Paypal payment hierarchy

Jbairbnb
New Community Member

Hi all,

 

I understand that if I use Paypal for a payment the below is the payment hierarchy.

 

1. PayPal Balance.
2. Instant Bank Transfer.
3. Credit or Debit Card.

4. eCheque.

 

In my situation I have a Paypal balance for the money I receive through AirBnB guests.

I never want to use that balance to pay for purchases I do as I want to pay personal purchases directly from my Visa Credit account.

 

At the end of the financial year I will get taxed on my AirBnb earnings and:

a. I don't want to lose oversight

b. I don't want to get caught out by having spend all of my earnings for personal purchases and end up with a surprise tax payment.

 

 

So the question is, can I change this Hierarchy so payment come directly from my Visa Credit account.

 

If not I will need to make another Paypal account linked to a different Visa Card....

 

Thanks

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@Jbairbnb

 

Paypal will always use funds in your balance first unless you are using pay after delivery (with your bank account) OR the funds are in another currency.

 

You are only allowed 2 paypal accounts IF x1 is personal and the other x1 is business.

If you have 2 of the same kind then you risk both being permanently limited  !!!


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Kudos / Solution appreciated.
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