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No.  All you have to do is go to your dashboard at secondlife.com >>> Acccount  >>>. Billing Information .  Then, be sure that your new verified PayPal account shows there, and click the CHANGE link next to it.  (If your new PayPal account doesn't show there yet, register it the same way that you registered the credit card.) You will see a couple of buttons to use for indicating what you want to use this payment method for.  Select one or both.  The effect will be to make your PayPal the payment method fopr those selections instead of your credit card.  You may remove the credit card info if you wish, or just leave it as a backup (unused unless you come back and change things again later).

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Roxanna213 wrote:

What are the procedures when changing from direct credit card payment to Pay Pal? Should old account be deleted and a new account be started ?

No. Add your PayPal Payment Method 1st as an additional PM. Then associate it with one of the 3 Payment Categories to test that you can, in fact, purchase Lindens using your Verified PayPal account. This allows you to verify that your PP is correctly Verified before giving up your previous PM on file.

from https://community.secondlife.com/t5/English-Knowledge-Base/Billing/ta-p/700037


How to view or change your billing information

To view your billing information, see the Billing Information page on the Second Life website.

KBnote.png Note: For security reasons, you can only view the type of card affiliated with your account and the last four digits of the card number. You cannot view the full number. 

On the Billing Information page, you can view your current Linden dollar (L$) and US dollar balances, view and add US dollar payment methods for your account, and set which payment methods will be used for different types of purchases.

Adding a new payment method

To add a credit card, PayPal, or Skrill account to your Second Life account, click Add a Credit CardAdd a PayPal account, or Add a Skrill account. Follow the on-screen instructions to set up a billing agreement with PayPal or Skrill, or fill in your credit card information accordingly.

Once you have added a payment method, it is saved for your account and you can associate it with various types of payments.  See the next section for more information.

You can also add a new payment method during a transaction, when selecting a payment method.  If you add a credit card, PayPal account, or Skrill account in this way, it is automatically associated with the type of payment being made.

Associating payment methods with payment types

You may specify which payment method you would like to use for each of the following payment types:

  • Buying L$ in the Viewer
  • Buying L$ on the web
  • Buying land, Premium fees, recurring fees

To associate a payment method, go to the How you're paying section of the Billing Information page and click Change next to the payment method you would like to use, then check boxes next to your desired payment types on the provided list.

You may remove this association at any time by clicking Change next to the payment method, then un-checking the boxes next to the associated payment types.

You can also change an associated payment method during a transaction by choosing a different payment method or adding a new payment method for that transaction.

Changing stored payment information

To change stored information about one of your payment methods, you must delete that payment method and re-enter it.  You may delete a stored payment method by clicking Remove next to that payment method on the Billing Information page.

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