PayPal requires verification of your bank account to use it. In the statement upload page, it says: In the bank statement, your name and account number should be the same as in your PayPal account.1- Setup Paypal as a bank account in your accounting software 2- Connect Paypal bank feed to your accounting software if available- this is an optional step. Pay your bills online and stay on top of your finances. The PayPal app lets you pay and manage bills all from one, secure place. 1. Log in to your PayPal account. Please note that these PayPal Balance Terms and Conditions apply to accounts currently or previously named PayPal Cash and PayPal Cash Plus. Seeing "PayPal" or "402 935 7733" on your statement? It's a PayPal number and is likely for a payment you made recently. I'm going to teach you how to set up your account, how to transfer money into your bank account and also how to send and receive money.