Multiple paypals with one bank account

Discussion in 'Market Discussion' started by Superfluous, Jul 13, 2014.

Multiple paypals with one bank account
  1. Unread #1 - Jul 13, 2014 at 11:32 AM
  2. Superfluous
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    Multiple paypals with one bank account

    So I'm at my $4000/month MoneyPak redemption limit, and I want to redeem more if possible (seeing as it's only July 13). Can I make a new PayPal account and connect it to my same bank account so that I can do this?
     
  3. Unread #2 - Jul 13, 2014 at 11:37 AM
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    Multiple paypals with one bank account

    You can add a bank account to one PayPal account at a time. However, if approved, you may be able to add the bank to a second PayPal account. You will be informed when linking the bank to the second PayPal account if you have been approved.
     
  5. Unread #3 - Jul 13, 2014 at 1:06 PM
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    Multiple paypals with one bank account

    i know you cant use the same bank acc for the any other paypal ive tried. it will say its already linked. but you could always use your brothers name or something? :d
     
  7. Unread #4 - Jul 13, 2014 at 1:48 PM
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    Multiple paypals with one bank account

    When you verify a bank account with a PayPal, unlinking the bank account keeps your PayPal verified. You could try to unlink your bank account from your normal PayPal, and use it to verify the new one and then add it back to your original PayPal account. If this gives you a $4000 MoneyPak limit on the new PayPal you should be all set.
     
  9. Unread #5 - Jul 13, 2014 at 2:12 PM
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    Multiple paypals with one bank account

    The bank I'm with at the moment allows me to create new accounts on the fly in addition to the traditional checking/savings. I've never created more than one PayPal (and keep in mind that doing so without PayPal's knowledge probably puts you at risk of having your money frozen), but the uniqueness of a bank account is likely determined by its account number, so using alternate accounts should work just like using checking and savings separately works. Phone your bank and see if this is something you're able to do.

    Better yet, doesn't PayPal have processes to remove limits? Why not just do it through PayPal?
     
  11. Unread #6 - Jul 13, 2014 at 3:20 PM
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    Multiple paypals with one bank account

    Since moneypak redemption requires you to give all of your info to moneypak, including your social security number, I doubt simply making a new paypal will allow you to redeem more.

    I have no idea why green dot has been acting all fucked up lately and won't let people redeem shit.
     
  13. Unread #7 - Jul 13, 2014 at 5:06 PM
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    Multiple paypals with one bank account

    just open a new bank account the last two digets on your pp make all the difference.
     
  15. Unread #8 - Jul 13, 2014 at 5:58 PM
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    Multiple paypals with one bank account

    In these days we can take new card in 1 hour, so I don't think that it would be big problem. Another thing is that you cannot use 1 card on 2 or more paypal.
     
  17. Unread #9 - Jul 13, 2014 at 6:34 PM
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    Multiple paypals with one bank account

    You can unlink your bank account on your primary and relink it to your "new" PayPal account and then redeem as necessary. Your primary account will remain verified and you can still redeem more MoneyPak cards.

    Cheers.
     
  19. Unread #10 - Jul 13, 2014 at 7:54 PM
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    Multiple paypals with one bank account

    I doubt you could use the same bank account because you would be in violating of PayPal's one account policy and they would find out then limit you.
     
  21. Unread #11 - Jul 13, 2014 at 10:22 PM
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    Multiple paypals with one bank account

    You could make a business paypal and use that
     
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