What payment methods can I use with PayPal?
You can add funds to your PayPal account balance from your bank account. It takes approximately 3 to 5 business days for the funds to post to your account.
You don’t need to have funds in your PayPal account to send a payment. You can send funds directly from a bank account, a credit card, or a debit card.
You can use any of these methods to send payments:
PayPal account balance
- Your PayPal account balance is the first payment method that we use when you make a payment.
Instant Bank Transfer
- With an Instant Transfer, you send funds instantly from your bank account.
- To make an Instant Transfer, you need to have a credit card and a bank account linked to your PayPal account.
- Your payment occurs immediately.
ECheque
- With an eCheque, you send funds in 3 to 5 business days from your bank account.
- An eCheque is like writing a cheque, only you send it electronically.
- The funds are deducted from your bank account immediately.
Credit or debit card
- You can pay with a credit or debit card if you don’t have enough funds in your PayPal account balance.
- Your payment occurs immediately.
Here's how to change your preferred payment method:
- Click Wallet.
- Click the preferred payment method.
- Click Set as preferred.
Please note that you need to add a payment method (such as a card) to your PayPal account before you can select it as a preferred way to pay.
Changing your preferred payment method won’t affect automatic payments. You can update your payment preference directly on the automatic payment.