Send echeck via Paypal may be a safe mode of purchasing satisfactory digital goods

Paypal may be the highest popular virtual payment system which is used 200+ countries around the globe. However, a few countries have some restriction in transaction methods but they(common people) also use Paypal as their digital bank.

Send echeck via Paypal may be a safe mode of purchasing satisfactory digital goods

Send echeck via Paypal may be a safe mode of purchasing satisfactory digital goods

Paypal was founded by Ken Howery, Max Levchin, Elon Musk, Luke Nosek and Peter Thiel in 1998 and the registered head office situated in San Jose, California, U.S. Patrick Dupuis is the present CFO of the Paypal. Palo Alto, California,U.S was their founding office which is still using as a branch office. It is known to all that any one can send and accept money from any where in the via Paypal instantly as Paypal accepts major Credit Cards as well as debit cards (except a few countries). Our today’s discussion the base of Paypal eCheck. Here we want to discuss about sending and accepting Paypal eCheck along with advantage and disadvantage.

First have to know about eCheck:

Paypal introduce the eCheck payment method from their early age which is still going on for payment transfer. An eCheck allows user to pay directly from users’ bank account which was added earlier and verified. It is said that Paypal eCheck is just like a regular check which takes 3-5 business days to clear and the money will appear in the recipient’s PayPal account after that period as bank have to manually clear the eCheck.

How to send a Paypal eCheck :

Normally users do regular payment through PayPal but some advanced users prefer to use eCheck payment. To use eCheck payment mode , it is needed to have PayPal account linked with Bank account of users, and the money is taken out of connected Bank account of the user. Normally there is no option for eCheck method if user was added debit card or credit for backup funding source.So, user has to remove debit card/credit card from Paypal account.

Here is the short method to use Paypal eCheck payment method-

  1. Log into your or create a PayPal account.
  2. Link your Bank account to your PayPal Account. If your Bank account is already linked to your PayPal, go to Step 3.
  3. Click Profile near the top of the page.
  4. Click My money under My Profile.
  5. Click Update, or Link bank – in the Bank accounts section.
  6. Click Add
  7. Enter requested info and click add Bank account or Select Checking or Savings account.
  8. Delete any credit/debit cards as backup funding sources. If you have done this or do not have credit/debit cards as backup funding sources, go to Step 4.
  9. Click Send Money.
  10. Enter the required information.
  11. Click Continue.
  12. Click Change.
  13. Select eCheck.
  14. Click Continue.
  15. Review the information and click Send Money to complete the transaction.


On the other hand to accept Paypal eCheck-

  1. Log into your or create a PayPal account.
  2. Check notification
  3. Click Accept eCheck button
  4. Convert money to local currency
  5. Wait for clearance
  6. Go back to: Overview/my account

Facts about Paypal eCheck :

  • Paying by eCheck saves us from paying some of fees that PayPal charges
  • Easy refund policy applicable for eCheck
  • Money directly transfer from Bank account

Cautionary warning for sellers:

Fraudsters in the US thrive on sending eCheck payments for goods and services, for the simple reason that eChecks are the easiest way to thieve goods and services from unsuspecting merchants.

Payment by eCheck can be facilitated by the major US online payment sites like PayPal, ebay, via banks and other payment websites. If you receive an eCheck from someone with bad intent here is how the fraud scheme plays out.

It typically takes a few days for the funds from the eCheck to “clear” .. but the “word” clear is complete misnomer. Unsuspecting merchants will ship goods when they receive notification that the eCheck has cleared thinking life is good, and the money is now safely in their account.

If for example, you received the eCheck payment via PayPal and you have shipped the goods, the fraudster will simply tell his/her bank he/she did not authorize the payment, and bingo, the payment will be clawed back out of your account and reversed to the fraudsters’s account, and you will be out the goods you’ve sent to the fraudster.

Final thoughts of the Author:

Paypal eCheck is one of the less popular and slower payment method which is used to purchase from individuals or company. Normally, Individual sellers wants instant payment except a few but maximum companies wants check for their payment. However , the delay to receive their funds can make buyer to wait longer to get their brought products which is a negative experience for all parties involved in the buying and selling process.