PayPal is one of the most popular online payment systems on the internet. The platform allows businesses and individuals to make transactions, transfer funds, and accept payments online. However, managing your payment information on PayPal can be challenging. In this article, we will guide you on how to update your billing agreement on PayPal.
What is a billing agreement?
A billing agreement is an agreement between you and a seller that authorizes the seller to bill you for purchases made on their website. When you sign up for a billing agreement, you authorize PayPal to pay the seller on behalf of you. The seller will then charge your PayPal account for the purchases you make on their website.
How to update your billing agreement on PayPal
Step 1: Log in to your PayPal account
The first step to updating your billing agreement on PayPal is to log in to your PayPal account. Once you have logged in, click on the `Settings` icon in the top right corner of the page.
Step 2: Click on `Payments`
On the left-hand side of the page, you will see a list of options. Click on `Payments` to access the payment section of your PayPal account.
Step 3: Click on `Manage automatic payments`
Under the `Payments` section, you will see `Manage automatic payments.` Click on this option to access your billing agreements.
Step 4: Choose the billing agreement you want to update
You will see a list of all the billing agreements you have signed up for. Select the billing agreement you want to update by clicking on the `Edit` button next to it.
Step 5: Update the billing agreement
On the next page, you will see the details of the billing agreement you have selected. Update the details as necessary. Make sure that the information is accurate and up-to-date. Once you have made the necessary changes, click on the `Save Changes` button at the bottom of the page.
And that`s it! You have successfully updated your billing agreement on PayPal. The seller will now be able to bill you as per your updated information.
Conclusion
Updating your billing agreement on PayPal is a simple process that requires only a few steps. By following the steps mentioned above, you can easily update your billing agreement and ensure that you are not charged any unnecessary fees. It`s always a good practice to check your billing agreements periodically to ensure that they are accurate and up-to-date.