PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 06-08-2017
nate's Avatar
Senior Member
 
Join Date: Jul 2016
Posts: 895
Thanks: 138
Thanked 335 Times in 222 Posts
Activity: 0%
Longevity: 26%
iTrader: (0)
Default PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

- We are adding terms for a new faster withdrawal option. If your debit card is eligible to receive faster withdrawals from your PP account, you will be provided the option to use it when you transfer money out of your PP balance. The transfer will be subject to a $0.25 fee, which will be deducted from the amount of the withdrawal.

Has anyone figured out what debit cards this would apply to?
Reply With Quote
The Following User Says Thank You to nate For This Useful Post:
a311hanna (06-08-2017)
The complete step-by-step guide to get back to selling today!

  #2  
Old 06-08-2017
Executive [VIP]
 
Join Date: May 2009
Posts: 2,576
Thanks: 211
Thanked 668 Times in 500 Posts
Activity: 2%
Longevity: 82%
iTrader: (5)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

This is probably an early notification. I'm guessing once the feature has been implemented into Paypal's production environment, they'll provide more information.
Reply With Quote
  #3  
Old 06-08-2017
bjammin's Avatar
Executive [VIP]
 
Join Date: May 2013
Posts: 2,160
Thanks: 394
Thanked 712 Times in 444 Posts
Activity: 17%
Longevity: 51%
iTrader: (75)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

This is for US paypal?
Reply With Quote
  #4  
Old 06-08-2017
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 8,477
Thanks: 286
Thanked 1,973 Times in 1,448 Posts
Activity: 99%
Longevity: 88%
iTrader: (89)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

Quote:
Originally Posted by bjammin View Post
This is for US paypal?
Would love to know that myself.
If so this is pretty big news.
__________________
USA SELLER ACCOUNT EXCLUSIVES: 1,000/$100,000 AND 5,000/$500,000 - AGED!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #5  
Old 06-08-2017
MM78's Avatar
Executive [VIP]
 
Join Date: Sep 2010
Posts: 14,134
Thanks: 1,107
Thanked 4,821 Times in 3,332 Posts
Activity: 2%
Longevity: 71%
iTrader: (4)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

One thing missing is the following words: "PayPal Credit" which I assume means that the policy may be for those with PayPal debit Cards.
Reply With Quote
  #6  
Old 06-08-2017
Senior Member
 
Join Date: Jan 2017
Posts: 122
Thanks: 0
Thanked 7 Times in 7 Posts
Activity: 0%
Longevity: 22%
iTrader: (0)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

Quote:
Originally Posted by MM78 View Post
One thing missing is the following words: "PayPal Credit" which I assume means that the policy may be for those with PayPal debit Cards.
Agreed. They would never do anything that favors the stealth community without the greed factor for themselves.
Reply With Quote
  #7  
Old 06-08-2017
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 8,477
Thanks: 286
Thanked 1,973 Times in 1,448 Posts
Activity: 99%
Longevity: 88%
iTrader: (89)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

This has nothing to do with the 'stealth community'. I dont think stealth accounts make up such a large portion of the paypal business.
And I doubt this has anything to do with the paypal debit card. It doesnt make much sense cause those with the debit cards already have the ability to pull the funds from an ATM using that debit card.
This clearly speaks of something different.
Guess we will wait and see.
__________________
USA SELLER ACCOUNT EXCLUSIVES: 1,000/$100,000 AND 5,000/$500,000 - AGED!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #8  
Old 06-09-2017
Senior Member
 
Join Date: Sep 2011
Posts: 3,126
Thanks: 11
Thanked 750 Times in 578 Posts
Activity: 0%
Longevity: 63%
iTrader: (0)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

It says there'll be a $.25 fee, that's why it's in their interest. Millions of transactions a day * $.25 adds up fast. Or they're going to push the 'faster' bit.

Perhaps it is intended to accommodate prepaid cards as opposed to a debit card on a regular bank account.
Reply With Quote
  #9  
Old 06-12-2017
Junior Member
 
Join Date: Jun 2017
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 19%
iTrader: (0)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

Hopefully it's similar to services like Google Wallet/Square cash etc where you can instantly transfer money to your bank account via your debit card. Square charges a 1% fee
Reply With Quote
  #10  
Old 06-16-2017
Junior Member
 
Join Date: Mar 2016
Posts: 5
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 28%
iTrader: (0)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

Quote:
Originally Posted by MM78 View Post
One thing missing is the following words: "PayPal Credit" which I assume means that the policy may be for those with PayPal debit Cards.
Sorry I'm being optimistic and going on limb here that is definitely not the case, PP is going to capitalize on the $0.25 fee that they will get times xxxxx! This is great news has nothing to do with "PayPal debit card" that feature has already been implemented.



and will become effective July 27, 2017 for all U.S. customers
Reply With Quote
  #11  
Old 06-16-2017
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 8,477
Thanks: 286
Thanked 1,973 Times in 1,448 Posts
Activity: 99%
Longevity: 88%
iTrader: (89)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

Quote:
Originally Posted by nate View Post
- If your debit card is eligible to receive faster withdrawals from your PP account, you will be provided the option to use it when you transfer money out of your PP balance.
Wondering which debit cards will be eligible.
Also, it only says debit cards. Does this mean no credit cards are included in this option?
Guess we'll find out soon enough...
__________________
USA SELLER ACCOUNT EXCLUSIVES: 1,000/$100,000 AND 5,000/$500,000 - AGED!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #12  
Old 06-16-2017
Junior Member
 
Join Date: Mar 2016
Posts: 5
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 28%
iTrader: (0)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

Quote:
Originally Posted by slokor View Post
Wondering which debit cards will be eligible.
Also, it only says debit cards. Does this mean no credit cards are included in this option?
Guess we'll find out soon enough...

The anticipation of what this can evolve to as far as a new withdrawal .... either way this is huge news for US based ppl....
Reply With Quote
  #13  
Old 06-19-2017
miketyson's Avatar
Senior Member
 
Join Date: Jul 2013
Posts: 750
Thanks: 106
Thanked 154 Times in 114 Posts
Activity: 13%
Longevity: 49%
iTrader: (0)
Default Re: PayPal Notice of Policy Updates July 27, 2017 Reg. Debit Card Withdrwals

*****EXAMPLE******




Debit Card Requirements:

To use your debit card must be issued in the United States. Pre-paid cards aren't eligible won't work without a valid debit card. If an transfer fails, we'll ask you to update your debit card.


Here are the most common reasons you don't see your deposit yet:

Your bank is still processing the transaction. Some banks take more time to process deposits, like if your bank doesn't process payments on weekends or holidays for example.
Your debit card or account info isn’t current or valid. Learn to update it here.
Your account or card is canceled. Learn how to add a new card.
Your bank doesn't support immediate transfers. Tap here to see a partial list of these banks.


Banks without immediate transfer

If your bank doesn't support immediate transfers, we'll include earnings in your weekly deposit as usual. Your earnings should take about 3-5 business days to appear in your account.

Below is a partial list of banks that don't support immediate transfers. If your bank isn't listed here, contact the local branch to check whether they support immediate transfers.

Amegy Bank National Association | Astoria Federal Savings and Loan Association | The Bank of New York Mellon | BOKF, National Association | BNY Mellon, National Association | Citizens Bank of Pennsylvania | Commerce Bank, National Association | Deutsche Bank Trust Company Americas | E*TRADE Bank | Fifth Third Bank | FirstBank | First National Bank of Omaha | GE Money Bank | Goldman Sachs Bank USA | HSBC Bank USA, National Association | Huntington National Bank | Manufacturers and Traders Trust Company |
Northern Trust, National Association | The PrivateBank and Trust Company | RBS Citizens, National Association | Signature Bank | Silicon Valley Bank | State Street Bank and Trust Company | Susquehanna Bank | TCF National Bank | Toledo | UBS Bank USA | Umpqua Bank | Webster Bank, National Association
__________________
Everyone got a plan until they get punched in the face.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Notice of Policy Updates 3dfuzion PayPal Talk 0 10-29-2012 11:20 AM
Just Noticed The New PayPal Policy Updates lee42lee Subscriber Discussions 14 02-27-2012 08:57 AM
Paypal Policy Updates guangxipku Subscriber Discussions 6 12-01-2011 06:15 AM
July 1st 2011, the NEW 21 Day Hold Policy vigilantex69 PayPal Talk 14 08-07-2011 04:19 PM
paypal policy updates arshavin Subscriber Discussions 1 07-18-2010 04:09 PM


Aspkin Group

All times are GMT -5. The time now is 08:52 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts