How to link a card to Paypal when registering in a payment system?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The American payment system Paypal requires information about the system user's payment card account to carry out settlement transactions. This information allows you to transfer funds within the system by withdrawing or replenishing (if such an operation is possible for the user's country) the dollar balance of a bank card. However, when working online, with such systems, it may seem difficult for many users to cooperate of this kind (due to the lack of a “live” company representative who could explain how to link a card to Paypal, payment methods, as well as ways to cash out funds, and many others nuances of this environment). But do not immediately shrug, because today the information is quite accessible even without representatives of various companies, and the structure and tools of Paypal are understandable at the level of intuition!

Before linking a card to Paypal, you need to remember that the company cooperates with Russian banks only on the terms of depositing funds into the system to carry out various settlement operations with its help (purchases on eBay, for example). Otherwise, whenthe need to withdraw funds from Paypal, cards servicing this operation must belong to a payment account of a bank registered in the USA.

Linking a card to Paypal takes place in stages (if there is a user account in the system). To do this, having entered the menu of your account, you must use the "Profile" option and select the "Add a card" operation in it. Then you should select from the displayed list the type of card added by the user (MasterCard‎, Visa, American Express or Discover). Then enter the card number in a special cell consisting of 16 digits. In addition, a little lower, you should indicate the expiration date of the card and the security code, which is located on the signature line and consists of three digits. After that, you need to specify the address for entering the account, which is useful for getting rid of unnecessary manipulations in the system. Nothing complicated user expects! Then you should select the operation "Add card". After the path has been completed, the card will be added to the Paypal database. But in order to conduct payment transactions with its help, the card must be verified. At this linking stage, Paypal will deduct one dollar and ninety-five US cents from the account. Next, you need to go to the bank servicing this card account (or use the online banking service) to find out the transaction statement opposite the transaction in the amount of $ 1.95, where information in the form “1234paypal” should be located. The first four digits specified for the transaction must be entered in the payment system account. Thus, the card is verified. And forthe system user will be able to carry out payment transactions.

In addition, before linking a card to Paypal for withdrawing funds, it is worth remembering possible claims from the US tax authorities, who may be more vigilant specialists (unlike domestic tax authorities). And the consequences of their cooperation, although unlikely, are not encouraging. However, users who were able to figure out how to link a card to Paypal are unlikely to be very alarmed by such an illusory likelihood of exposure.