Forum

paypal world domination
 

did you know that paypal offers this "great" option to verify your bank account right away.... by giving them your online bank account's user name and password information! this has just gone too far. They warn all their users to never give our their paypal passwords, and yet they will happily collect your bank log in. I'm sure they got special personnel logging into our private bank accounts and snooping around. :eek: might as well spend some of our money while they're in there.

Its a 3rd party authorization, like Auctiva.

I didn't see that option before

isnt it provided by verisign? or maybe im thinking of somthing else

lol if this is true i cant think of a strong enough adjective for someone that actually do this. Ill just wait for the 3 days.

Yes its true. I made a paypal account recently and they said you can do immediate verification if you give them ur bank account screen name and password.

Are you sure about this? I know with BOA, you can sign in YOURSELF and do an instant verification. Would you post the information from paypal that says it does this,please? Otherwise, we may be creating another urban myth.

Greenbean, it is true as they gave me that option. There were 2 options. 1 where they make 2 small deposits to confirm your bank account. 2 (the new one) there are 2 boxes where you input your account number/login and password to your bank. The bank account I used was bankofamerica.

I don't have a screen or copy because I didn't think to do this at the time.

If so, this is potentially dangerous.

Aye, it's true and it works great. I gave them my info and verified things and I was ready to rock. Unless you're planning on ripping a lot of people off or go into the negative with Paypal, you shouldn't worry about it. Paypal isn't eBay. Even though they're the same company, it's nothing to worry about. I did this verification probably 6 months ago, my Paypal account is still good, my Bank account is still good, everything is good.

So say I have two accounts at the same bank. Then I make 2 seperate paypal accounts. I verified both of them using the online login method which logged into the same account. Would the be able to link the two paypal accounts?

Every one shuld plan go into the negative with Paypal ;-) i had paypal account and went negative so they send me letter from collection agency saying i should refill my account balance as well as pnone calls. I smiled and trow that letter away.

You can always change your Bank password after the Paypal verification

Im sure in certain countries this is against the law, however Paypal seems to do whatever they like anyway.

Guys, where on earth have you all been? This has been around for some time now.