Paypal - how to set preferred payment method?

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Paypal - how to set preferred payment method?

I'm trying to figure out how to set the default or preferred payment method in my Paypal account. Because I've run into credit card fraud twice in the past couple months, I'm being very careful about where I enter my credit card details. In this case, I'm trying to get Spotify to use my Paypal account instead of my credit card directly.

When I click the Paypal payment link, it signs me into Paypal, which proceeds to inform me that it will be using my default payment option (which I know is my bank account). I'd like to change the preferred (default) Paypal payment method to be my credit card so I can get points! It tells me I can change this by going into my Profile's money settings, but I don't see the setting anywhere?

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Paypal - set default payment option

Within Paypal, browse to Profile > My money (left-hand side menu) > and under "My preapproved payments" click on "Update." On this page, you'll see a listing of your active Paypal subscriptions. Click on "Set Available Funding Sources" and uncheck the payment methods (ie. bank account) you don't want to use. If you only leave your credit card check, it will default to that.

Note that Paypal will always drain your Paypal balance before resorting to an alternate payment method (such as your bank account or credit card), regardless of the setting you specify here.

Walter Walker (not verified)
Is it Possible to Change the Preferred Payment Method in PayPal

Making changes in a PayPal account can be an interesting and time consuming experience. It seems that many times, it can be a little difficult to find any reliable information about how to make a desired change. One of these changes involves the primary or preferred payment method. The default is set to use your PayPal balance as the first funding source for any payments you wish to make.

For most people (myself included), it is probably good enough to make all payments out of my balance before reaching into my bank account or a credit card. However, I also recognize that there are others who maybe would prefer to pay with a credit card. I also suppose that it could be quite a hassle to actually physically change this each and every time the make a transaction.

Despite a lot of information to the contrary, it is quite possible to make such a change on PayPal. You simply need to click on your profile, then on credit card under the financial information section. Now, you will edit this to chose the credit card you want and then click the box at the top that says to make it your primary payment method. Do not ofrget to add the 3 digit security code and save everything. This should solve the entire problem. Now, you will automatically be choosing to pay from the card first and the balance second.

PayPal and setting your preferred payment method

I can certainly sympathize with the author of this post. Being careful to avoid credit card fraud is a desirable goal. However, PayPal is one of the most secure payment processors online. In fact, by acting as as go between with the customer and a number of other online merchants, it actually makes things even more secure.

By the same token, everyone is free to determine how they want to set up their PayPal account. By default, each time you are sending out a payment, it will pull the funds first from your normal balance. I also keep a fair amount of money in this account so for me I like keeping the default arrangement exactly as it is. If you wish to change this you simply need to go into your profile section and then change your desired options. Look at your financial information column. Somewhere in there it should give you a pay list link option. This is what you want. Click on the biller in the merchant box and then the change link. This should give you options now to change your back up funding source and you can pick whatever credit card you like.

If you make this change each time you want to pay someone directly from your balance, it will mean that you will need to manually choose where to take the money. I guess it all depends on exactly how you use the site.

pissed (not verified)
paypal sucks

Yeah, Paypal sucks!  Those crooks make it so hard to find the option, and what a waste of time!!!  Cost me a whole day figuring out this crap!  And then after you go through their maze, they won't link the card because it's "used in another account". No wonder many have left this crap service!

Mashugana (not verified)
Paypal won't allow Credit Card for Preferred Payment Method

Sorry Walter, I tried your method just to be sure nothing had changed since I last researched this issue, and unfortunately one still cannot set a credit card as the "Preferred Payment Method" for one-time payments. Another commenter posted instructions for changing the Preferred Payment Method for subscriptions and other recurring payments to a credit card, but the method Walter listed only serves to choose which credit cards (in the case of multiple credit cards on one Paypal account) to use first. Furthermore, with the exception of Paypal Credit Products (Paypal credit card, and I believe they have some sort of e-check option as well), Paypal allows no other source of funding to be used BEFORE draining any balance in the Paypal account. Thanks for the effort, Walter, but at this point Paypal still requires a few extra steps to use a credit card for making a one-time payment, 

CL (not verified)
Paypal won't allow Credit Card for Preferred Payment Method

The best thing to do to make PP stop using your bank accounts as the preferred payment method is to just delete them all from your PP account then by default PP will use your credit cards for the Preferred Payment Method. I think that you can reorder the list to pick which one to use first.

GKC997 (not verified)
Default Payment Option

Doesn't work, did you test this?  I did and have been trying to solve this for over a year.  PayPal will not answer this question and your process does not solve the problem.

What steps did you take?

Hi GKC997,

Sorry you're having troubles with this. Can you list the exact steps that you took and explain in detail what's not working? There's so many nuances to this issue that it's difficult to address a particular situation without details.

Freya (not verified)
Paypal

"Note that Paypal will always drain your Paypal balance before resorting to an alternate payment method (such as your bank account or credit card), regardless of the setting you specify here."

Not in my case. My PayPal's default settings are that my balance stays intact, while the money is being drained from my debit card which is linked to my bank account. I tried literally everything to set my PP to drain the balance first (including the procedure you described above) but nothing helped - I keep getting the message "You cannot remove all of your instant funding sources from Merchant Relationships. Please select at least one funding source from the list below." Yet PayPal balance isn't even offered in that list. Can someone please advise me what to do? Thank you in advance! Smiling

happy (not verified)
thank you!

thank you!

saphira2021 (not verified)
thank you

thank you so much for this post. have been looking for that solution for years!

Well, it looks like i spoke

Well, it looks like i spoke too soon. i followed all the instructions here and still i can't make cc to be the default payment over my bank account. i can't delete my bank account as i need to use it from time to time but don't want it to be the default method. 

any other ideas? thanks

Erin (not verified)
PayPal is doing this on purpose

Clearly PayPal wishes to avoid paying credit card fees and is forcing customers to use bank accounts when it can. Bad customer service, but PP has a lot of market share and perhaps an over inflated sense of its own power right now. I'll be pre-funding my PayPal account with credit card funds if possible so I can avoid this. Alternately, I'll just not make purchases if I have to use my bank account. I already force-change it manually on every purchase I can.

O'Femi F. (not verified)
Paypal - How To Set Preferred Payment Method?

Step 1:
Login into PayPal, click “My Account” and browse to Profile > My money (left-hand side menu) > and under "My preapproved payments" click on "Update." On this page, you'll see a listing of your active PayPal subscriptions. Click on "Set Available Funding Sources" and uncheck the payment methods (i.e. bank account) you don't want to use. If you only leave your credit card check, it will default to that. Note that PayPal will always drain your PayPal balance before resorting to an alternate payment method (such as your bank account or credit card), regardless of the setting you specify here.
Step 2:
After step 1, click “My Account” and click on "My Bill Me Later Summary" on the welcome page.  The link is small to the right of and above your BML balance (find great deals link is usually besides it but not always). On the next page on the right there is a box. It'll either say "BML is my preferred way to pay. Change" or the opposite.  You should have it from there. Remember to save.

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