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Super Contributor
Posts: 375
Registered: ‎07-27-2010

Do you trust PayPal with your bank acct. information

Hi All,

 

I have a PayPal (PP) acct, connected to my credit card.  I only use PP to pay for items -- I never sell anything so I never have monies coming into PP.  However, Mr. Rebates owed me $ and I opted for the money to go directly to PP rather than to receive a check (weird mail happenings lately in my neighborhood). PP did receive the money and I have these options: (1) keep the money in the PP acct. for future use: (2) apply the money to my credit card; or (3) have the money transferred into my bank acct.  I would prefer to have the last option #3 but I am wary of giving out my bank acct. info.  YOUR thoughts & replies are appreciated...did you or would give your bank acct. info to PP?   TIA

Honored Contributor
Posts: 25,929
Registered: ‎03-09-2010

Re: Do you trust PayPal with your bank acct. information

All paypal has of mine is one CC # and it has a $500 limit because would not be buying anything that large with this card.Thus - the most I could ever lose is $500.I never buy online except with paypal.

Super Contributor
Posts: 481
Registered: ‎08-21-2011

Re: Do you trust PayPal with your bank acct. information

In a word, yes.

Honored Contributor
Posts: 18,415
Registered: ‎11-25-2011

Re: Do you trust PayPal with your bank acct. information

@MsCatLuver

Visualize a large digital ‘moat’ around your bank account.

Let no one enter!

“You Shall Not Pass!” (a little Gandalf advice)

Never, ever let a retailer enter your bank account.

 

Out of the choices, I would apply the money to your credit card.

Create that paper trail in case something goes sideways.

Respected Contributor
Posts: 4,882
Registered: ‎03-21-2010

Re: Do you trust PayPal with your bank acct. information

My answer is NO 

Respected Contributor
Posts: 2,181
Registered: ‎03-14-2010

Re: Do you trust PayPal with your bank acct. information

Paypal is a part of Bancorp Bank.  I think their website is as safe and encrypted as any other banking institution.  I've had an account for several years and never had an issue.

Super Contributor
Posts: 375
Registered: ‎07-27-2010

Re: Do you trust PayPal with your bank acct. information

Thanks for ALL of your replies

Honored Contributor
Posts: 18,514
Registered: ‎03-09-2010

Re: Do you trust PayPal with your bank acct. information

Yes, had it for over 13 years, no issues so far.

Esteemed Contributor
Posts: 6,493
Registered: ‎08-20-2012

Re: Do you trust PayPal with your bank acct. information

        I cancelled my PP account years ago  I kept receiving "emails" saying that there was an issue with my PP account.  Never answered the "email" of course, but when I would call PP, there was no issue.  Did not use it much, but felt safer without the monthly -bimonthly scam emails!!!  

Honored Contributor
Posts: 18,415
Registered: ‎11-25-2011

Re: Do you trust PayPal with your bank acct. information

Wasn’t PayPal in the news several months ago...regarding privacy issues?