Quote:
Originally Posted by thecatspajamas
Unfortunately no. The funds have to go out of Managed Payments to somewhere else before they can be used for purchases, and currently does not allow for direct deposit from Managed Payments into a Paypal account. There has been some chatter about Paypal setting something up where each Paypal account would be provided and account number and routing number so that it appeared to be a checking account such as is required to deposit Managed Payment funds into. Supposedly something is coming in June, before the massive push to Managed Payments comes in July, but I have not seen that option materialize as yet. Even that though, while it would help give some flexibility in using the funds, users would still have the same 2-3 day lag from when the funds leave Managed Payments until they are available to use for further purchases.
Don't get me wrong: nobody is losing their money or having it locked up for an indefinite amount of time. And buyers will actually have more options for payment methods under Managed Payments than they do currently. There just won't be that instant availability of funds that can be re-used for further purchases that sellers currently enjoy with Paypal.
|
Paypal already has direct deposit, I have an account and routing number. I had my Stimulus direct deposited into my Paypal. I heard DD is only available if you have the Paypal Cash Debit Card but I don't know if thats true.