If you're adding a debit card to your PayPal account, READ THIS TOO!

Follow up to my last post.

A little bird over at Visa has helped to explain the missing $1 in my case with Standard Chartered:

You can definitely find a whole lot of explanation on what is credit cards vs debit cards on Wikipedia. Basically, a debit card is linked to your savings account which is your money while a credit card is like its name - everything is on credit and the bank waits for you to pay them.

I believe the $1 transaction is what we term as a status check transaction which is used to validate if the card number entered is valid and "alive". Because this is a debit card, the amount is generally deducted from your savings account immediately and should be reinstated if its a status check transaction and usually does not take up to 30-days (but this depends on the bank).

Suggest that you get the SCB ppl to check if they have paid Paypal or the bank behind Paypal. If they have not done so, then SCB should credit the amount back to you immediately. If they have paid PayPal, then they should get in touch with PayPal (or the bank behind PayPal) to reimburse back the amount to them. All in all, I do not believe that the cardholder should be punished for all these discrepancies. SCB should have followed up on these disputes and it be minimal inconvenience to you.