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Pay pal to pay pal credit

Can You Transfer a Negative Balance from Your PayPal Account to a PayPal Credit Account?

Transferring a negative balance from your PayPal account to a PayPal Credit account isn’t as straightforward as it may first seem. PayPal balances and PayPal Credit are two different financial tools with unique functionalities. Here’s what you need to know:

1. **Understanding PayPal Balances and PayPal Credit**:

– **PayPal Balance**: This is the amount of money you have in your PayPal account that you can use for payments or withdraw to your bank or linked credit card.
– **PayPal Credit**: This is a line of credit, similar to a credit card, provided by Synchrony Bank. You can use this to purchase items at the partner stores without having to have the funds immediately available in your PayPal balance.

2. **Negative Balance in PayPal Account**:

If you find yourself in a situation where your PayPal balance is negative, this means that during a transaction, funds were insufficient to complete the purchase. PayPal would have covered the deficit, leaving your account with a negative balance. This typically occurs when you use PayPal to send funds and your account’s available balance and linked bank account don’t have enough funds to cover the transaction.

3. **Transferring a Negative Balance to PayPal Credit**:

Unfortunately, PayPal’s systems do not directly support transferring a negative balance from your PayPal account into a PayPal Credit account. Each account is managed by different entities: PayPal manages the balance transfers and direct transactions, while PayPal Credit is extended by Synchrony Bank for purchase transactions only.

4. **Steps to Handle a Negative Balance**:

– **Deposit Funds**: If your PayPal account has a negative balance due to insufficient funds in one of your linked accounts during a transaction, you can make a deposit from your bank account to cover it. Deposits need to be large enough to cover the negative balance and also any fees associated with the transaction.
– **Withdraw from PayPal Credit**: Depending on your agreement and terms of service, you may be able to withdraw funds from your PayPal Credit but it usually isn’t meant for covering negative balances and comes with interest fees.

5. **Contacting PayPal Support**:

If you’re unsure how to handle your negative balance or if there are complicating factors (such as failed automatic payments or unauthorized transactions), it’s best to contact PayPal Customer Service. They might be able to guide you through options to settle your account or perhaps resolve discrepancies.

In summary, while it might be tempting to transfer a negative balance to a convenient form of credit, such as PayPal Credit, you should handle your negative balance by depositing funds from an alternative source, such as a linked bank account or credit card. Always stay aware of your financial situation and manage your accounts according to your specific circumstances. If in doubt, reaching out to the respective customer service departments could provide clarity and further assistance.