another bank to get reward. do tesco let me still open internt saver even if i close thier current account ,thanks

Tragen

FWIW, I've used a single internet saver to set up 2 DD's from the same bank account. I've also done this on 3 accounts.

Biggles

zak2012 wrote: »

ok thanks,so i need to go on paypal and pay into thier account ordo transfer evry month?

No.

You set up the Direct Debit on the PayPal website. Then, any time you owe them money (ie when you have bought something) you will get an email telling you how much is due and when it will be debited from your bank. No action is required on your part.

badger09

Biggles wrote: »

No.

You set up the Direct Debit on the PayPal website. Then, any time you owe them money (ie when you have bought something) you will get an email telling you how much is due and when it will be debited from your bank. No action is required on your part.

But zak2012 is hoping to use PayPal as a direct debit to fulfil the T&C for a switching incentive.

This can be done, but cannot be automated to work each month. You can arrange for PayPal to take payments from a number of current accounts, by direct debit, but unless you buy something using PayPal every month, you would have to log into your PayPal account every month and make a payment into your account.

Too much hassle for most people when there are far easier ways;)

takman

zak2012 wrote: »

I just opended tesco current account,and when i log online they dont let me to open tesco saver untill i get my new current account set up,
i will close tesco current account after few weeks once i use it for switch with another bank to get reward. do tesco let me still open internt saver even if i close thier current account ,thanks

I would keep the Tesco Current account because you can get 3% interest on balances up to £3000.

agrinnall

badger09 wrote: »

But zak2012 is hoping to use PayPal as a direct debit to fulfil the T&C for a switching incentive.

This can be done, but cannot be automated to work each month. You can arrange for PayPal to take payments from a number of current accounts, by direct debit, but unless you buy something using PayPal every month, you would have to log into your PayPal account every month and make a payment into your account.

Too much hassle for most people when there are far easier ways;)

What switch requires a DD to have a payment made every month? The ones I've looked at just require it to be active, which could mean 1 payment in the previous 13 months (and possibly no payments in some circumstances).