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Posted on Feb 23, 2010
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I have had my paypal account limited and I wish to draw funds out of it. How do I do that?

  • Anonymous Mar 16, 2014

    I wish to view my account balance

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1 Answer

Bhautesh Patel

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  • Master 402 Answers
  • Posted on Feb 23, 2010
Bhautesh Patel
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Login to your Paypal account. If you don’t have a Paypal account yet, then sign-up for an account.

Once logged in, click the Add/Edit Bank Account link by hovering over the Profile link under the My Account tab.

Click the Add button to Add a Bank Account to your Paypal Account. In this step, you simply have to accomplish the form with the following information:

Country
First name
Last name
Bank name
Bank code
Account number

You can easily fill in all the information, except maybe for the Bank code. I got the list of bank codes from http://pages.ebay.ph/bankwithdrawal/bank_codes_ph.html. As indicated in the Paypal instructions, your bank account in the Philippines should be able to receive payments in Philippine Pesos.

Once you successfully added a bank account to your Paypal account, click the Withdraw link under the My Account tab.

Paypal offers two options for withdrawing funds from your Paypal account: Withdraw funds to your bank account and Withdraw funds your card. Since I did not know what will happen if I chose the second option and I did not have a debit or prepaid card, I clicked on the first option.


Have a great day,

Bhautesh

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Related Questions:

0helpful
2answers

I have just seen that my pay pal account has no funds ,Iuse a credit card for payment when Ishop on line ,how can this be?

If you pay with paypal via credit card your account will always show no funds. The only time that it will show funds is if you have received a refund from a seller or had money transfered into your account.
Paypal will only draw against your nominated credit card account when you press the pay now key. It will not show what funds you have in that credit card account.
1helpful
1answer
0helpful
1answer

I didnot realize that they were going to charge me for joining i cannot afford that kind of expense

You must be setting up Premier and Business accounts.
A PayPal account can provide a convenient way to handle many kinds of financial activities online.

You can securely send and receive money, purchase items from online merchants and even pay some of your household bills without revealing your financial data or credit card numbers to strangers.

PayPal makes these services available through your computer and through mobile devices.
Like your local bank, PayPal also lets you download a monthly statement and other reports about your online activities. EBay owns PayPal, and it is the preferred payment method for many buyers and sellers in EBay auctions.

Registration

Visit the PayPal site to review the account types (personal, premier and business) and the terms of service.

You must provide your name, address and email address to begin the registration process.
After PayPal confirms that your email address is valid, that email will become your login identification.
You will choose your own password during the registration process.

You must also select two challenge questions and answers that you will use to request a lost password if yours is lost or forgotten.


Verification
After you register, PayPal must verify your identity and your financial information before you can use your account to make payments.

Verify your account by giving PayPal your bank account information, a credit card number or your debit card information.

To verify that you have an account at the financial institution, you must agree to allow PayPal to make a small deposit to the account that you provided account.

After your financial institution acknowledges receipt of the PayPal deposit, you will be ready to use your PayPal account.
Linking Accounts

PayPal gives you the option of linking your credit card or bank account to your PayPal account, after verification.

When someone sends funds to your PayPal account, you can leave the money there for future use, use it to shop or make payments.

You will also have the option of transferring the funds out from your PayPal account into your bank account that is on record in your profile.

If you prefer to keep your funds separate, you can make deposits to your PayPal account from your regular bank account.

When you use PayPal for online transactions, you can choose each time whether to use only the funds in your PayPal account or to use funds from your bank or credit card account.

PayPal also offers a reloadable MasterCard debit card that qualified account holders use to immediately transfer their funds from their PayPal account. It is accepted at ATMs, as well as online and offline merchants that accept MasterCards.
Upgrades

You may need to upgrade your personal account to Premier or Business if you need to accept credit card payments.

PayPal charges Personal account users fees for receiving money from credit card payments.
It also limits your total monthly transactions.

Premier and Business accounts have higher monthly transaction limits; however, they also have fees for receiving credit card payments. https://www.paypal.com/us/cgi-bin/helpweb?cmd=_help
0helpful
1answer

I went to purchase an item today and my Paypal account did not allow the transaction to go through. Why? Thanks You, Bill Ferm

First check the funding source when trying to make the purchase. Some transactions allow debit/credit card only and it maybe trying to take from a funding source which does not have the transaction value available on it.
Paypal do have account limits if you are not fully verified, to see if you have reached your sending limit, when you login to your account, at the top where it says your name - move across and you will see a link which says view limits. Click the link and check that sending limits have not been reached.
Finally if you were trying to pay with funds from your actual paypal account, make sure that the funds are also in the currency which your transaction is. As when it is funds direct from your account and no debit card involved, the currencies have to match for it to go through.
0helpful
1answer

How do i take my money from paypal when someone buys something from me on eBay?

Welcome to FixYa
Dear user,
You can withdraw your earned amount directly to your Bank account . First of all log in to your Account. Procedures may be vary in certain countries. You have to add your Bank account details to withdraw Balance.
Check out these links for more info.
  • How do I withdraw funds from my PayPal account? Here
  • Can I withdraw funds to my credit, debit, or prepaid card? Here
  • How long does it take to withdraw funds from my PayPal account to my bank account? here
  • What is the Withdrawal Limit for new U.S. accounts? Here...
Hope this helped...Thanks for Connecting FixYa...
0helpful
1answer

How to set up my paypal account and so i can transfer money from my bank account into my paypal when i need to

You don't actually have to transfer money into your Paypal account from your regular bank account in order to pay with Paypal.

Just make sure that your linked bank account is confirmed as your PRIMARY FUNDING SOURCE in your Paypal account PROFILE SETTINGS.

Then whenever you make a purchase using your Paypal account, the necessary funds will be drawn directly from your regular bank account automatically by Paypal.

If you already have some money in your Paypal account, then Paypal will automatically use that money first, then take out whatever remaining balance is necessary from your Primary Funding Source bank account or credit card.

So in short, you don't have to worry about putting money into your Payypal account in order to make a purchase. Just make sure you have enough of a balance in your bank account or credit card to cover it and the money will be transfered automatically by Paypal, as long as that account or credit card is set as your Paypal Primary Funding Source in your Paypal account profile settings.

Good luck.
1helpful
1answer

I'm from the Philippines and I always want to buy online but the problem is i don't have a Credit Card and Debit Card. The only thing that i have is Bank Account. So i can use PayPal? How?

Hi there,
Paypal uses funds that are added to your Paypal account or withdrawn from your bank account/credit card/debit card.
If the only thing you have is a Filipino bank account (BDO, RCBC etc ) you can withdraw funds from the bank account to your Paypal account.
To do so, you must first add your bank account to your Paypal account by going to Paypal, where it says My Account > Profile > Add or Edit Bank Account.
Here you enter your banking details as required, Paypal will make sure that it is your account by depositing a small amount of money to your account (takes 3-5 days) and then asking you to verify that amount before the bank account is confirmed and linked to your Paypal account.
After you've linked your bank account to your Paypal account you can then withdraw funds to it by going to My Profile > Add Funds. This process also takes 3-5 days to complete.
The funds withdrawn to your Paypal account from your bank account will now allow you to make instant payments with funds direct from your Paypal account.
Alternatively if you make a payment for anything you buy online and wish to pay with your Paypal account and don't have any funds, Paypal will deduct the funds from your linked bank account. The process usually takes 3-5 days to complete.
Hope I have been of assistance to you, Cheers ! :)
0helpful
1answer

How do I get paypal to remove my limit

Hi Steveboyd10,

All PayPal accounts are initially 'Unverified' and have limits on sending, receiving and withdrawing money. To remove these limits and to comply with EU law, we will ask you to verify more information about yourself by completing some or all of the steps below:

  1. Set up bank funding
  2. Link and confirm a credit or debit card
  3. Provide business information (Premier and Business accounts only)
  4. Confirm your address
By setting up bank funding your PayPal account will become Verified.
You can complete the steps and remove all your limits, as follows:

  1. Log in to your PayPal account.
  2. Click the 'View Limits' link on the 'Account Overview' page
  3. Tick the box next to 'Receiving Limit per year' and click 'Lift Limits'
  4. Follow the instructions to lift each one
You can begin these steps at any time, however if all the steps are not completed and you reach the annual receiving limit then you will no longer be able to withdraw or send money, fund transactions or close your account until you complete the steps.

Good Luck!
Thank you for using Fixya!
0helpful
3answers

Can we accept remittances from abroad like the US through Paypal? Like relatives sending me money?

If your question is: Can someone from abroad send you money through PayPal - the answer is, Yes. They will need to access their PayPal account - click, send money - then enter your email address (where the money is to be sent) - then make sure the funds are to be sent to you in USD (U.S. Dollars)

You'll receive an email asking if you wish to accept the funds. It's that easy.
2helpful
1answer

1:Can i load the money in my PayPal account directly to my credit card without loading it into my bank account ? How to do that if the answer is yes ? If there are steps , would you please describe them ?...

Okay

you can load money on your paypal account using a GREEN DOT prepaid card ONLY otherwise your going to need to add a banking account with routing number.

there is a $500 max recieve limit on standard accounts now if you pay the one time $20 bucks to upgrade to PRO then those limits are then taken away.

the best one is pro account. and all this information can be found att www.paypal.com under the FAQ section.

To load the green dot you need to go to wal mart or a retailler to purchase the card then you come back and add funds from that when you put the green dot into your account it will auto load!!

Paypal has contracts with GREEN DOT.

I hope this information does help please do leave your feedback or ratings for your free answer today!

Btw, I’m available to help over the phone in case u need at https://www.6ya.com/expert/edwy_1a56970cf1ea4620

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