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  #1  
Old 02-28-2019
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Default Got this notice

I got this notice:

"To continue sending* or spending money directly from your PayPal balance, please provide us with a bit more info so we can confirm your identity. We do this to help keep your account secure and support regulations that fight money laundering and fraud.

Click Confirm Your Identity, or log in to your account and click the Notifications icon at the top of the page, then follow instructions. You'll only have to do this once. By April 1st, the funds you keep in your PayPal balance will be held in a separate account, which will be opened and linked automatically to your personal PayPal account after you confirm your identity.

It's your choice whether to confirm your identity, but if you don't do so by 3/18/19, you won't be able to spend or send money* from your balance. Instead, you can log in to PayPal whenever you receive money and transfer it to your bank in about a day for free, or in minutes for a fee.**

Any automatic payments you have will continue to be paid from your balance. This includes subscriptions, installment plans, recurring payments, and even occasional purchases from certain merchants."

I never use my paypal to send money to other account or buy items. I only use it to transfer money into my linked US savings account.
Does this mean im all good and do not have to supply them the SSN or tax info?
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  #2  
Old 03-01-2019
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Default Re: Got this notice

As long as you're withdrawing to a US bank account you'll be fine.

I did notice after reading this notice though that it seems like eBay fees will continue to come out of your balance even if you don't confirm info. I thought we were going to have to pay eBay fees with a bank account or card.
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  #3  
Old 03-01-2019
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Default Re: Got this notice

Yeah, if we can still pay our ebay fees with our balance that is very good.
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  #4  
Old 03-01-2019
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Default Re: Got this notice

ebay fees will either come out of the PP balance or in the form of an eCheck from the bank.

So add that bank account and all is good
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  #5  
Old 03-01-2019
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Default Re: Got this notice

Quote:
Originally Posted by SaiJin View Post
ebay fees will either come out of the PP balance or in the form of an eCheck from the bank.

So add that bank account and all is good
Not a big fan of paying the fees though by uploading funds from bank
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