To put it in simplest terms a virtual bank account or also known as VBA is simply a bank account in which the details can be used to instantly verify a US or in some cases international PayPal account. In order to fully verify a Paypal account whether in US or outside US, you will also need a virtual credit card or regular credit card. Attaching a credit card allows you to remove the sending and withdraw limits on the account. But please also keep in mind that VBA cannot be used for any transactions or financial operations. The idea is to only verify the Paypal account and nothing further.
What Information Will I Receive If I Purchase?
Banks routing number type of account i.e. savings/checkings, bank account number and if instant verify method was picked, you will receive the user name & password for instant verification. All this information will be sent to the email that was used for payment. Request to send to a different email should send us a notification with the details.
How Can I Use The Virtual Bank To Verify My Paypal Account?
Login to your Paypal account, click your settings then click "add bank details." Fill in the necessary details with what we sent you. It will prompt you for the routing & account number. Once you enter the routing number, PayPal will automatically fetch the bank name. Once complete, continue and it will take you to a page giving you the option to instantly confirm or to confirm with direct deposit. If purchased the instant verify method, choose the confirm instantly option. For the instant verify method click that option and it will take you to the page asking for the account number and the password. You simply enter the details that we sent you in order to complete the instant verify process. The process takes 1-3 minutes for Paypal to verify the details.
Exactly How Long Does It Take To Receive The Information?
Details of the bank account will be sent within 24-48 hours; at times, it can be sooner. One thing to keep in mind is that once the details are sent, the virtual bank account must be used within 24 hours. The bank details will not expire once added. The account will remain verified for as long as possible until removed.
Is It Possible To Withdraw To A Virtual Bank Account?
No you cannot; however, we do offer another service that pretty much operates the same way. The only difference is that we charge a percentage fee based on how much is withdrawn. We offer a flat percentage fee for more than one account when using our service.