Yes, it is generally considered safe to link a bank account to PayPal. In fact, no PayPal account can work at 100% if no bank account or bank card (debit card) has been linked to the account.
Well, now that you know that it is safe to link a bank account to PayPal, I guess you will be thinking about going to link your bank account to your PayPal right now.
Well, below, we will show you how to link your bank account or debit card to PayPal and use your PayPal account at its maximum potential.
Linking a Bank Account to PayPal
PayPal, since its creation back in the 1990s, has grown to date and is now considered the most popular and secure money transfer app in the world.
And one of its power forces is the security measures it implements to secure both the buyer (PayPal's buyer protection) and the seller (PayPal's seller protection). However, this comes at a cost of high fees within the platform for its transactions.
Why Link a Bank Account to PayPal?
Well, there are several reasons why people prefer linking their bank accounts. Some of these benefits are;
1. Linking a bank account provides a more flexible and easier way to track and keep record of how your expenses are done on your account.
2. Several payment methods are also unlocked, including a very popular one "PayPal Pay in 4," and many others. That will increase options for sending and receiving money.
How to Link a Bank Account to PayPal
Well, to link your bank account, follow these steps below:
1. Log in to PayPal. Access the account and go to your PayPal's digital wallet.
2. Add a payment method. To add a payment method, select the “Link a bank account” option and enter the necessary information to verify the bank account. Follow the verification process to complete the setup.
3. Start shopping. Once the bank account is linked, it can be used to make purchases or send and receive money through PayPal.
Can I unlink my bank account?
Well, yes. If you can link it, I guess you can remove it too. There are two ways to remove it. Either by putting or replacing the account with a new one, or you just completely delete it from there.
To do so, just go back to your linked accounts and select the one you want to remove.
Then you click on it and check the options that follow and go to remove account. Once you remove your account, no transaction will involve that account again unless you reinstate it.
Can I link more than 1 account?
Yes, PayPal allows that their customers can be able to link several bank accounts, enabling users to choose the most suitable account for specific transactions. That is, to choose the primary account, secondary or even more.
Take Home
It is very secure to link your bank account to your PayPal account. However, with the numerous complaints we found online while doing our research, we will advise you to use a better option.
We will advise that you use a less vulnerable platform like your debit card or even your credit card and link it to your PayPal account.
Many have been victims of scams online, which has caused them to lose money from their bank account after the scammer wiped out their account balance with PayPal.
And PayPal will consider these transactions as yours, and it will be very difficult to dispute for a refund. Some have disputed and succeeded, but you are not sure if you will also succeed, so better for you to avoid it. Prevention is always better than cure.