How do you change your default payment settings on Paypal?

Question

My paypal account is currently set so that my payments are automatically extracted from my checking account - is there a way to make the payments come automatically from my credit card instead?

Answer 1

If you wish to keep your PayPal account as "Verified" (unlimited sending limit, unlimited withdraw limit), then you will need to add the CC and leave the bank account on as well (or you may apply for PayPal Buyer Credit).  However, if you plan to leave both funding options on your account, you will need to always select "more funding options" when making a payment in order to select CC only as the funding source.  

Here's another key bit of advise though...lets say you add your CC and make a payment, however you forget to change the funding source.  By default, the funding source will be Instant Transfer from bank account with a back-up funding source of the primary CC.  Due to a recent policy change though, if you call PayPal directly at 1-888-221-1161 within 24 hours of the payment (the sooner the better), the PayPal agent can manually skip the attempt at drafting from the bank and go straight to the back-up funding source of the CC.

Hope this helps!

Answer 2

You can add a new credit card to your Paypal account and delete your checking account information if you want.