Jpmc re PayPal direct debit??

[Temp20230826]

I don't know what this is for. Don't want to cancel incase it's important.

[kernowlass]

@Temp20230826 

If you cancel you won't be able to use your bank account as a funding source / withdrawal option.

When you add a bank account to paypal it sets up the direct debit mandate 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.

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.

[Al1ce]

I had the same thing appear on my bank statement as a PayPal dd coming out tomorrow £52.57 strange because it does not appear on my PayPal statement, got in touch with my bank they told me it’s JPMC I didn’t recognise it so they cancelled it for me, who ever it is will have to request it from me personally for what ever it is. Thinking of cancelling my card with PayPal

[kernowlass]

@Al1ce 

JPMC Paypal (JPMorgan Chase).

Check if you had a subscription set up?
Click on the profile tab (icon next to log out) > Click on payments third option along on the thick blue band top of page > "manage pre-approved payments.''

[Al1ce]

It turned out to be a usd payment I made from abroad, the reason I didn’t recognise it was that it was in pounds on my bank statement but usd on my PayPal statement, also the name was not the same as where I placed this order, very confusing, I don’t know why it would be called this.