More about Bank Transfer:
PayPal
enables anyone with an email address to send and receive online payments. As
a customer you can pay for your items using your bank account, credit card or
PayPal
balance and the order will be processed instantly.
Speed - send money instantly from your bank account
Having set up bank funding with PayPal, your bank account becomes your
default payment option. You then have the option to make payments by Instant
Bank Transfer. This is when your money is debited from your bank account and
then transferred into the recipient's PayPal account instantly. In the
event that there is not enough money in your bank account to make a payment,
your debit or credit card acts as a back-up funding method.
First Step to gaining the Verified status
When a PayPal member receives the status of Verified it signifies that s/he
has passed a series of stringent security checks carried out by PayPal. It
sends out a message to other buyers and sellers that this person is
trustworthy, so it is important to try to get Verified as soon as possible.
How to Set Up Bank Funding
Step 1:
Register or Log in to your PayPal account and click on Set up bank funding
on the left hand side of your Account Overview page. When prompted, enter your
bank details and review the bank funding agreement.
Step 2:
After you provide your bank details, PayPal will deposit two small
amounts into your bank account. Check your bank statement online or wait for
the paper statement and make a note of these amounts.
Step 3:
Log in to your PayPal account and provide what these two amounts are.
There will be a link in your PayPal account to access this verification process.
When you have completed all three steps, you can then start sending PayPal
payments funded by your bank account. Go to
www.paypal.com
to start the process.