PayPal TOS Update - Transfers for verified people only! - Page 3 - 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 > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #45  
Old 03-07-2018
donkeykong2012's Avatar
Executive [VIP]
 
Join Date: Nov 2012
Posts: 663
Thanks: 113
Thanked 136 Times in 98 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

People send funds to each other all the time. Family and Friends etc.

So yes it does affect Buyers. I see your point of course. It seems Paypal have a big problem with purchases paid with Paypal balances.

Last edited by donkeykong2012; 03-07-2018 at 12:41 PM.
Reply With Quote
The Following User Says Thank You to donkeykong2012 For This Useful Post:
phaz0rz (03-07-2018)
The complete step-by-step guide to get back to selling today!

  #46  
Old 03-07-2018
Senior Member
 
Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

WTF?!?!

"For business accounts, we are changing the fee charged for our faster withdrawal option to an eligible debit card linked to your PayPal account to 1% of the transferred amount."
Reply With Quote
  #47  
Old 03-07-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: PayPal TOS Update - Transfers for verified people only!

Generally when a real Paypal user is transferring money via F&F it's funded by their bank/CC and not a PP balance.

I'm not denying it will impact buyers but I think it will impact stealth sellers way more.
__________________
____________
_______
___
Reply With Quote
  #48  
Old 03-07-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: PayPal TOS Update - Transfers for verified people only!

Quote:
Originally Posted by ebaystealth1974 View Post
WTF?!?!

"For business accounts, we are changing the fee charged for our faster withdrawal option to an eligible debit card linked to your PayPal account to 1% of the transferred amount."
Yeah, I saw that. But I've never done the debit card withdrawal thing anyway. Why pay when it's free the other way?
__________________
____________
_______
___
Reply With Quote
  #49  
Old 03-07-2018
Senior Member
 
Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

They know how to make money, that's for sure.

Do you know what the rate currently is?
Reply With Quote
  #50  
Old 03-07-2018
MU
 
Join Date: Jan 2010
Posts: 1,210
Thanks: 450
Thanked 563 Times in 352 Posts
Activity: 0%
Longevity: 82%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

I'm not surprised they are adding some new fees. They are gonna see a decent drop in their income around June when eBay allows an on-site payment options. I'd almost bet they raise their % on sales slightly soon too.
Reply With Quote
  #51  
Old 03-07-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: PayPal TOS Update - Transfers for verified people only!

Quote:
Originally Posted by ebaystealth1974 View Post
Do you know what the rate currently is?
$.25 per withdrawal.

I don't know what kind of processing rates PP gets from the networks but I was surprised to see a flat fee when they rolled out the feature. They would have to be losing money if someone transferred a couple thousand dollars to their card and PP only charged $.25.
__________________
____________
_______
___
Reply With Quote
  #52  
Old 03-07-2018
Junior Member
 
Join Date: May 2017
Posts: 31
Thanks: 4
Thanked 4 Times in 4 Posts
Activity: 0%
Longevity: 40%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

i need vcc for paypal
Reply With Quote
  #53  
Old 03-07-2018
Senior Member
 
Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

Quote:
Originally Posted by phaz0rz View Post
$.25 per withdrawal.

Holy moly! Now it'll be $10 to withdraw $1000. Significant jump for people drawing big bucks, often.

Only time I'd ever use it is, if it was on a Friday. My money seems to go into the twilight zone until Monday, when I withdraw on Fridays lol
Reply With Quote
  #54  
Old 03-07-2018
MU
 
Join Date: Jan 2010
Posts: 1,210
Thanks: 450
Thanked 563 Times in 352 Posts
Activity: 0%
Longevity: 82%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

Quote:
Originally Posted by ebaystealth1974 View Post
Holy moly! Now it'll be $10 to withdraw $1000. Significant jump for people drawing big bucks, often.

Only time I'd ever use it is, if it was on a Friday. My money seems to go into the twilight zone until Monday, when I withdraw on Fridays lol
Do you have Chase accounts at all? I get my Friday withdrawals on Saturday with them. Other banks it’s usually Sunday night when they process for Monday.
Reply With Quote
  #55  
Old 03-07-2018
Senior Member
 
Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

BOA. It's like no one in the universe has my money over the weeknd, and I dont like that!
Reply With Quote
  #56  
Old 03-07-2018
Junior Member
 
Join Date: May 2013
Posts: 103
Thanks: 0
Thanked 20 Times in 14 Posts
Activity: 0%
Longevity: 63%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

I can provide an update here, not sure if you'll like it tho!

Had a second account with the "claim it" issue and tried to resolve it with various calls. Ended up with a manager at the end that could not provide a solution BUT spilled some bad news:

A) There is definitely an update coming (we know that): you will have to provide SS and DOB to have a running balance.

B) There will be a future update that will require SS to open a PP account.

Update #1 seems to be confirmed with the change of terms, I have my doubts on update #2 still, since they would loose a lot of customers.

Last edited by Matce; 03-07-2018 at 04:58 PM.
Reply With Quote
The Following 2 Users Say Thank You to Matce For This Useful Post:
nickopedia (03-08-2018), phaz0rz (03-07-2018)
  #57  
Old 03-07-2018
Senior Member
Threadstarter  
 
Join Date: Jul 2015
Posts: 317
Thanks: 3
Thanked 21 Times in 20 Posts
Activity: 0%
Longevity: 50%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

Can somebody with a proper english , give a call to paypal and just ask about the update?
Reply With Quote
  #58  
Old 03-07-2018
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 10%
Longevity: 91%
iTrader: (90)
Default Re: PayPal TOS Update - Transfers for verified people only!

Then again - you have to take anything paypal Customer rep people say with a huge grain of salt since theyre a bunch of monkeys who are always kept in the dark.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
The Following 2 Users Say Thank You to slokor For This Useful Post:
donkeykong2012 (03-07-2018), Hercules (03-24-2018)
  #59  
Old 03-07-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: PayPal TOS Update - Transfers for verified people only!

Yeah, but I'm afraid I can trust a manager who's saying the same thing as the UA update in different words.

So the question is can you still run a PP with just a bank account and have all funds transferred. The problem is, that's exactly what a merchant account does.

EDIT: and the other question is, will existing business accounts be alright using their EIN in place of SSN..
__________________
____________
_______
___
Reply With Quote
  #60  
Old 03-07-2018
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 10%
Longevity: 91%
iTrader: (90)
Default Re: PayPal TOS Update - Transfers for verified people only!

Guess we will all find out soon enough.
Until then this is all speculation.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
The Following User Says Thank You to slokor For This Useful Post:
donkeykong2012 (03-07-2018)
  #61  
Old 03-07-2018
donkeykong2012's Avatar
Executive [VIP]
 
Join Date: Nov 2012
Posts: 663
Thanks: 113
Thanked 136 Times in 98 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

Are Paypal doing this because of Adyen? It appears that is the plan. To tighten things up as divorce proceedings progress.

I have read the Policy Change again and it is clear as mud and ambiguous. As it is meant to be. It simply gives Paypal more power over its user base. From a legal point of view.

So Paypal want an SSN for anyone who has a US account and a running balance for purchases/transfers?

Good luck with that PP........

Last edited by donkeykong2012; 03-07-2018 at 05:20 PM.
Reply With Quote
  #62  
Old 03-07-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: PayPal TOS Update - Transfers for verified people only!

Paypal has to move into the traditional banking/merch account business if they want to stay relevant post-Adyen. Requiring bank-level verification at signup would be a step in that direction.

Slokor is right about this being all speculation. Honestly though I have a good bit of money floating around in unverified accounts ATM and I'd like to be prepared if this starts in 21 days.
__________________
____________
_______
___
Reply With Quote
The Following 2 Users Say Thank You to phaz0rz For This Useful Post:
donkeykong2012 (03-07-2018), ebaystealth1974 (03-07-2018)
  #63  
Old 03-07-2018
Senior Member
Threadstarter  
 
Join Date: Jul 2015
Posts: 317
Thanks: 3
Thanked 21 Times in 20 Posts
Activity: 0%
Longevity: 50%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

Quote:
Originally Posted by donkeykong2012 View Post
Are Paypal doing this because of Adyen? It appears that is the plan. To tighten things up as divorce proceedings progress.

I have read the Policy Change again and it is clear as mud and ambiguous. As it is meant to be. It simply gives Paypal more power over its user base. From a legal point of view.

So Paypal want an SSN for anyone who has a US account and a running balance for purchases/transfers?

Good luck with that PP........
People will quickly give it...as most of their users are buyers anyway, and you are being ask for an SSN almost anywhere, even for a prepaid card from payonner
Reply With Quote
  #64  
Old 03-07-2018
donkeykong2012's Avatar
Executive [VIP]
 
Join Date: Nov 2012
Posts: 663
Thanks: 113
Thanked 136 Times in 98 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

Quote:
Originally Posted by smartguy View Post
People will quickly give it...as most of their users are buyers anyway, and you are being ask for an SSN almost anywhere, even for a prepaid card from payonner
If of course they actually DO have an SSN from a stealth POV.
Reply With Quote
  #65  
Old 03-07-2018
Senior Member
 
Join Date: Sep 2011
Posts: 3,126
Thanks: 11
Thanked 761 Times in 582 Posts
Activity: 0%
Longevity: 72%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

Do you have Chase accounts at all? I get my Friday withdrawals on Saturday with them. Other banks it’s usually Sunday night when they process for Monday.

That's because the Fed handles these transactions, and they don't process credits and debits Friday night and Saturday night. They come back to work close to midnight on Sunday.

Some banks count 'pending' funds as available, Chase may be one of those, but technically the money isn't there in your account until the Fed actually processes the transaction.

If you watch your bank account you'll see that during the weekdays and most of the weekend you accumulate 'pending' transactions. Overnight they are processed and become 'completed'.

will existing business accounts be alright using their EIN in place of SSN

I can't imagine why that would be an issue, and EIN is an acceptable standin for a SSN most places. The bigger question is will they require the whole SSN or just the 4 digits they ask for now... ?

you will have to provide SS and DOB to have a running balance

Which really means you will have to provide SSN & DOB, because they won't let you use the balance in any way otherwise.

Last edited by dallis; 03-07-2018 at 05:54 PM.
Reply With Quote
  #66  
Old 03-07-2018
Senior Member
Threadstarter  
 
Join Date: Jul 2015
Posts: 317
Thanks: 3
Thanked 21 Times in 20 Posts
Activity: 0%
Longevity: 50%
iTrader: (0)
Default Re: PayPal TOS Update - Transfers for verified people only!

SSN & DOBS must also match a real name/address?
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
Paypal transfers luverlyjuberly UK eBay & Paypal 4 11-25-2011 11:48 PM
Update to my Paypal IRS 200/20000 Update (Stealth) newjerseymax Subscriber Discussions 15 06-02-2011 08:07 PM
**Entropay Update** Why some people are having problems - Now uses AVS MadSam Entropay 16 03-13-2011 01:52 AM
Paypal Verified, but the verified bank acc is disabled! Original Paypal msg attached ukflashman Subscriber Discussions 13 10-29-2010 05:59 PM


Aspkin Group

All times are GMT -5. The time now is 03:48 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 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58