PayPal TOS Update - Transfers for verified people only!

slokor · #**133** 03-08-2018

Think about it.
The wording is if you cannot verify yourself then you can only withdraw funds to your bank account. This to me means that even having a bank account already attached is not going to be sufficient for verification because theyre referring to the ability to withdraw to the bank account that is already there.
Again - I heard this from two sources now that have spoken extensively to paypal customer service reps - theyre being told that an SSN will be required to activate that functionality. Whether or not this is actually the case is anybody's guess at this point because from my personal experience those reps usually know less than nothing.
Time will tell.

yankee · #**134** 03-08-2018

100% of my accounts are verified on ebay and of course ebay never asked for my SS number.

Time will tell I guess. Wont effect me much either way.

slokor · #**135** 03-08-2018

Yes if you have your bank accounts attached and all you do is withdraw your funds out then this has almost no impact on you.
If youre NOT in the US though and do NOT have the ability to withdraw your funds then this pretty much negates the option of using US accounts.

Gladiator · #**136** 03-08-2018

Other than areas that cannot access PayPal locally, what is the benefit of using US accounts over others? Is this a drop shipper thing?

smartguy · #**137** 03-08-2018

Quote:

Originally Posted by Gladiator

Other than areas that cannot access PayPal locally, what is the benefit of using US accounts over others? Is this a drop shipper thing?

buy supplies, paying coders ,etc

smartguy · #**138** 03-08-2018

Gladiator : how do you plan paying your ebay fees btw?

Gladiator · #**139** 03-08-2018

Quote:

Originally Posted by smartguy

Gladiator : how do you plan paying your ebay fees btw?

Paypal. My accounts are all SSN verified or have EINs attached so this doesn’t change how I pay my fees or run my businesses on eBay. Doesn’t change my Etsy shops either.

slokor · #**140** 03-08-2018

Quote:

Originally Posted by Gladiator

Paypal. My accounts are all SSN verified or have EINs attached so this doesn’t change how I pay my fees or run my businesses on eBay. Doesn’t change my Etsy shops either.

If you have multiple accounts how are they all SSN verified...? unless youre using SSNs that are not your own which is not exactly legal...

suspendedfoe · #**141** 03-08-2018

Quote:

Originally Posted by slokor

If you have multiple accounts how are they all SSN verified...? unless youre using SSNs that are not your own which is not exactly legal...

I think he is referring to the requirements like win/SSN and worded it wrong. If he is using stolen SSN I doubt he would say that lol

slokor · #**142** 03-08-2018

His words are : "My accounts are all SSN verified..."
I certainly hope that was worded wrong then.

Gladiator · #**143** 03-08-2018

She has hers and one account she shares with her mother as they run a joint business. All other accounts still contain real info, just verified with EIN. I have more accounts than the amount of emails I can attach to each account. If they didn’t cap it off I’d just run one.

So unlike your first impression, what I am doing is perfectly legal.

slokor · #**144** 03-08-2018

Im glad to hear it

Wouldnt want anyone to get in trouble.

Gladiator · #**145** 03-08-2018

Quote:

Originally Posted by slokor

Im glad to hear it

Wouldnt want anyone to get in trouble.

I’m completely against making ⊗⊗⊗⊗ docs or using stolen/forged info. I have managed to not run into many PayPal issues, just mostly Etsy messing with me thanks to competition. I would move on to websites or other platforms if it ever got to the point of breaking the law to do business. Even forging invoices is something I have an issue with.

I just check in on these threads as I do have EIN based accounts, still legit, and don’t want to lose those as I’d be over the limit for business accounts using my SSN.

smartguy · #**146** 03-09-2018

I just made 3 calls to PayPal , talked to 3 people and they have no idea about that. I was asking all those 3 girls "Haven't you got that e-mail as well?!". They all ended up telling me "I can see no restrictions on your accounts whatsoever" "You have no limits, please feel free to send and receive as much money as you wish" <---- this made my day =))

phaz0rz · #**147** 03-09-2018

Quote:

Originally Posted by smartguy

I just made 3 calls to PayPal , talked to 3 people and they have no idea about that. I was asking all those 3 girls "Haven't you got that e-mail as well?!". They all ended up telling me "I can see no restrictions on your accounts whatsoever" "You have no limits, please feel free to send and receive as much money as you wish" <---- this made my day =))

They're just baiting you, and it's possible the reps you spoke with haven't got the memo yet. At least 2 other users I know of had a much more ominous experience on the phone with PP recently.

dallis · #**148** 03-09-2018

"I can see no restrictions on your accounts whatsoever" "You have no limits, please feel free to send and receive as much money as you wish"

For now.

nate · #**149** 03-09-2018

I just bought close to 1k worth of $100 gas cards @ $94 a piece to clear out my accounts without a BA. What a PITA this is going to be. SMV has a special today so get em while you can.

ebaystealth1974 · #**150** 03-09-2018

Quote:

Originally Posted by nate

I just bought close to 1k worth of $100 gas cards @ $94 a piece to clear out my accounts without a BA. What a PITA this is going to be. SMV has a special today so get em while you can.

What would happen to the balance-money, when this update happens, if you don't have a bank account for it to withdraw to?

nate · #**151** 03-09-2018

No clue, but by the sound of it it will be stuck there.

ebaystealth1974 · #**152** 03-09-2018

Seems weird. They are going to have BUNCH of pissed of people, if that's the case.

phaz0rz · #**153** 03-09-2018

Quote:

Originally Posted by ebaystealth1974

Seems weird. They are going to have BUNCH of pissed of people, if that's the case.

Paypal will tell those people that their hands are tied by money laundering regulations, and that verifying yourself via doxxing is an easy solution.

@nate - source? were they digital cards or something?

nate · #**154** 03-09-2018

@Phazorz

So if I have personal bank accounts attached... If I get EIN nubmers will I have to open up new BA's in the business name and switch BA's on PP?