Do I need a PayPal account to receive donations?
On One Hand: You Need A PayPal AccountYou cannot receive money directly into your bank account from someone’s PayPal account. To send or receive money online via PayPal, you must have your own account. PayPal is not a bank but acts in the place of one to facilitate safe, online transactions between buyers and sellers.On the Other: You Can Link Your PayPal AccountOnce you have a PayPal account, you can link it to an existing bank account as follows: Under the “Financial Information” tab on the PayPal menu, you will find a link called “Bank Account.” Click on the link that says “Add Account,” and fill in the subsequent bank information. From there, transferring funds between PayPal and your bank is easy: Locate the “Withdraw” tab, next to the “Overview” tab on the menu bar. You will be asked an amount, and the transfer will take place within three to four business days.Bottom LineTo do any sending or receiving of funds through PayPal, you must have a personal PayPal account.
