How to Pay Bills With PayPal
PayPal isn’t just for making purchases online. It also offers a secure and convenient way to pay bills and invoices online. The easiest way to pay bills online is with a PayPal debit card. To save time, you can set up automatic payments. If you don’t have the funds in your bank account, you can still pay bills with PayPal Smart Connect.
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Sign up for a PayPal Debit Card
PayPal offers several options for paying your bills online, though the simplest way is to sign up for a PayPal debit card. A PayPal debit card is free and lets you use your PayPal balance similar to how your bank’s debit card allows you to use your bank account balance to pay bills. To sign up, you must put your banking information on your PayPal account. PayPal will issue you a debit card along with a PIN within a few days once your account has been verified.
Paying Bills and Invoices with PayPal
Many companies let you pay your bills on their websites with your debit card. Again, you can use your PayPal debit card just like you would a regular debit card.
To make bill payment more convenient, sign up for automatic bill payment. With automatic bill payment, you input your card information, your debit card is kept on file and the amount of the bill is automatically withdrawn from your PayPal balance each month. Otherwise, many companies let you make one-time payments with your PayPal debit card. If the company doesn’t have a website, you might be able to use your PayPal debit card to pay bills at physical payment centers or over the phone. In cases where you need to use a third-party e-pay company to pay bills, you might face a convenience fee for payments made on your PayPal debit card.
Setting up a Backup Funding Source
If you don’t have the funds in your PayPal account to cover a bill or invoice, you can still make the payment. This can be done by setting up a backup funding source. Once your backup funding source has been set up, any amount you’re not able to cover with your PayPal balance will automatically be debited from your backup account. According to the PayPal website, backup payment methods include:
Your confirmed bank account
Your PayPal Extras MasterCardSource: ehow.com