FinancePersonal Finance

How to bind a card to Paypal when registering with a payment system?

The American payment system Paypal , without fail, requires information about the payment card of the user of the system for conducting settlement transactions. This information allows you to transfer funds within the system, withdrawing or replenishing (if such an operation is possible for the country of the user) dollar balance of the bank card. However, with online work, with similar systems, many users may find it difficult to collaborate this kind of (due to the lack of a "live" representative of the company that could explain how to tie the card to Paypal, input methods, as well as ways to cash out funds and many others Nuances of the environment). But do not immediately put your hands up, because today the information is fairly accessible and without the representatives of various companies, and the structure and tools of Paypal are understandable at the level of intuition!

Before you tie a card to Paypal, It is necessary to remember that the company cooperates with Russian banks only on conditions of input of means into the system for realization with its help, various settlement operations (purchases on eBay, for example). Otherwise, if you need to withdraw funds from Paypal, the cards that serve this transaction must belong to the payment account of a bank registered in the United States.

The binding of the card to Paypal occurs in stages (if there is a user account in the system). To do this, log into the menu of your account, you need to use the "Profile" option and highlight the "Add a card" operation in it. After that, choose the type of user's added card (MasterCard, Visa, American Express or Discover) from the displayed list. Then enter the card number in a special cell consisting of 16 digits. In addition, a little later, you must specify the validity period of the card and the security code that is on the signature line and consists of three digits. After that you need to specify the address of the invoice, which is useful for getting rid of unnecessary manipulation in the system. Nothing difficult for the user! Then select the "Add a card" operation. After the passed way, the card will be added to the Paypal database . But for carrying out payment transactions with its help, the card must be verified. At this point, the Paypal bindings Will withdraw from the account one dollar and ninety five cents US. Next, you need to go to the bank servicing this card account (or use the online banking service) to find out the transaction transaction in front of the transaction amount of $ 1.95, where the information should be in the form of "1234paypal". The first four digits specified for the transaction should be entered in the payment system account . Thus, the card is verified. And for the user of the system there will be an opportunity to conduct payment transactions.

In addition, before you tie the card to Paypal To withdraw funds, it is worth remembering the possible claims from the US tax authorities, which may be more vigilant specialists (as opposed to domestic tax authorities). And the consequences of their cooperation, albeit unlikely, but not encouraging. However, users who were able to figure out how to tie a card to Paypal are unlikely to be greatly alarmed by such a phantom probability of exposure.

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