LU89 7510 0013 5104 200E: If you find an IBAN or a very similar number online, it’s most likely related to a PayPal transaction. It usually appears when trying to fund a PayPal account via bank transfer. Luxembourg’s unusual IBAN number initially causes confusion or even suspicion among many users. The good news is that it is, in fact, a legitimate and important PayPal account number. However, you should be careful, as the context in which you are asked to use it is crucial. The most important things in brief The IBAN LU89 7510… from this number onwards, is the official collective account of PayPal (Europe) S.à rl et Cie, SCA, based in Luxembourg. It is used by customers in Germany and other European countries to deposit funds into their PayPal account via traditional bank transfer. Transfers to your personal PayPal account are made exclusively on an individual basis, as specified by PayPal. Warning: Despite the authenticity of the IBAN, it can be misused by fraudsters. Only make transfers to this account if you have received these details directly from your officially registered PayPal account. The role of the IBAN: A collective account for PayPal top-ups [PayPal](https://www.healthsworlds.com/lu89-7510-0013-5104-200e/) doesn’t assign each of its millions of customers a personal bank account number. Implementing this would be logistically difficult. Instead, the company uses centralized deposit accounts. Therefore, when you transfer money to your PayPal account, it sends it to the same bank account as thousands of other users. For PayPal to know who the money should be paid to, the most important factor is the purpose of the payment. When you select the “Deposit Money” option in your PayPal account, the system generates a unique code valid only for this transaction. Only by using this code as the purpose of your transfer can PayPal automatically credit the received payment to your personal PayPal balance. Without this code, or if the purpose is incorrect, the transfer of funds is either not possible or requires considerable effort.