Just Noticed The New PayPal Policy Updates

[lee42lee]

I just got an email from PayPal about new policy updates. I just read them and will post them below. How will this effect our stealth accounts?

"Amendment to the PayPal User Agreement
Effective Date: April 1, 2012

Section 2.3 of the User Agreement (Identity Authentication) is being amended because we are making changes to our customer identification program as a result of changes in the law. Section 2.3 will now read:
2.3 Identity Authentication. You authorize PayPal, directly or through third parties, to make any inquiries we consider necessary to validate your identity. This may include asking you for further information, requiring you to provide your date of birth, a taxpayer identification number and other information that will allow us to reasonably identify you, requiring you to take steps to confirm ownership of your email address or financial instruments, ordering a credit report, or verifying your Information against third party databases or through other sources. We may also ask to see your driver’s license or other identifying documents at any time. If you use certain PayPal Services federal law requires that PayPal verify some of your Information. PayPal reserves the right to close, suspend, or limit access to your Account and/or the PayPal Services in the event we are unable to obtain or verify this Information.

Section 4.12 of the User Agreement (Micropayments for Digital Goods) is being updated to increase the maximum amount received in Taiwan New Dollars (TWD) that may be subject to a reversal without requiring a Dispute escalation from 10.00 TWD to 249.00 TWD.

Amendment to the PayPal Privacy Policy
Effective Date: April 1, 2012

We have made amendments to the PayPal Privacy Policy to reflect the way PayPal collects, stores and processes your personal information. A few of the changes to the Privacy Policy are highlighted below, however, we recommend you review the updated Policy in its entirety. The amended Privacy Policy is effective April 1, 2012 for existing users and effective upon acceptance for new users.
How we collect information about you. We have amended this section to address how PayPal collects data from your computer, mobile phone or other access device. We may also collect information about your use and interaction with our website, application or the PayPal Services.

How we use cookies. We have amended this section to reflect our use of session and persistent cookies, Local Shared Objects (commonly referred to as “Flash Cookies”) and the use of pixel tags. The help section of most browsers or browser add-ons provides instruction on blocking, deleting or disabling cookies.

Marketing. We have amended this section to address opting-out of notifications via our application and SMS messages.

How you can access or change your personal information. We have amended this section to include information regarding our account closure process.

How you can contact us about privacy questions. We have amended our disclosure of PayPal’s recognition as a TRUSTe Privacy Seal holder to comply with TRUSTe’s Website Privacy Certification program requirements. "

[SaiJin]

I'm not sure about what these "certain" paypal services are that federal law requires ID verification.

But the rest seems to be the usual thing they have been doing for a while now?

[digi]

What does pixel tags mean? How do we deal with that?

[seanws30]

here is the old section 2.3: "2.3 Identity Authentication. You authorize PayPal, directly or through third parties, to make any inquiries we consider necessary to validate your identity. This may include asking you for further information, requiring you to provide a taxpayer identification number, requiring you to take steps to confirm ownership of your email address or financial instruments, ordering a credit report, or verifying your Information against third party databases or through other sources."

it really isnt that different. face it, banking institutions in the US already REQUIRE a DOB, SSN, and ID. paypal only asks for DOB when opening an account, so they are below the banking standards.

start making back up paypal accounts. nice thing about this is that if they REQUIRE more info from buyers, maybe that will drive the buyers away and get them to use other forms of payment.

[ovidiu]

Exactly @ seanws30. With each update, they give themselves a little more leeway to check on sellers. Doesn't mean everyone will need to submit every document in the house, yet.

Doubt they will require more info from buyers though.

[Thankful]

Paypal you don't scare me! muhahahaha!

[GreenBean]

Bah it's a change of a few words.

[jeffweico]

Looks to me like their lawyers told them to make the change to cover themselves. It spells out what they have already been doing for awhile. So I don't see anything changing.

[degsey69]

I agree with jeffweico its a case of paypal covering their assets so as to speak, they have to show to the federal authorities they are doing due diligence which they have been doing just they did not tell us about it until now in the name of transparency.

[BiN4RY]

Originally Posted by digi

What does pixel tags mean? How do we deal with that?

Pixel tags like tiny images that can't be seen by your eyes that is embedded to an email for instance, used solely for tracking purposes. Although I haven't had any linking issues with them, disabling image viewing in email will prevent it from tracking you, if you're paranoid about it.

[jamblix]

So what's the difference? They've been doing everything stated in the new "changes" already. Let's face it if Paypal required documents of identity to open accounts or in essence made stealth not viable they would be losing lots of money and they know this, if Paypal truly wanted to get rid of stealth users they could do it easily.

[download3000]

idk about you guys this policy update is me.
hell i even subscribed to forum to see what people think lolz

[GreenBean]

Then B4 you race around panicking read more.

You will notice this all gets taken on board CALMLY.

No need to lose your head.

We have had policy changes before.

We will have them again.

If the fire is too hot then move away.

[newjerseymax]

I cant deny stealth is getting way way harder every few months...

[djjeffro]

I wonder what "certain" paypal services that federal law requires ID verification for? I wonder if they will be checking this for all accounts or just when they feel like it.