Bank Type - Checking, Status - Confirmed

arvkonstantin
Contributor
Contributor

Hello, I added a bank account, a day later I received a transfer with a confirmation code. I entered the code, the status became - Confirmed. However, the type is Checking. How long does it take to pay in the online store?
Thanks for your attention!

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5 REPLIES 5

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@arvkonstantin 

 

'Checking' for "type" means type of bank account. (ie. Savings or Checking account) You should be able to use the bank account now.

 


Kudos & Solved are greatly appreciated. 🙂
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arvkonstantin
Contributor
Contributor

Thanks for your reply, @yunoftp .
After I click pay via paypal, my page opens like on an attached image. If I enter the IBAN of my card there, it says to me that your bank account has already been added. But how to pay with it?

 

Unbenannt.png

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@arvkonstantin 

 

Keep in mind that if you do not also have a credit card linked, the bank payment may go though as an eCheck which are super slow and both you and the merchant will have to wait for the funds to clear the bank and received by merchant before merchant can proceed in shipping your order. Some merchants do block eChecks and prefer Instant Bank payment which is backed by your credit card and PayPal fronts the money ahead to the merchant immediately and wait for your funds to clear and charges your credit card if there is insufficient funds where you run the risk of overdraft bank fees so you must add funds to bank account as soon as possible for PayPal will try to present payment up to 2 times. You can get hit with overdraft fees twice before charging your back up credit card.


Kudos & Solved are greatly appreciated. 🙂
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yunoftp
Contributor
Contributor

i have the same problem but it worked the past months why is this happening now and not in the past

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arvkonstantin
Contributor
Contributor

@yunoftp 

Hello! found a solution?

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