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Paypal Bank Account Verification Question
 

has anyone ever seen this before...

paypal makes the 2 small deposits and 1 debit to new checking account...

Previous account balance $350.00

Paypal deposit 1) .11 $350.11

Paypal deposit 2) .02 $350.13

Paypal debit 1) -.13 $350.00

Current account balance $350.00

my concerns is that they now have the name of the account when the "debit"
went back to them....

thank you for any response to this issue

Can i get a bump please
 

Can i get a bump please....
:bump:

Never seen that before so they deposited .13 then w/d it from your bank the .13

yes...there were 3 entries, 2 deposits, 1 debit

I hope that anyone who has ever experienced this or has knowlegde of this will respond...

Yeah me to i hope this isnt something new that would suck.

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Can i get a bump please....(79 views and no input)
:bump:

odd. i just confirmed 2 accounts within the last week and didnt have that

So far flylow u must be the only one who got this cause no one else seems to be posting. I have did many pp and never seen it.

Yes. I got it today!

12/12/2011
PAYPAL VERIFYBANK
$0.26 $0.00 $0.00
12/12/2011
PAYPAL VERIFYBANK
$0.00 $0.19 $0.26
12/12/2011
PAYPAL VERIFYBANK
$0.00 $0.07 $0.07

Must be new....

I was actually going to ask the same thing...But used search first... tada

So Pp must be trying to find out whos names in really on the banks used on the pp's

Can you guys do me an experiment and try attaching a Savings account?

If Paypal is moral enough, they shouldn't withdrawal from it because lots of people uses high interest savings account, and withdrawing from it = large fine

why has no one asked a pertinent question?

Which bank is involved and what type of account?

Been a couple of similar things for the UK.....

let's dissect this :suspicious:

I don't like the sound of this, I am hoping experienced users will add their insight into this.:juggle:

Ok well I'm waiting for my bank account to be verified . Should have the deposits in their tomorrow . Will let u know how it goes

I have sent money back into Paypal a couple of times, for a couple of accts for a large refund cropping up (thieves). Those accts are still running. Happened months ago.

Did you have to add a credit/debit card to the account ?

thats how they get/used to get there micro's back on the two account i had it happen to me on, i did not have to add card.

So maybe there testing the water on a new method.

Which bank is important - maybe both of you post the bank and see if it matches up. The problem with the DEBIT part is that YES the true account holder could be seen.

Also I think pp is just being cheap-a$$ again - I mean if they debit the 2 amounts then they have not lost money - typical cheapskates.

So they only made two deposits with me. They havent taken money out..
Its a savings account , note sure if that makes any difference.
Question.: why are u not able to use a credit card with your own name for eB ay and pp?

after confering with the other forum user who experienced this, it was determined that it happened at two different banks...

by the way, my account was a regular checking account

I have had them give eBay echecks before since I never leave much in there... never a issue .. believe me if PayPal wanted to know about you they could by just calling the bank. But they don't. They IMO are just being cheap

Sent from my PC36100 using Tapatalk

It should make a difference, now we just need a few more people to try it and work out a conclusion.

once with halifax and once with natwest.

You would think that would be againts privacy laws banks arnt allowed to give out personl info just to any one u wouldnt think.

Yeah, privacy laws count for zilch. If paypal want to find out info, they will play dirty to find it out.

Still waiting to hear which bank???? :juggle:

@MzGr - although your q is off of the thread (lil hi'jacker ha) Q: Question.: why are u not able to use a credit card with your own name for eB ay and pp?

You can use the credit card but name would have to be entered as the name of the eb/pp. Has to (or should be) registered to that account address.

/end of derail.

Back to the main thread - I wonder if pp is targetting specific banks and STATES with this deposit-withdraw test...

This is very interesting I think pp is making sure that it's not a prepaid bank and withdraw can happen ..........

similar to Square as they do this procedure. They make sure they can deposit and withdraw and see the name of the account. With Square your account isn't verified unless they do the deposit and withdraw.

I think it happened to the OP randomly as they are implimenting it for the new year. This is huge no more prepaid banks unless it's the few that works or VBA and they can see the mismatching names right away.....

Sounds like something major is afoot at PP land & we are barely aware of it or have any counter measures in place....:doh:

Speak for yourself on that one.

arrrrgggghhhh

we need an insider...a pp consultant who can turn the tables in our favor

anyone got a good cv in business management consultancy

we will start a forum charity and pay you for your undercover mission

This is scary :mad2: I'm trying to get the b@lls to make my first stealth account--I don't need this right now! I guess I had better get off my butt and get going, huh? I'll let you guys know if I see the debit on my bank. Also, I just might have info on another bank that is useful for those on Chexsystems (AKA the devil LOL). I want to make sure everything is kosher though before I get everyone all excited over nothing.

Ohhhh I hope this isn't a new way to weed us out :pry:

With testing comes more experience - nothing to be scared of. If you fail - you redo and learn.

Well, I just had to confirm my bank account because I got a new PP debit card in the mail and I guess I have to do that before I can activate it. I will let you guys know if they do the two credits and then a debit. I hope not, because the bank account is in my husband's name so they might see a mismatched name. I know that this bank isn't picky about mismatched names, because I just got my student loan reimbursement in his account with no problems and that's in my name of course. I hope this doesn't screw me up because it is my main PP account that my clients pay me through for my freelance work--that's why the debit card is so important.

Has anyone else had debits taken out recently?

I got my two deposits today and so far no debit. I hope that's a good sign. My account is with Banco Popular.

This is very interesting..I am waiting on paypal to verify 2 checking accts at woodforest 2 saving at woodforest 1 check at Citizens and 1 saving at Citizens. Keep everyone updated with outcome

Sorry forgot also 1 saving account at BOA s well. let everyone know shortly

@Mrs_Rodz - you got a pp debit card? Interesting.

Don't worry too much about the debit - you are just beginning with new accounts - focus on that.

Yeah, I have a debit card on a PP account that I have had for probably 8+ years. I really can't afford for that one to go down. That's why I'm going stealth to sell on EB--don't want to mess with the big daddy PP account .

That is a sensible approach by the sounds of it, to protect a long standing PP CC A/C. I can see where you are now coming from with regards to stealthing as well.
:pop2:

I set up 3 stealth pp accounts today, one with halifax and 2 with co-operative, and all three mentions the usual 2 deposits scenario. I shall confirm everything went ok in a few days