Many PayPal users think their purchases appear on the bank statement, which isn’t true. This payment platform never displays online purchases on the bank statement. However, vendors’ or merchants’ names might be shown in the bank statement when using cards for purchases.
Hence, you can use PayPal to buy goods or book services without worries. When do you make the PayPal payment? Access your PayPal account from mobile devices like computers to check the payment record.
Making purchases with PayPal is easier and can be done in seconds. But, what if you want to hide the PayPal transactions from your bank statement? You can easily hide the PayPal transactions on a bank statement. Several ways are there to remove your activities from this payment gateway.
Let’s learn the easy ways to hide PayPal transactions from your bank statement:
When Should You Hide Your PayPal Purchases from the Bank Statement?
PayPal users stated different reasons to hide their online transactions from the bank statement. One common reason is to protect their privacy when sending money to the sellers. If you don’t want your friends or family to know your online shopping habits, hiding the PayPal transaction is the best solution.
Do you have a joint bank account, or share the bank statement with anyone? You might not want them to see your financial information. Hiding the PayPal purchases will be a great idea in such instances.
Another reason why most PayPal users hide their transactions is to protect their accounts from online predators. What happens if a hacker gains access to your PayPal account? They can spend the available balance without your prior acknowledgement.
You should also hide your PayPal transactions to keep your purchase a secret. For instance, if you use PayPal to pay for an illicit website or service subscription, you should hide it from the bank statement. Deciding to hide PayPal purchases depends on unique user needs and preferences.
5 Easy Ways to Hide PayPal Purchases from Your Bank Statement
Keeping your PayPal transactions private and secure will help prevent identity and data theft. There are several ways to hide PayPal purchases on the bank statement. You don’t need external help to stop showing these details on your account.
Here are the quick methods to hide your PayPal transactions:
1. Start Using a Virtual Credit Card
Using a credit card for PayPal transactions can be risky. Moreover, it shows where the purchase is made on the bank statement. Hence, consider using a virtual credit card to hide your PayPal purchases. So, now the question is – what is a virtual credit card, or how does it work?
These are digital cards which PayPal users can access for online purchases. It works similarly to a credit or debit card. Virtual credit cards contain a card number, CVV and expiry date. However, all these details can only be found online after applying for the digital card.
Another best part about these virtual credit cards is their prepaid balance. If the credit card balance is zero, you can easily discard them. Digital credit cards are ideal for one-time online product or service purchases.
2. Link a Different Bank Account to PayPal
It is one of the easiest ways to keep your PayPal transactions private from your joint account holder. We recommend linking a second bank account with PayPal for safety reasons. This way, you can buy your favourite dresses or footwear using PayPal without revealing any information.
How can you link your other bank account to your PayPal account? Open the PayPal app and log in to your account using the correct credentials. Navigate to the Wallet section and tap on “Link a bank account”.
Go through the on-screen instructions to add the second bank account to PayPal. However, you must monitor the account activity regularly to ensure no one can access it. It will also help you to stop overspending using the PayPal app.
3. Download the Bank Statement in PDF Format
Don’t want to link your second bank account or use a digital credit card? Download your bank statement online and remove the PayPal transactions before printing it. Save the bank statement in PDF format before sharing it with anyone.
It is one of the quickest ways to keep your PayPal transactions safe without adding another bank account. However, you might need to learn how to download the bank statement if you have recently opened an account.
You don’t always need to visit the nearest bank branch to get this printed record. Bank account holders simply need to access a browser and open their bank’s website. Log in to your bank account, and your bank will send the monthly bank statement to your linked email address.
Your bank statements should be ready to download as a PDF for recent months. You don’t have to pay additional charges to get the bank statement online. However, the steps to receive the monthly statement vary from one bank to another.
Most banks display the “Statements” option under the Account section. Once you find this page, click on the download option and save the bank statement as PDF. You can also choose the time and account before downloading this bank document.
4. Modify PayPal’s Privacy Settings
You must know that PayPal uses high-end privacy features to secure the users’ data from fraudsters. Thus, disabling these options can help you to hide your PayPal transactions.
An option to turn off the ability to see recent transactions is there on this payment app. Moreover, you can hide your email address when sending or receiving money online to merchants with PayPal. So, turn off these privacy features if you don’t want your friends or family to see your PayPal purchases.
5. Use a Third-Party App
Many third-party apps are there to hide your PayPal transactions from the joint bank account holder. However, they charge a monthly or yearly fee to keep these details private. Hence, you must go for an app that is easy to use and has a simple interface.
Choose the third-party app that lets you hide PayPal purchases at a minimum price. Besides, it should be compatible with your Android or Apple phone. Ensure there is sufficient space on your device before installing these apps. They can be helpful if you need extra protection when paying with PayPal.
Alternative Ways to Hide PayPal Purchases on Bank Statements
Do you have a prepaid debit card? You can use it to make PayPal purchases without showing the details on the bank statement. Prepaid debit cards work similarly to a virtual credit card. PayPal users can buy these debit cards from nearby retail stores at an affordable price.
Additionally, you can transfer the money directly to the vendor’s bank account instead of using PayPal. If you don’t want anyone to see the PayPal purchases you made from the bank statement, this is the best way.
PayPal displays the merchant or seller’s name when using a credit card for PayPal payments. Thus, you can change the vendors’ names to make it difficult for others to identify them. So, choose the suitable method and easily hide your monthly PayPal transactions.
