Mike John, Content Explorer, MCA, Los Angeles, California, USA
Answered Nov 28, 2018
Once you have established your PayPal account, you can provide them with many different payment sources. All you do is add a payment source, and they will want your routing number and account number. You can also add credit and debit cards this way. They also offer their line of credit that does not require banking information; however, the interest rate on balances over a certain point is high. They offer no interest if paid in a certain period but if you go past that time the rate is well over 20%.
First National Bank recently opened their PayPal withdrawal service to customers with accounts at other banks. You can also withdraw money from your local bank. This account allows you to send money online from your bank, just like using a debit card or writing a check. If someone sends money through PayPal, you’ll be able to move it to your bank account.