How come i lost 1 dollar after i registered with paypal?

Question

How come when i registered for paypal with my visa debit card, i lost 1 dollar and now i cant buy anything?

Answer 1

That is a common procedure for paypal.  They just need to verify that your bank account or credit / debit card are real and do in fact belong to you.  The $1.00 will be put back in your account and your status will be returned to active.  It only takes a day or two for the whole process.

Answer 2

Hello

this is called "provision"

When you first add your credit card on paypal system, they have checked that you have entered a "real" credit card (to check if your credit card exists)

They have charged you $1 and they saw that your credit card is usable and there is no any problem.

It is not a "real charge" it is only a try. This is generally done between banks and merchants.

Normally, when you buy something with your credit card, your account balance reduces. For example, if you have $100 in your card, and you buy something that costs you $15, this $15 automatically reduces from your account balance when you press the "buy now" or "purchase" button.

Your bank does not immediately send this $15 to the merchant. It takes generally 1 week.

But when a merchant makes a provision, they charge you for $1 and see if your credit card exists. This is only for verification purposes and sometimes it is used to see if you have $50 $60 (or any else) in your credit card (to control you have the real ability to make a payment with your cc)

Because this is called a provision, your merchant DOES NOT WANT THIS MONEY from your bank. Because within 1 week (I dont know the exact day) your merchant does not request the processed money from your bank, this money AUTOMATICALLY CANCELS ITSELF.

simply:

dont worry. paypal charged you $1 but this was "not" a real transaction. It was a provision. You will probably see your $1 debited (or refunded, if you talk technically) in your credit card again in a few days.