Hello. In this post, I am going to show you how to verify PayPal account using a debit card. If you use credit card, the process is about the same. In this post, I am going to use debit card from Bank Simpanan Nasional (BSN).
Requirements to verify PayPal account using a debit card
1. PayPal account (of course :p)
2. Debit card
3. Online banking (statement of your debit card) – optional but recommended for ease of use
Ensure that your debit card has activated these functions
Note for Malaysian users: As instructed by Bank Negara Malaysia, starting July 2015, all debit card issuers need to block card-not-present (CNP) function by default for security reason unless asked by the card holder to unblock the function. So please consult your debit card issuer (bank) to unblock the CNP function.
Credit card users do not have to worry about this.
You can try turn on these functions on your own if offered by any other means (Online Banking / ATM )
1. Oversea Transaction – can be activated by online banking
2. Online Purchase – can be activated by online banking
3. Online Purchase on non-secured sites – call your card issuer (customer support)
4. Set transaction limit if by default is 0 – can be activated by online banking
5. Minimum account balance of RM10 or refer here for other countries.
How to activate your debit card
Since I use Bank Simpanan Nasional (BSN) debit card, so this tutorial also use BSN online banking (myBSN). The process will be different for other banks.
1. How to activate oversea transaction, online purchase and set the transaction limit.
Login to myBSN.
Go to Debit Card, tick the debit card and click on Next. Make the modification as necessary, an SMS contained security code will be sent to your registered phone number to confirm the changes.
You also can click on the options available in the left of the screen.
Link debit card to PayPal account
Login to your PayPal account, you will be redirected to My account page or manually go there if was not auto redirected.
Click on “link a card” link in the left of the screen (you might need to scroll a bit in order to see it).
Type in the card details.
If you encounter any error fox example it do not accept the card, that means CNP function of your card is still blocked. Consult your card issuer / bank for further assistance.
If you card is accepted, you will see a card logo with label “NEW” on it. Click on the logo. You now will see a link to confirm/verify your card. Click on the link.
As soon as you click on the link, a small amount of money (RM10 for Malaysia, refer here for other countries) will be debited from your account.
Get the verification code
You need to login to your online banking portal, myBSN in my case. Go to debit card transaction history. This is the ease of using online banking. If you don’t use it, please contact your bank to get the code.
Even though the small amount of money was debited instantly but the transaction record might not appear that instant. You might get it instantly but it may takes up to 3 business days as well, so be patience. In my case, it took 2 days in order to get the code.
Log in to myBSN > Account Overview > click on bank account number > click on “Debit card transaction history” button > select transaction period and click on “Submit button”.
Use the code on PayPal acount
Next, you have to key in the code on your PayPal account in order to complete the verification process.
Login to your PayPal account. You will get a notification in the top right corner of the page to verify your card. Click the link on the notification. If you accidentally dismissed the notification, the link still available in the left of the screen (you might need to scroll down a bit).
Key in the code and click on “Submit” button.
Process complete and your PayPal account is now verified (However, it is more likely will not if you haven’t already link you bank account).
Did you lose the debited money?
Nope. The money will be credited to your PayPal balance. It is also possible if the money credited back to your bank account, that what’s happened to my money. However it will take some time, so do not worry.
When your PayPal account is verified, it is now easy for you to use your PayPal balance without any restriction. You now also possible to register for reward sites that require verified PayPal to register an account such as InstaGC and Vivatic. But my number one recommended reward site is ClixSense and it supports unverified PayPal account.
If you still doubt whether your PayPal account is verified or not, follow this tutorial to check if your PayPal account is verified or unverified.
That’s all for this post. See you next post.