How To Verify PayPal Account Without Bank Account [Complete Process]

You can verify a PayPal account without bank account. This article shows all possible ways to get your PayPal account verified without bank account.
verify paypal account without bank account

There are some few ways to verify a PayPal account without bank account and credit card. PayPal requires a bank account or credit card to let you start sending and receiving money with your account. Generally, without a funding source, you won't be able to carryout transactions with PayPal.

PayPal is a leading payment gateway and one of the best money transfer apps that let you send and receive money online safely and conveniently. Before you might be able to perform transaction with your PayPal account, you will need to verify it with a bank account.

Verifying a PayPal account without a bank account can be tricky but it is well possible. If you don't have a bank account to verify your PayPal account, the easiest way to get through this is to provide proof or your identity on PayPal.

PayPal will require you to provide a funding source for your transaction which is normally a bank account or credit/debit card. You can use other funding sources for your transactions other than a bank account or credit card. What are they?

Well that's exactly what we will be seeing today. That said, in this article, I will show you how to verify PayPal account without bank account or credit card using other funding sources.

What is PayPal?

PayPal is a secure online payment system that allows you to pay for products online and send and receive money.

You may use PayPal to make purchases online with participating stores once you link your bank account, credit card, or debit card to your PayPal account. PayPal acts as a go-between between your bank and merchants, ensuring that your payment information is kept safe.

You can also use PayPal to send and receive money from friends and family in a safe manner. This function can be beneficial for dividing rent with roommates or receiving money on your birthday, for example.

Why Use PayPal?

Secure Transactions

When you pay for products online with your debit or credit card, businesses may have access to your payment information. PayPal adds another degree of security by ensuring that merchants never view your personal information. PayPal also employs a number of security measures, such as end-to-end data encryption, optional two-factor account logins, and transaction email confirmations.

Easy and Convenient

After Visa, Mastercard, American Express, and Discover, PayPal is now the sixth most popular payment method, and it is accepted at millions of online retailers. Have you ever wanted to make an online purchase but couldn't because your credit card wasn't with you?

Without having to retype your card numbers, you may use PayPal to make a payment using cards linked to your account. To make a PayPal purchase, all you have to do is remember (or store) your PayPal login information.

Is PayPal Free to Use?

It's free to open a PayPal account, and most online purchases and personal interactions are as well. Certain sorts of transactions, however, are subject to PayPal fees.

Fees for Purchases

When shopping online with PayPal-accepting merchants, there are no costs as long as there is no currency conversion. For purchases made in a foreign currency, there is a 3% or 4% international transaction fee.

Fees for Personal Transactions

PayPal considers it a personal transaction when you give money to or receive money from friends and family for personal reasons rather than business ones. When making personal transactions, PayPal provides a dedicated "Friends and Family" option that you can use. Some of these transactions will incur fees, while others will not, depending on where the funds are being drawn from and where they are being sent.

There is no fee for a domestic personal transaction if you use your PayPal balance, bank account, or Amex SendTM Account, and a 5% fee (between $0.99 and $4.99 USD) for an international transaction if you use your PayPal balance, bank account, or Amex SendTM Account.

If you transfer money with a debit or credit card, you'll be charged 2.9 percent for domestic transactions and 5% for international transactions, plus a fixed fee that varies by country ($0.30 USD for payments made in the United States).

Is there a charge for receiving money using PayPal? In general, the answer is no. Receiving money from a friend via PayPal is free as long as there is no currency conversion.

Fees for Withdrawing Money

When you use PayPal, you may be charged additional costs. While there is no charge for transferring funds from your PayPal account to a local account, you will have to wait for the cash to clear. You'll have to pay a 1% fee if you want instant access. Additionally, there is a $1.50 fee for withdrawing a check from your PayPal account.

How to Open a PayPal Account

Before you open a PayPal account, you must first determine which type of account you need. PayPal accounts are divided into two categories: personal and business.

Personal PayPal Accounts

The most popular account for individual use is a personal PayPal account. It's all you'll need to send and receive money, as well as make online purchases using PayPal. You may also check your purchase history, join new bank accounts, and add credit cards to your account using this account.

Business PayPal Accounts

PayPal also offers business accounts that allow them to take PayPal payments as well as credit and debit cards online or in person, even if their customers do not have PayPal accounts. Professionals and service-based enterprises can securely send invoices to clients and accept PayPal online payments.

How to Create a PayPal Account

You can create a PayPal account using your computer or mobile browser, or you can use the PayPal app directly. The following are the steps you must take:

  • Go to paypal.com or download the PayPal app from the App Store or Google Play.
  • Click the blue "Sign Up" button.
  • Select "Personal Account."
  • Add your phone number and you'll receive a text with a security code to enter on the next screen.
  • Enter your legal first and last name, email address and a secure password.
  • Then, enter your mailing address and agree to PayPal's privacy policy. This will create your account.
  • Finally, add a credit card, debit card, or bank account to your PayPal account.

How to Verify a PayPal Account

Verifying your PayPal account is crucial to start carrying out transactions with PayPal. PayPal requires you to provide your bank account, credit or debit card as a way to verify your account.

You can verify your PayPal account by following the steps below.

  1. Login to your PayPal account.
  2. Tap "Get Verified" on your Account Overview.
  3. Select the verification method you want to use (in which case can be your bank account, credit or debit card).
  4. Enter the information, then tap "Continue".
  5. Tap "Confirm", then click "Submit".

How to Verify PayPal Account Without Bank Account

To verify your PayPal account without bank account, you may need to provide your proof of identity. To do so, go to this PayPal page and provide the information required from PayPal to verify your account. Keep in mind that the information required to verify a PayPal account without bank account may differ for based on the region.

As for the funding source to use for your transactions, you have many options. To begin, you can apply for a new credit card or buy a prepaid debit card supported by a national electronic payment service.

The Visa or MasterCard logos are usually clearly visible on the front faces of these cards. While PayPal provides its account holders with a proprietary credit card, this product normally requires pre-approval. 

To put it another way, you'll have to complete a credit check in order to get a "PayPal Visa." If you have bad or no credit, you may not be able to meet the company's minimum credit requirements.

Approval conditions for PayPal Buyer Credit, a program designed to boost regular customers' purchasing power, may be a little more lenient. However, only a small percentage of PayPal users are approved for Buyer Credit without also being approved for the service's own Visa card.

Other credit and debt cards, on the other hand, have more lenient acceptance criteria. Prepaid debit cards sponsored by Visa are now available from a number of national conglomerates, including Walmart and General Electric.

These prepaid items are accepted at most establishments that accept conventional Visa credit cards. Many national banks and credit card firms, on the other hand, offer "secured" credit cards for high-risk consumers. You should be informed that you may be required to put down a security deposit before being approved for these cards.

If eligible, you will be able to get a PayPal Plus Credit Card.

To apply for a PayPal Plus Credit Card, login to your PayPal account on the PayPal website and tap on the "Personal" tab across the top of the screen and you will be taken to "Financial Products"

Click "PayPal Plus Credit Card" in the dropdown menu after scrolling over "Financial Services" beneath the "Personal" header. Then select "Apply Now" from the drop-down menu.

Log in with your PayPal credentials and double-check your contact information. Decide whether or not you want to participate in the Account Security program. Fill in your date of birth, read and accept the terms and conditions, and then click "Agree and Continue" at the bottom of the page.

Wait up to 30 seconds for a PayPal approval decision. Your account will be linked to and verified with your card, and the card will be mailed to you.

One other good and effective way to verify your PayPal account without bank account directly is by using virtual options (virtual banks and virtual cards).

1. Use a Virtual Bank for PayPal

Virtual banks are leading in the finance industry as many online bank account providers are offering banking services to customers over the internet. Virtual bank accounts come will lots of benefits than traditional banks. For instance, European bank accounts offered by N26 benefit of the SEPA banking benefits.

There are many virtual bank accounts that have been proven to work with PayPal. The reason you need a working virtual bank for PayPal is because PayPal is known for screening virtual banks.

That said, here are the best virtual bank accounts for PayPal.

2. Use a Virtual Card for PayPal

Virtual cards are very important financial assets for every business man. There are many virtual credit/debit card providers and you can even get a free virtual card without bank account.

There are many virtual card providers for PayPal which you can use to get verified on PayPal.

That said, here are the best virtual credit card provider for PayPal.

How to Verify PayPal Account Without Bank Account and Credit Card

You can verify a PayPal account without bank account and credit card by using a virtual card. If you don't want to use a virtual solution, then you can use a debit card instead. You can also apply for a PayPal Plus Credit Card to use as a funding source for your transactions.

Fake Bank Account to Verify PayPal

You cannot use a fake bank account to verify your PayPal account because PayPal verifies and identifies every bank you link to your account. Plus, using a fake bank account to verify PayPal wouldn't be beneficial for you too since your funds wouldn't be secured.

Final Thoughts on How to Verify PayPal Account Without Bank Account

PayPal lets its users send and receive money online safely and conveniently. But, before being able to do such transactions with PayPal, you will need to verify your account. PayPal will require you to use a bank account, credit or debit card to verify your account. However, you can use other funding sources for your PayPal transactions other than a traditional bank account or bank card.

Using a fake bank account to verify PayPal isn't a good idea because your account might be restricted. This article provides all you need to verify a PayPal account without bank account.

References:
https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444
https://www.bankrate.com/finance/credit-cards/guide-to-using-paypal/
https://thelawdictionary.org/article/how-do-i-verify-a-paypal-account-without-a-bank-account/
https://itstillworks.com/verified-paypal-bank-account-5213253.html

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About the Author

Graphic Designer, Web Developer, Ethical Hacker, Programmer, Content Creator is what I am and over all a Biochemist with an aim of bypassing all restrictions that separate me from my objectives.

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