Paypal Direct Debit - what's this?!?!

[ng87]

Hi Guys,

Just had a look at one of my statement and a few days ago there is a transaction for direct debit of Paypal for a small amount (~£2)

appears as the following on the statement:

PAYPAL PAYMENT , INITIAL PAYMENT

What's all this about? Anything to worry about?!

Account is around a month old and not linked etc

[GTB]

so paypal have put the sum(£2)into your account?

or took the sum out of your account?

if put in your okay..but if it is a stealth paypal account and they took it out that could be a problem

which one?

[ng87]

Originally Posted by MR GTB

so paypal have put the sum(£2)into your account?

or took the sum out of your account?

if put in your okay..but if it is a stealth paypal account and they took it out that could be a problem

which one?

Took out, it was 4 days ago and not limited or anything?

[GTB]

Hmmm

so is the bank account details different to the name on the account?

or is it a slight alteration?

[ng87]

Originally Posted by MR GTB

Hmmm

so is the bank account details different to the name on the account?

or is it a slight alteration?

Slight alteration of 1st name that's all!

[GTB]

you may get away with it then!

[ng87]

Originally Posted by MR GTB

you may get away with it then!

does a limitation normally come? if so what's the timespan?

another question, why to they do this?!

[GTB]

not sure if you will get limited and not sure when if you do

i think they do it to see if the details match

never been though this myself though so cannot comment on what,why where and when

[Roundabout]

Some person posted all about this last week but i can't find the thread now, think it got moved to the subs or removed, as i remember they said it was a new thing that they do to find the details of the account holder, anyone else know the post im talking about ? think most here disagreed with the persons post at the time.

[GTB]

i heard this scenario a few times

just hope it is not actually a new ploy by paypal to catch us out

normally you get an email when they are debiting from your account

op...did you get an email???

[GreenBean]

Was there a thread recently?

[NotAHappyBunny]

did you receive a warning email?
I had the option to do this with a paypal account to verify a cc once - i obviously backed out.
They can't do this without your consent - surely?

[GreenBean]

Of course they can. If you allow the direct debit mandate, they take an implied approval to do what they want. It's a reason to keep on top of paypal activity and one's own bank accounts.
Be alert

[ng87]

no warning email, withdrawals still working from paypal too

[Stigger]

Nice, For how long i wonder

[GTB]

^^^he could get away with it as the name on paypal is only a slight alteration of the name on the bank account

only time will tell

keep us posted ng87!

[Stigger]

Originally Posted by MR GTB

^^^he could get away with it as the name on paypal is only a slight alteration of the name on the bank account

only time will tell

keep us posted ng87!

Pretty foolish statement to make seeing as though you are not talking from personal or in fact any experience in regards to this kind of situation.

[ng87]

Originally Posted by TizWoz

Pretty foolish statement to make seeing as though you are not talking from personal or in fact any experience in regards to this kind of situation.

To add to this, the 21 day holds on paypal have stopped too!!

[GTB]

Originally Posted by ng87

To add to this, the 21 day holds on paypal have stopped too!!

thats good mate!

i had just about got to the point where the 21 days would of been removed but they upheld them as i had a problem just before the 3 months were up

lets hope that the direct debit does not cause you any issues

[ShadyOne]

PayPal take money from bank accounts once a direct debit has been set up. I am not saying they randomly snipe little sums of money when you had your back turned. Well, that has never happened to me so far anyway. Their's always a reason for these things, look for it is my advice.

Unless of course this is a 'NEW THING' that PayPal are doing to catch us all out, in that case, we're all f***ed!

Good luck