VBA now required on initial registration

[elmo]

As of a few days ago, a few Amazon accounts started asking for bank information at the charge card page of registration. It will probably be the norm shortly.

Wonder where this is going

[james929]

Originally Posted by elmo

As of a few days ago, a few Amazon accounts started asking for bank information at the charge card page of registration. It will probably be the norm shortly.

Wonder where this is going

interesting - where do you think this is going?

Are the bank info being required to set up an account do you mean or just given the option to do so..?

[elmo]

Who knows, but it will probably start showing up on all US accounts soon

Its required on selected US accounts on registration

No changes on the UK side

[slokor]

This banking information - is it verified instantly the same way paypal does it? Never dealt with Amazon so Im curious if the same VBAs that work for paypal will work for this purpose as well.

[DuSpast]

What does VBA mean?
Because you enter your bank infos at the deposit page.

[slokor]

VBA = Virtual Bank Account

[JamesNorth101]

Originally Posted by DuSpast

What does VBA mean?
Because you enter your bank infos at the deposit page.

It is something that can be used as an alternative to burning a real bank accounts

Its a virtual (often single use) bank account

[jmag91]

Hey guys, got a question.

With a VBA, how do you actually get your funds out?

[elmo]

Originally Posted by jmag91

Hey guys, got a question.

With a VBA, how do you actually get your funds out?

VBAs are you used just to verify the account, not to withdraw.

Originally Posted by slokor

This banking information - is it verified instantly the same way paypal does it? Never dealt with Amazon so Im curious if the same VBAs that work for paypal will work for this purpose as well.

So far no verification, just need to input bank details

[GreenBean]

Originally Posted by jmag91

Hey guys, got a question.

With a VBA, how do you actually get your funds out?

Later, when the account is sound, you add a bank account to cash out funds.

[JamesNorth101]

Originally Posted by jmag91

Hey guys, got a question.

With a VBA, how do you actually get your funds out?

You would still have to add your real bank account to get funds out. A VBA just lets you make sure that you have created the account correctly without burning a real bank account

[booras]

Its was asking for VBA on EU before.. i think one and half or 2 years ago..

[elmo]

Originally Posted by booras

Its was asking for VBA on EU before.. i think one and half or 2 years ago..

Yeah I have seen it come and go too but never seen it on the US accounts.

Could be the next step to verify accounts

[JamesNorth101]

It is going to make opening Amazon accounts pretty tricky for people who don't want to risk adding their own bank accounts right at the start given how hard it is to get the very few EU/UK VBAs that exist

VCC are pretty hard to find as it is and now this. Its going to be interesting to see what happens long term

[Play]

Just want to point out, Amazon don't verify bank's the same way PayPal verifies bank accounts, i.e. they don't send you deposits to confirm.

So a VBA would be ideal without worrying about too much, just to get past registration.