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PAYPAL initial deposits for verification!!
 

had 2 accounts verified through paypal,
but what I noticed this time - is that the 2 trial deposits where deposited and then withdrawal again and sent to paypal.

this happened first with a capitol one online account, in which cap one, called me cause the name on the paypal account didnt match my bank account, and told me this is a no-no with them, which is fine the account was verified and limits lifted.

second was an hsbc online account which I have not had a problem with, but I just thought it strange the trial deposits where sent back after deposit, and I have never seen this with any other bank account.

so I guess I would like to know if this is normal to see this withdrawal?

and second can paypal see the account holder name, has anyone had a problem with this?

IT IS NOW, SOMETHING NEW

SOME PEOPLE HAVE HAD PROBLEMS

(sorry for the caps, wanted to make sure you saw my answers)

i use instant verify if available. cuts down on this issue

Yup I've noticed this for at least the last month, probably even longer they've been doing it.

IMO deposit verify is no longer good for stealth accounts anymore as pp will see the name on your bank account when they take the deposits back.

Instant verify works great, I've never had a problem with it.

Shame, hope its not a problem, great account.

Thanks to both of you, This was the latest stealth account, set up in January, first time I've seen this as well. wasnt sure if it was the bank or something paypal had to do with.

instant verify had never work for me before, but I think it was the bank.
some banks do not allow instant virification, this is what I was told by the bank anyway.

Everyone has to be careful with this.

PP is pulling out all stops.

Its random. Played with a few banks, Ally, Bank of America, and Chase. No issues or maybe I am just lucky, however one ebay attached to one of those Paypal's I made went down after the second sale. No mistakes were made so it might of been related to them just being very random at what they do. Some are saying its just them being cheap.:rolleyes:

p/p don't need to be cheap. They do everything for a reason.

I would have to agree ^ with this!!!

What's instant verify?

Yep, had it happen several times on different account with different banks. Ally included... However note those accounts are still running strong...

Is it possible that they may be name matching to see if the name registers as banned in ebay system???

Another good reason to go stealth BEFORE your good name gets banned.

thats when you want to verify your bank account, by entering the bank account user name, password, and secret question answers.
paypal will instantly use this to verify your bank account, does not work with all banks, and you must still do the trial deposits.

So even when we do instant verify we still have to do deposits?

No, there are no deposits for instant verify..

US paypal users have this. They have access via their bank accounts

UK users do not have this.

:noidea:

I am actually quite surprised that they still allow instant confirm in the US...

:boink:

Ahhh no wonder I didn't have a scooby what they were going on about!

what online checking accounts do you recommend at this point for stealth accounts that will work as instant verify with PP

wells fargo

I doubt they can see the names of the bank accounts when the payments are returned, especially if it's a savings account. They're not wire transfers, they're EFT transfer. PayPal shouldn't be able to see the names, just the account numbers and the amounts. I think they do it because they just don't want to lose hundreds of thousands or millions in small deposits every year.

limited after micro deposits
 

I have a new Stealth eBay & paypal account 2 month old and has some money, around $600 from eBay sales. I did the regular process to add the bank info on the 02/25/2012 to confirm the 2 micropayments, but today when I was ready to add the 2 small deposits amounts I find out that in my bank account (ALLY BANK) are 2 small deposits on the 27th from PAYPAL (CREDITS) 0.02 0.03 and same amount in 1 transaction for (DEBITS) 0.05 from PAYPAL same DATE

CREDITS
02/27/2012
PAYPAL VERIFYBANK
$0.02 $0.03

DEBITS
02/27/2012
PAYPAL VERIFYBANK
$0.05

Do you guys think that PayPal already know My real name with this last transaction for $0.05 as this was debited to Paypal from My Bank account?
I opened many accounts before but I don't remember see debits from PayPal in my Bank accounts

I did not confirm the PayPal yet because I'm not sure if this will limit my stealth account
Is this a new Limitation Method from PayPal?

THANK YOU

I would like to just confirm: paypal is using that new trick. to credit than debit the micro deposit! It shows your real name. I have made 4 stealth accounts, 2 that are 8 months old. I just added the bank accounts 3 days ago. all 4 have had that: depost of the microdeposit and then a debit. and then limitation on the account :(

You think so?

It does say quite clearly when adding bank account that "names must match"... So its something they are getting onto...

I see a increase in DBA for stealth users in the future...

What countries are these accounts/bank accounts in? Egypt? Or United States?

I have noticed that at least a month ago people started talking about this and I did not get the deposits withdrawn from my accounts, but I am not taking chances and wasting banks after seeing this today when I went to add a bank.

Cut and paste from Paypal:

1.PayPal makes 2 small deposits (less than $1.00 USD) into your bank account for added security. (We’ll retrieve them soon afterwards.)

So now what to do? they still offer instant verify but with Ally it does not work.

This problem only happens with US accounts from what I'm seeing? Because in the US you're required to bank account verify. Other countries can be verified with VCC or other methods.

all accounts are either canadian or united states. Ebay or paypal dont have egypt obviously.

its the microdeposites, i called paypal and confirmed.

Have you guys considered that this might not actually be PayPal, but the bank? If the names don't match, the bank could bounce them back to PayPal, and it might show on the statement as if it was a debit by PayPal when it's really a return by the bank? Just a thought. Might explain why it happens to some and not to others.

I think PayPal is just getting greedy LOL! Imagine how much money they are losing with 1000s of accounts being verified everyday. :)

Another reason for this new method could be....

A story did pop like like a year or so ago about a guy who made like 10k from 1000s of paypal deposits alone this was all over papers i think other folk may have chimed in with his method hence them taking their small deposits back.


I like your thinking, valid argument.

Certain banks are a no go. Most have no issues with getting deposits in other names.

As I previously stated , I acually got a call from the security dept from capitol one, telling me this was a no-no cause the names didnt match.
the stealth guide recommended the on-line hsbc, and I had a credit card through them so thats why I opened that online account. I'm not a big fan of giving out my password and secret questions, but I'll give the instant verify a shot next time.
still no problems as of yet with any of the 4 accounts opened in the last 3 months, only one account had the paypal withdrawls, from 2 online banks.

I spoke to someone in security department back in 2009 from HSBC about the names not matching... Just told them it was my sons account...blah..blah...blah... Basically he said not to do it again..

Something I noticed when transferring money to a bank I use. Taken from the page on Paypal where you put how much to send to bank.

*The name on your PayPal account must match exactly with the name on your bank account. Learn more about how to change your name on your PayPal account.

Bansheezone, PP said that for as long as I can remember. Just them tying to scare you, don't believe it.

I never paid attention to that, seems that was just now noted above were you would put how much you want to withdraw from the bank. Thanks

i hear some of you talking about the banks and some saying its paypal. has anybody made any accounts recently and done the deposit verification and your paypal is fine? i need to know before i start opening bank acc's just to lose them. also when doing the instand verify, say i have 3 accounts with joe smoe bank, i have one log in to access online and 3 diff account numbers. when doing instant verify do they compare that log in info etc or only the BA# etc.

So what is the final verdict on this? Just do the deposits still? or the instant verify?

man anything that happens in the US then Canada is sure to follow.

I suggest using instant verify that way no deposits are being made then once verified change your password and security question on the bank this way paypal has no access after but just for deposits.

I have only had a small percentage of VBA's have this 'debit adjustment' with the micro deposits. None have gotten limited as a result... Sounds to me like PayPal just wants to keep the Millions of dollars they spend on micro deposits in their pockets. People have probably just gotten limited for other reasons and blamed it on this debit. Hopefully.