PayPal TOS Update - Transfers for verified people only!

[Hercules]

Originally Posted by Moscutter

Think this only affects usa paypals..If it goes as i think the majority of us think it will.This is what will happen.

You either add a bank to your paypal or add your SSN/EIN to become verified like always... If you're running paypals without a bank you will need to add one to send the money to anyone. Now, you can also add a SSN/EIN and then you can send funds to other people..

If i am mistaken, someone correct me.

That's what is says but I never trust them anymore. I had two recently go beyond the 180 days..asking for docks afterwards to add a bank. I had to use all my B.S. stories to get them to give it up which they did (180) days mind you...aholes.

[slokor]

Originally Posted by Moscutter

Think this only affects usa paypals..If it goes as i think the majority of us think it will.This is what will happen.

You either add a bank to your paypal or add your SSN/EIN to become verified like always... If you're running paypals without a bank you will need to add one to send the money to anyone. Now, you can also add a SSN/EIN and then you can send funds to other people..

If i am mistaken, someone correct me.

Read what the paypal ToS update states.
They state that if the account is not 'verified' then you will only be able to withdraw funds to your bank account. This implies the account has a bank account attached yet is NOT 'verified'.

[phaz0rz]

This thing is still going?

We need a sticky thread with all info up top..

[HurricaneHuntr]

Originally Posted by slokor

Read what the paypal ToS update states.
They state that if the account is not 'verified' then you will only be able to withdraw funds to your bank account. This implies the account has a bank account attached yet is NOT 'verified'.

Remember to be verified it's not just a bank. It's a CC + BANK, or BANK + SSN/EIN . All my accounts i make money on, have a combo of those. I just don't see all of a sudden people logging into their paypal and a pop up comes up and makes them answer questions, let's say they get the questions wrong and then they are asked to put in ssn etc.. Do you know how much that is going to impact ebay and other site's sales? Additionally, if this were a thing..Wouldn't they just have started it already opposed to all of a sudden springing it on all accounts at once? I dunno, i am not denying anything is a possibility. That's why i am taking money out every day now until the final day.Which tbh i am not sure what that day is lol. I'll just throw extra cash in savings or a CD , i usually let it sit in paypal myself, as moronic as that's been before,

As hercules said, sometimes they are a pain in the ass even after 180 days. Thank god my amazon suspension wasn't authenticity related..man i'd be FURIOUS with that much money gone.

Gonna create some extra paypals,

[ebaystealth1974]

Originally Posted by Moscutter

Gonna create some extra paypals, and buy some vba's... VBA prices may go up.

People are still selling those?

[jporter396]

who even makes their stealths without credit card verify, phone verify, email verify, bank confirmation. those are key elements to creating a new paypal account. Id imagine people who have done this should be fine and would be considered fully verified

[yankee]

Umm.....No....SSN or database questions going forward.

Verify your IDENTITY.

[HurricaneHuntr]

Originally Posted by yankee

Umm.....No....SSN or database questions going forward.

Verify your IDENTITY.

I think people are reading too much into it. If they require some sort of docs to verify identity, they will be overwhelmed and it'd be a PR nightmare. You can't ask hundred million people for identity docs at once. Just created a new account today and nothing has changed since i did it 6 months ago

[HurricaneHuntr]

Originally Posted by ebaystealth1974

People are still selling those?

why wouldn't they? VBA verifies your paypal and allows you unlimited withdraw limit

[aquabats]

Originally Posted by Moscutter

why wouldn't they? VBA verifies your paypal and allows you unlimited withdraw limit

So Is a VBA the solution to get rid of ''claim your money'' restriction?

[slokor]

No. It is not.
Yet again - the wording states that unless youre verified you can only pull the funds to your bank account which implies that you can have a bank account attached to the paypal and yet NOT be verified.

[nocash]

Yeah I don’t think they’ll ask for documents. I was lucky to have an account with the updated terms. When you get a payment, you will receive an email saying “money is waiting for you” also, you will be given the option to withdraw to bank (I added a bank and withdrew just fine) I also sent another payment to the account and it still asks to claim the money. I was able to withdraw again no problem. I still haven’t verified the account and everything is fine.

Now, on my other account, i chose to verify it instead. They don’t mean to verify with a bank and credit card. They mean your social security, and date of birth. If they don’t match, then you will only be able to withdraw. I purposely entered false information. I called PayPal and they told me to submit a copy of my ssn and drivers license. Since this was false information, I pretty much killed the account, but I’m still able to withdraw.

I’m hoping this clarifies some things. I know I’m not the best at explaining things haha.

[GreenBean]

Originally Posted by ebaystealth1974

People are still selling those?

Not here.

[HurricaneHuntr]

Originally Posted by nocash

Yeah I don’t think they’ll ask for documents. I was lucky to have an account with the updated terms. When you get a payment, you will receive an email saying “money is waiting for you” also, you will be given the option to withdraw to bank (I added a bank and withdrew just fine) I also sent another payment to the account and it still asks to claim the money. I was able to withdraw again no problem. I still haven’t verified the account and everything is fine.

Now, on my other account, i chose to verify it instead. They don’t mean to verify with a bank and credit card. They mean your social security, and date of birth. If they don’t match, then you will only be able to withdraw. I purposely entered false information. I called PayPal and they told me to submit a copy of my ssn and drivers license. Since this was false information, I pretty much killed the account, but I’m still able to withdraw.

I’m hoping this clarifies some things. I know I’m not the best at explaining things haha.

Intersting, makes me wonder on accounts with EIN's how does this affect those? Gonna keep withdrawing still, when does this go live? And so if this is the case, you know who's going to really be killed by this? Ebay. Unless they are allowed to automatically get funds anyway. Because, while you and i might have our reasons for not providing ssn/dob there is thousands and millions of people who don't want to do it, simply because they feel it's not safe to do it. THOSE people are going to have a fit, if what you mentioned is true.

[GreenBean]

Originally Posted by Moscutter

why wouldn't they? VBA verifies your paypal and allows you unlimited withdraw limit

Forum not dealing with them. Stop talking about them.

Been changes since you were active like these past days.

Keep in mind a paypal is verified by bank account plus releveant US if used. It also needs a CC/VCC to confirm.
Where bothare attached to account, paypal has a better degree of trust.




info is for USA paypals only

[Hercules]

To me this PP thing may be no biggy but if you remember EB's message about Adyen there was a definite 'and some more verification' or something like that when describing what will come next. I don't think any of this sh*t will be a factor at all. Shrink the sellers and die slowly EB. Just think of all the newby's out there beyond your time here way in the future. Getting flagged out and never having the chance to come back? LOL

[smartguy]

Originally Posted by nocash

Yeah I don’t think they’ll ask for documents. I was lucky to have an account with the updated terms. When you get a payment, you will receive an email saying “money is waiting for you” also, you will be given the option to withdraw to bank (I added a bank and withdrew just fine) I also sent another payment to the account and it still asks to claim the money. I was able to withdraw again no problem. I still haven’t verified the account and everything is fine.

Now, on my other account, i chose to verify it instead. They don’t mean to verify with a bank and credit card. They mean your social security, and date of birth. If they don’t match, then you will only be able to withdraw. I purposely entered false information. I called PayPal and they told me to submit a copy of my ssn and drivers license. Since this was false information, I pretty much killed the account, but I’m still able to withdraw.

I’m hoping this clarifies some things. I know I’m not the best at explaining things haha.

Try to upgrade it to a business account and let us know if they still ask for an SSN or an EIN. Are these payments from ebay?

[ebaystealth1974]

Originally Posted by Moscutter

why wouldn't they? VBA verifies your paypal and allows you unlimited withdraw limit

Well... you won't find any for sale on here.

[smartguy]

https://www.paypal.com/us/webapps/mp...rivacy-preview

Here we go ))

[smartguy]

They also talk a lot, a lot about the data they collect, in details.

[ebaystealth1974]

Originally Posted by smartguy

Try to upgrade it to a business account and let us know if they still ask for an SSN or an EIN.

Sounds like someone has never had a business account.

[smartguy]

Originally Posted by ebaystealth1974

Sounds like someone has never had a business account.

I have a few. I am still getting payments, and I never get that "claim your money" on them yet. I am trying to figure out why some people get it, and why others don't. Please note that PayPal also wrote in their tos update that money will be "generally available" if they can confirm.