 New Paypal Policy
Hi Everyone, i just want to know some information regarding the new paypal policy that takes affect in a couple days. Especially if you have stealth accounts and cant provide a credit report to paypal
Here is the New Paypal Policy
Effective Date: February 11, 2009
Beginning February 11, 2009 the PayPal User Agreement is being amended as follows:
1. A new section 2.4 is added to the PayPal user agreement. The new section will read as follows:
"2.4 Credit Report Authorization for Premier and Business Accounts. If you open a Premier or Business Account, you are providing PayPal with your written instructions to obtain your personal and/or business credit report from a credit bureau. PayPal may obtain your credit report: (a) when you open (or upgrade to) a Premier or Business Account, or (b) any time thereafter if PayPal reasonably believes there may be an increased level of risk associated with your Account. An increased level of risk includes, but is not limited to, a high number of chargebacks or reversals, or suspicious activity associated with your Account."
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