PayPal TOS Update - Transfers for verified people only!

[smartguy]

Originally Posted by ebaystealth1974

I can see it now... some PP coder dude monitors these forums and decides to write a little bit of code and make a new button. Then they all get together and laugh at us!

I did some researches online, and we are the only people talking about it.

[smartguy]

Originally Posted by Matce

I also have the CLAIM IT on some accounts.
Bank (VBA) attached
VCC attached
Fully verified
Some sales from ebay

I will try to do a transfer to bank later to see if it works. (will bounce because of VBA but the actual functionality of withdrawal shouldn't be impacted)

Can we see a screenshot? I never saw something like that before.

[phaz0rz]

Originally Posted by smartguy

Can we see a screenshot? I never saw something like that before.

There's one in another thread but his account has no bank

http://oi64.tinypic.com/ups93.jpg

[smartguy]

I got like 1000 sales past 30 days, all off ebay and never saw something like that. Maybe it is ebay related?

[smartguy]

What do they ask when he clicks "claim it"? Maybe they do it because it is a lot of ebay fraud. Somebody can sell a tv he doesn't have and use the money to buy gift cards for examples, or in person payments...

[smartguy]

i remember i once knew a girl... she bought in person from me, smile each time...5 times, expensive items , after the 5h order i checks her payments...and the name was the same but she used different e-mails. when she came again i told her i can't sell anymore to her, she just smiled and left.... i bet she was getting paypal balance from ebay , then contact local sellers and go shoppings

[Elliot]

Originally Posted by dallis

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

So this means if you gave PP your SS number years ago, and it's linked to a suspended account, that there's no way around this (assuming if this actually ends up being a requirement)...?

[Elliot]

Originally Posted by dallis

"If we have not verified your identifying information, a balance in your PayPal account can generally only be held in your PayPal account and transferred to a linked bank account or debit card."

Got to say I picked up on that too and that sounds ominous, and it's coming on April 1, less than 60 days away.

You mean April 18, right? Or is something else happening April 1?

[Gladiator]

Where are people seeing this date at? When I check for TOS updates I see they are doing one on March 15, but nothing after.

[Elliot]

Originally Posted by Gladiator

Where are people seeing this date at? When I check for TOS updates I see they are doing one on March 15, but nothing after.

Correct me if I'm wrong, but there are a few "updates" I got emails for (on some accounts, but not all) but without looking at your emails, if you just go to the PP site, and go to the bottom of the page and click on "legal" it will take you to the User Agreement.

If you go through that until you get to the blue link that says "Policy Updates" and then search that until the part where it says they are changing the "balance functionality" stuff, then just above that (and at the top of that page) it says "Effective date: April 19, 2018".

I hope that helps, if that's incorrect, let me know, but I'm pretty sure that's the date this stuff really takes effect.

[Gladiator]

Originally Posted by Elliot

Correct me if I'm wrong, but there are a few "updates" I got emails for (on some accounts, but not all) but without looking at your emails, if you just go to the PP site, and go to the bottom of the page and click on "legal" it will take you to the User Agreement.

If you go through that until you get to the blue link that says "Policy Updates" and then search that until the part where it says they are changing the "balance functionality" stuff, then just above that (and at the top of that page) it says "Effective date: April 19, 2018".

I hope that helps, if that's incorrect, let me know, but I'm pretty sure that's the date this stuff really takes effect.

I only got the email for March 15, I'll check out the revised policy updates on my accounts when I do my inventory later. Thanks!

[Gladiator]

I still...reading the entire updates. I just don't see the problem or worry?

*WARNING EBAY LINK*

https://community.ebay.com/t5/Sellin...x/m-p/28207207

I read through this and the Q&A, just seems like they don't want unverified accounts swapping money between them due to criminal activities. You can only withdraw your funds now. So, stealth should be fine?

[Elliot]

Originally Posted by Gladiator

I still...reading the entire updates. I just don't see the problem or worry?......

That's a clip and paste section of it that someone quoted on a board post.

Here is the page I'm telling you about:

**WARNING: PAYPAL LINK**

https://www.paypal.com/us/webapps/mp...-policies-full


You will notice the April 19th date in the first few lines, and then on the 9th bullet point they tell about how they will change the "balance functionality" of the accounts.

[Gladiator]

Originally Posted by Elliot

That's a clip and paste section of it that someone quoted on a board post.

Here is the page I'm telling you about:

**WARNING: PAYPAL LINK**

https://www.paypal.com/us/webapps/mp...-policies-full


You will notice the April 19th date in the first few lines, and then on the 9th bullet point they tell about how they will change the "balance functionality" of the accounts.

I read that. I don't see a problem, unless I'm being completely daft it's just stopping unverified transfers and purchases from my viewpoint. It shouldn't stop sales/transferring to banks.

[slokor]

Originally Posted by Gladiator

I still...reading the entire updates. I just don't see the problem or worry?

*WARNING EBAY LINK*

https://community.ebay.com/t5/Sellin...x/m-p/28207207

I read through this and the Q&A, just seems like they don't want unverified accounts swapping money between them due to criminal activities. You can only withdraw your funds now. So, stealth should be fine?

Not for anyone outside the US.
If youre in the US and have the ability to open bank accounts youre fine - no big deal.
If youre outside the US and are unable to get a valid US based bank account you will no longer be able to use a US based ebay/paypal for stealth purposes.
I personally know of a LOT of people this could impact.

[Gladiator]

Originally Posted by slokor

Not for anyone outside the US.
If youre in the US and have the ability to open bank accounts youre fine - no big deal.
If youre outside the US and are unable to get a valid US based bank account you will no longer be able to use a US based ebay/paypal for stealth purposes.
I personally know of a LOT of people this could impact.

So they'd just be forced to advertise and sale from the area they are in or in other places where they can get a bank account? Still can do stealth, just can't flood out actual US based sellers?

HSBC and Citibank are known to allow non-residents to open US accounts without being in the country should they wish to try to make more US based accounts.

[slokor]

I know all of that - most of them do not.
Anyway... we will see how things develop. Too early to know at this point what sort of impact this have on everybody.

[ebaystealth1974]

Still seems like this is the only difference in the two if you're identity can be verified or not... "used to make purchases or send money to others"

Neither of those should hurt a US stealth account. Right?

[Gladiator]

Originally Posted by ebaystealth1974

Still seems like this is the only difference in the two if you're identity can be verified or not... "used to make purchases or send money to others"

Neither of those should hurt a US stealth account. Right?

That's what I'm getting out of it. I don't see a problem for the way most stealthers function.

[phaz0rz]

Here is what I guess will happen:

- Tax ID (EIN) + bank account Paypals won't be affected (didn't get this email on my business accounts)
- bank account only Paypals will be able to continue selling but will have to withdraw all funds, which will suck when it comes to paying eBay fees
- no bank + no tax ID accounts will become useless. You'll be able to receive payments but not touch them until you add a bank.

Does that sound about right to you guys(and gals)? Personally I'm running a healthy mix of all 3 types.

[Gladiator]

Originally Posted by phaz0rz

Here is what I guess will happen:

- Tax ID (EIN) + bank account Paypals won't be affected (didn't get this email on my business accounts)
- bank account only Paypals will be able to continue selling but will have to withdraw all funds, which will suck when it comes to paying eBay fees
- no bank + no tax ID accounts will become useless. You'll be able to receive payments but not touch them until you add a bank.

Does that sound about right to you guys? Personally I'm running a healthy mix of all 3 types.

That's exactly what I believe is going on. I haven't ran anything but the #1 type you listed in years, but at least the others are salvageable for you guys with a few changes to your business.

[ebaystealth1974]

Originally Posted by phaz0rz

Here is what I guess will happen:

- Tax ID (EIN) + bank account Paypals won't be affected (didn't get this email on my business accounts)

I got the email for my original, non-stealth PP Business account. But it doesn't have an EIN(just SSN). If that matters.