PAYPAL initial deposits for verification!!

scrapdog2grand · #1 02-25-2012

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?

seanws30 · #2 02-25-2012

Quote:

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

IT IS NOW, SOMETHING NEW

Quote:

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

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

lakeman · #3 02-25-2012

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.

scrapdog2grand · #4 02-25-2012

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.

Sandy D · #5 02-26-2012

Everyone has to be careful with this.

PP is pulling out all stops.

bansheezone · #6 02-26-2012

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.

NoneOther · #7 02-26-2012

Quote:

Originally Posted by bansheezone

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.

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

scrapdog2grand · #8 02-26-2012

Quote:

Originally Posted by NoneOther

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

I would have to agree ^ with this!!!

soopadudette · #9 02-26-2012

What's instant verify?

newjerseymax · #10 02-26-2012

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.

scrapdog2grand · #11 02-26-2012

Quote:

Originally Posted by soopadudette

What's instant verify?

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.

UnderBites08 · #12 02-26-2012

Quote:

Originally Posted by scrapdog2grand

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?

lakeman · #13 02-27-2012

No, there are no deposits for instant verify..

GreenBean · #14 02-27-2012

Quote:

Originally Posted by soopadudette

What's instant verify?

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

UK users do not have this.

newjerseymax · #15 02-27-2012

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

soopadudette · #16 02-27-2012

Quote:

Originally Posted by GreenBean™

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

UK users do not have this.

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

wgenterprises · #17 03-01-2012

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

biggunn · #18 03-02-2012

Quote:

Originally Posted by wgenterprises

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

wells fargo

imjustme · #19 03-02-2012

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.

renzini · #20 03-02-2012

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

boodie20 · #21 03-02-2012

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 :(

Quote:

Originally Posted by rsot

@renzini, folx have reported on other posts about this phenomenon. In my opinion, if PP manually looks at the receipt from the debits, they can see the true bank holder's name. Will this cause you problems? In the future maybe but wait for other folx to chime in.

boodie20 · #22 03-02-2012

Quote:

Originally Posted by imjustme

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.

You think so?