Linking bank account to PayPal

Thank you. You have a really good point too about only one site having my banking info as opposed to multiple sites if I use a credit/debit card.

PayPal was created initially to make transactions over the Internet more secure and to make it easy for one person to transfer an amount to another. It was (and is) difficult for an individual to set up a payment system so that they can accept transfers from any card (credit or debit) safely and securely so PayPal was set up as an intermediary to deal with all the security procedures which need to go on in the background (things which you don't see and hardly ever think about, such as 'is this a valid card number?' and 'does the account have funds to honour the transaction?'). It was only later that PayPal came to be used as a general tool for sites to pay their workers. It's important to understand that PayPal is NOT a bank. It is merely a payment facilitator and a transaction tool. Although it is possible (and sometimes necessary) to hold a balance with PayPal, this is not like a balance held by your bank. In effect, it is an 'advance payment' to cover services which you expect PayPal to render for you at some future date. A bank or credit company also usually provide a similar service but they also provide many more services as part of the contract between them and you. The distinction is an important one but one which many people don't see because we tend to take such services on trust and see banks as ONLY or mainly performing the same kind of service as PayPal (as a payment facilitator).

I still haven't linked it. I've been having problems with bank of americanand might possibly close out the account. So for now, my PayPal isn't linked yet lol

Ok thank you, I think I might actually link the two together. It would make more sense for me to have all my spending money in one place where everything can be combined.