Stupid fucking Paypal!!

[Rockslinger]

How would I make payments via Paypal, then?

Can't you use just your credit card? That is what I do. NO BANK ACCOUNT INFO.

 

[fuji]

How would I make payments via Paypal, then?

With your credit card linked to PayPal instead of a bank account. As I understand it, they forced you to link your bank account in order to process one particularly large transaction -- having put it through, you can remove your bank account.

And in general I would recommend seeking out other methods of sending large payments -- it is just crazy to have your bank account linked to PayPal. With a credit card you benefit from all sorts of very tough consumer protection laws that essentially means any fraud that occurs is the CC's problem. PayPal has no such regulatory protection, and the protection available through your debit account is significantly less than with a credit card.

 

[dj70]

I ran into this situation last year when I was using PayPal for my business: There are two reasons PayPal would prefer you to authorize payments directly through your bank account: Firstly because then they don't have to pay the merchant transaction fee to the CC company: Amex, Visa, MC and secondly so they don't have to eat the charge-backs if you decide to dispute the charges to your card. They give you a CC limit of a few thousand, then they insist, if you want to keep using the account, that you 'verify' your PayPal account by tying it to a bank account. It just needs to be a real bank account, doesn't need to have any money in it and as genie888 pointed out, you can decide on your method of payment when you conduct the transaction by choosing 'bank account' or 'credit card'. The default will always be the bank account as I said, because PayPal pays the transaction fee to the CC company when you use your card. I'm sure they've negotiated some sweet deals with the major card processors but they're going to try and reduce their transaction costs as much as they can.

 

[alwayswantto]

That does look like phishing email. Don't click any links in it. And do be paranoid. Paypal will NEVER ask you to verify your account.

You would think Paypal would verify spelling in a standard message (sending limit rather than spending limit).