PayPal verification?

[sxk122]

There is a lot of information of questionable veracity in this thread...

1. PayPal cannot and will not withdraw anything from your account without your express approval. Period. This has gone to court (years ago) and been resolved.

True. But if your account is compromised by some way or means and it is linked to your primary bank account ALOT of money can be pulled quickly.


I had my wallet lifted a few years ago and didn't realize for at least an hour. The thief went to the mall and ran up $600 at sunglass hut on a credit card, and bought over $1000 in 3 transactions at Macy's using my bank card. Both the credit card company and the bank took care of me BUT, it took almost 10 days for the bank to complete the "investigation" and return the money to my account. Thankfully I don't run my finances so tight that I was unable to pay bills, but I know many of my peers don't have an extra grand laying around.


I would rather clear up fraud wherein I'm not trying to recoup my own money, but rather merely prove it wasn't me that did the spending.....

 

[ATC]

When I hit $10,000 with my CC used for ebay purchases only over 10 years... PP now demands I link a bank account. I won't do it- not even a new low balance acct as a bank will charge a low balance monthly fee and PP can still lock it down. PP makes millions on accounts that are in litigation every month. PP and Elea Bay seem to be getting really greedy.
PP wants everyone to do it now at $2000.00 limits? It's BS IMO.

This.

F paypal in the *** with barbed wire.

My account has been in limbo for the better part of a year because of that stupid limit. After they noticed I stopped using PP, they sent me an email stating that they have removed the limit. Hmmmm....so I made one more purchase just fine...then the next day I get another email saying I've hit my limit and I need to be verified again

No way, no how am I going to give anyone my banking information. Like most of us, my money and bank acct is my lifeline to the world.

 

[ATC]

Why? No advantages.

Can you PM me with your bank acct. number, routing number, name, DOB, and SS# please?

What? Don't want to give out your personal information to a stranger?

Me either

 

[bams50]

There is a lot of information of questionable veracity in this thread...

1. PayPal cannot and will not withdraw anything from your account without your express approval. Period. This has gone to court (years ago) and been resolved.

2. PayPal can't lock down your checking account. No way, no how. They can lock your PayPal account, but that's a given.

3. A separate account for PayPal does nothing. See #1 above. Were #1 not true regardless of what was in the account you'd just end up with an overdraft (with the attendant fees and interest to boot.)

4. We've been using PayPal for many years (almost since they started.) We've had a couple of claims. PayPal locks the amount of the claim (again, another court case established the rules for this) and no more. If there is no money in your account, then they either lock when more money in your PayPal account becomes available or they go to collection (only if they find for the other party.) PayPal has resolved ALL of our cases in our favor. The longest we've had to wait for a payment was about a week or so (buyer claimed they'd been hacked, but since we shipped to their address PayPal said: "bogus" and gave us the money.)

You DO NOT need a PayPal account to buy on eBay. You can pay with a credit card (still processed by PayPal but that's not an issue.) If you sell on eBay you must either have a PayPal account, an account with an approved electronic payments processor, or a merchant credit card account with proper online payments processing.

There have been few problems with PayPal (or eBay) over the last ten years. They both have cleaned up their acts greatly (mostly because the courts forced them to) and the few you see today are often times just fraud cases where the scammer things or hopes to get his way.

This, of course.

MAN, the unwarranted paranoia out there is getting silly:tard:

As somebody said, most all problems can be traced back to somebody not bothering to take the time to properly learn and understand how it works. Hell, look at any forum- including this one- and see how bad reading comprehension has gotten.

It also makes me laugh to hear people say they won't give PayPal their info because they 'don't want their information floating around out there for anyone to see'. Get what tin foil, all your info is attainable anytime if someone wants it bad enough. That's just the reality. But it's not nearly as dangerous as some want to talk themselves into believing. If you want to be completely safe, close all bank accounts, all utilities, get rid of all vehicles, and quit working- and especially get rid of your computer! Personally, I choose to live a happy, prosperous life, containing caution, but filled with preparation, confidence- and common sense. Some of you need to try it, the water's fine!

For me, I have used PayPal since it started, and eBay, about 10 years. Nothing's perfect, but the problems have been very few, and always resolved. Today, if an eBay seller doesn't take PayPal, I won't bother buying unless it's something very hard to find that I really need. And that hasn't happened yet. PayPal is too useful to me- when I buy, a couple clicks and it's paid- no getting a money order, sending an envelope, waiting for the seller to receive and acknowledge payment... or trying to remember to do the above. And more and more businesses outside of eBay are starting to take PayPal; same simple, secure, fast usage there as well.

As a seller, I wish people weren't so irrationally paranoid about PayPal and eBay. As a buyer, I hope more are- better deals for me!

 

[nehog]

Can you PM me with your bank acct. number, routing number, name, DOB, and SS# please?

What? Don't want to give out your personal information to a stranger?

Me either

There is a big difference between PayPal, a huge multinational company, and you. When you say "I don't trust any company" I have to think that maybe you're paranoid!

PayPal is not a stranger. But if you are worried about your personal information, money, then do this:

1. Withdraw all your money from your bank accounts. Close the accounts.
2. Destroy all electronic equipment you have: phone, television and computers. Cancel all service, and cut the wires from the house.
3. Build a wall around your property. Arm it with spikes.

OK, on a more serious note: if you don't trust PayPal you really should just close the account. Then pay with a credit card. Neither eBay nor PayPal requires you have an account, just have a credit/debit card. (But don't get me started on debit cards: they are just plain bad to have!)

 

[Jinks]

I'm in my 4th month of a dispute with PayPal over a refund. Both the vendor & I have talked with PayPal, individually & in a conference call. The vendor & I are in agreement, but PayPal has money from both of us & will not release it. I've had to request assistance from my credit card company, & they are now dealing with PayPal. I don't know how much longer this will take, but when it's resolved I will be closing my PayPal account. No way in Hell would I give them bank account information! PayPal's adds & web site *say* the right things, the personnel just don't live up to the hype.

 

[Montysmith]

what i can i say as i've been a victim of the same trouble .. but the helpful people here may find some apt solution to your issue .. as i hope so ..

 

[rslaback]

I'm in my 4th month of a dispute with PayPal over a refund. Both the vendor & I have talked with PayPal, individually & in a conference call. The vendor & I are in agreement, but PayPal has money from both of us & will not release it. I've had to request assistance from my credit card company, & they are now dealing with PayPal. I don't know how much longer this will take, but when it's resolved I will be closing my PayPal account. No way in Hell would I give them bank account information! PayPal's adds & web site *say* the right things, the personnel just don't live up to the hype.

Willing to better explain the situation so those of us not involved can make a decision for ourselves?

 

[nehog]

I'm in my 4th month of a dispute with PayPal over a refund. Both the vendor & I have talked with PayPal, individually & in a conference call. The vendor & I are in agreement, but PayPal has money from both of us & will not release it. I've had to request assistance from my credit card company, & they are now dealing with PayPal. I don't know how much longer this will take, but when it's resolved I will be closing my PayPal account. No way in Hell would I give them bank account information! PayPal's adds & web site *say* the right things, the personnel just don't live up to the hype.

Without more information, I'm very puzzled. Can you post complete information?

 

[BillK]

I'm in my 4th month of a dispute with PayPal over a refund.

I am with the others . . . . need more info before passing judgement. I have a real hard time believing that you and the seller are in agreement and Pay Pal will not settle it.

 

[bams50]

(But don't get me started on debit cards: they are just plain bad to have!)

Okay, I was with you up until this point. I have used a debit card every day, several times per day, for years, without a problem. Why are they "bad to have?"

 

[bazzateer]

Only issue with paypal was about 5 yrs ago. They sent me an email flagging up some suspicioius activity with my account and asked me to confirm the purchases were legit' - they weren't. They refunded all money within 24hrs and gave me advice re securing my account or closing it altogether and opening another. Never had a problem since.

As far as Credit/Debit cards are concerned, both have advantages, both have disadvantages. Given the option I'd prefer to lose the Credit card rather than the debit card. Each to their own.

 

[mmack66]

Okay, I was with you up until this point. I have used a debit card every day, several times per day, for years, without a problem. Why are they "bad to have?"

I don't get it either. It isn't like they are unprotected in the event of fraudulent use.

 

[nehog]

The debit card problems have been well discussed in the past, and are off-topic in this thread anyway. Debit cards lack the layer of financial insulation that a credit card has. Someone 'drains' your account with the debit card, sure you will probably get your money back (eventually) but in the meantime you are out of money, and you are going to spend a lot of time getting it all straightened out.

There is NO advantage to a debit card! They (debit cards) don't offer any features or functionality that a standard credit card offers. So why take the risk?

 

[SiGmA_X]

I've had PayPal attached to my checking since 2004. I have done many hundreds of transactions and only once got ripped off. I always use my Visa card and I had my money back within 72 hours. PayPal ruled in my favor as soon as Visa chargebacked them. Just make sure you always pick your credit card to pay vs bank account.

 

[c39er]

I have done exactly as above ^^^^^^Except never attached PP to a bank account which is a good thing. Never a problem in 10 years.

 

[RalphInCA]

This, of course.

MAN, the unwarranted paranoia out there is getting silly:tard:

As somebody said, most all problems can be traced back to somebody not bothering to take the time to properly learn and understand how it works. Hell, look at any forum- including this one- and see how bad reading comprehension has gotten.

It also makes me laugh to hear people say they won't give PayPal their info because they 'don't want their information floating around out there for anyone to see'. Get what tin foil, all your info is attainable anytime if someone wants it bad enough. That's just the reality. But it's not nearly as dangerous as some want to talk themselves into believing. If you want to be completely safe, close all bank accounts, all utilities, get rid of all vehicles, and quit working- and especially get rid of your computer! Personally, I choose to live a happy, prosperous life, containing caution, but filled with preparation, confidence- and common sense. Some of you need to try it, the water's fine!

For me, I have used PayPal since it started, and eBay, about 10 years. Nothing's perfect, but the problems have been very few, and always resolved. Today, if an eBay seller doesn't take PayPal, I won't bother buying unless it's something very hard to find that I really need. And that hasn't happened yet. PayPal is too useful to me- when I buy, a couple clicks and it's paid- no getting a money order, sending an envelope, waiting for the seller to receive and acknowledge payment... or trying to remember to do the above. And more and more businesses outside of eBay are starting to take PayPal; same simple, secure, fast usage there as well.

As a seller, I wish people weren't so irrationally paranoid about PayPal and eBay. As a buyer, I hope more are- better deals for me!

Great comments, especially about the unwarranted paranoia.

But, if it helps you sleep at night, go ahead and be paranoid.

I have never had a problem with PayPal, EBay or using credit cards or debit cards. I just make sure I am careful with who,I do business with. There is a small chance I may have a problem in the future, but I doubt it, and am willing to take the risk.

 

[DHS]

I've had a PP credit card account for 10 years no link and non-verified for use on Ebay. Never an issue.

Yea, I have had mine about 9yrs with no link to bank only to my credit card. Well I went on ebay to buy some screen protectors for my phone and it would not allow me to complete the transaction. I asked seller to cancel the purchase.

Never had an issue, nor did I ever get an email about the limit.

 

[c39er]

Same^^^^ Till my $10,000 max spending limit!!!! Ha Ha Ha

 

[Toolfool]

I attached a separate checking account to paypal (in a different bank than my regular bank). After a few years paypal suddenly blocked me from transferring money INTO my paypal account claiming that I needed to verify who I was. They wanted utility bills showing my address. PO Box address was not acceptable. I called to tell them that all my billing goes to the PO Box, so no verification of physical address. Several calls and no resolution. Then $300 disappeared from the checking account. Paypal has no idea where it went ( "Sorry, I don't see any record of a $300 transaction"). ******* morons.

 

[Tarheelgarage]

You DO NOT need a PayPal account to buy on eBay. You can pay with a credit card (still processed by PayPal but that's not an issue.) If you sell on eBay you must either have a PayPal account, an account with an approved electronic payments processor, or a merchant credit card account with proper online payments processing.

Can someone explain how to buy on eBay without a paypal account? I thought Ebay changed it about 5-8 years ago that all purchases had to go via paypal?

 

[Bib Overalls]

Can someone explain how to buy on eBay without a paypal account? I thought Ebay changed it about 5-8 years ago that all purchases had to go via paypal?

You use your credit card. A lot of vendors, including some that do not sell on eBay, use PayPal to handle their sales transactions.

 

[Jinks]

I am with the others . . . . need more info before passing judgement. I have a real hard time believing that you and the seller are in agreement and Pay Pal will not settle it.

While there's no short version of a 4 month dispute I'll try to keep the length reasonable. I ordered 2 of an item. I received 1. The seller was having production problems. After several weeks I requested a refund. The seller agreed, but wasn't familiar with all of PayPal's procedures. He called PayPal & they told him to just pay my account the refund amount, which he did. After he told me that he had payed me I contacted PayPal & was told that they would send me a check minus a fee. I told them I didn't need to pay a fee for my own money. PayPal said they would take care of it. A couple of weeks later the seller contacted me & told me that the entire cost of 2 items had been removed from his account. Of course I had not received a refund yet. Both the seller & I contacted PayPal in a conference call & a different clerk told us that the clerk in the original contact had done NOTHING! They claimed they would resolve the problem. Again, nothing. I contacted my credit card company & they started an investigation. A couple of weeks ago they found in favor of PayPal based on PayPal's claim that I had not provided "proof of return" of the parts. I sent the credit card copies of all correspondence with both PayPal & the seller. The credit card company reversed their decision & is again going after the funds from PayPal. As it stands now I have already spent more than the fee from PayPal for my own money, but it's a matter of principal now. In the end I will not have a PayPal account, & may surrender that credit card, however I deal in good faith & expect the same from parties I deal with. If they are not co-operative I take my money elsewhere.