JPMC RE PAYPAL

[Bjmackay]

Hi I've just noticed a dd payment on my bank statement listed as jpmc re PayPal could you please clarify what this is as it doesn't show on my PayPal account. Thank you

[kernowlass]

@606missy 

When you add a bank account to paypal it sets up the direct debit mandate JPMC Paypal so that paypal can take authorised payments for any purchases you make (or pay your Ebay fees).
No company eg water/electric can take funds from your bank account on a regular basis without that direct debit.
However the amount shown is always the ''last'' transaction / amount that you paid to a seller via paypal.

It is not a 'regular' payment and won't change until you pay your next seller.

Sometimes it does not coincide with the date you made the payment as paypal CREDIT the seller in advance and then paypal wait for the funds to transfer from your bank account, they can 'leave' that account at anytime from a few hours up to a few days later. Also the 'amount' can sometimes not be recognised if you used it as a part-payment with the rest coming from funds already in your paypal balance.

JMPC Paypal is on my list of direct debits but as I only tend to fund my payments via a credit card the DD correctly shows the LAST seller I paid via paypal / bank account in 2021.

[Temp20230907]

Have spent a truly annoying and highly inconvenient amount of expensive time researching this. I have discovered that JPMC re Paypal is the new notation for direct payments from your bank to Paypal. So, something you've bought on line will now be showing on your bank statement this way. You have to take each such payment showing on your bank account and check it back to your Paypal online statement to find out what the payment is for.

If it is of interest, JPMC stands for JP Morgan Chase Bank. Personally, I would rather see the retailer's name on my bank statement so that I don't have to spend ages finding out what the expenditure is for (or even more time finding out what on earth this reference was all about!)

Sadly, I'll be using Paypal a lot less because of this.

Hope my explanation helps?

[kernowlass]

@Temp20230907 

Already told you its paypal at least twice in this thread.

[Kirsten75]

It has nothing to do with PayPal. None of the amounts taken correspond to the payments I’ve made via PayPal that are on my account. A direct debit had been set up on my bank account which I hadn’t done and PayPal wouldn’t do. My bank confirmed they had other customers raise this concern. I don’t shop at eBay and I’ve bought nothing from America. It’s a scam, if you have this on your bank account, you’ve been hacked.

[kernowlass]

@Kirsten75 

If you have a bank account on your paypal account then you would have a direct debit.

If you have been hacked that is another issue as JMPC (JPMorgan Chase) is Paypal so if you were hacked then that is a separate issue if the scammer used your paypal account and the payment was funded via your bank account.

JMPC Paypal is on my list of direct debits but as I only tend to fund my payments via a credit card the DD correctly shows the LAST seller I paid via paypal / bank account in 2021.

[Ddlgjwehtn]

Been with this mob for 10 plus years. Got payment to JPMC RE PAYPAL item in my assocoated bank acccount. I normally get notification via email when DD's come out. Not this time. Have tried for contact PP for explanation but theyre not interested. Has PP database been hacked? Should i delete my account?

[softtopsman]

It's UBER

[Lou1112]

I think this may be my Netflix payment anyone else find this?

[kernowlass]

@softtopsman 

@Lou1112 

Its anything that you use paypal for funded from your bank account and not a card.

Also any subscriptions you have funded from that card.

[GeorgeM4]

Why PayPal set a direct debit with my bank account under JPMC?