posted on December 9, 2000 08:50:30 AM
I admit, I didn't carefully read the entire terms agreement before I signed-up for paypal. I signed-up several months ago.
Can anyone tell me if they have always had a limit on the amount people can send before they are required to become verified?
I originally signed-up because at the time some other sellers seemed to prefer this method of payment. It seemed like an easy and quick way to pay for auctions, but I am not verified and I have no intention
of ever providing them with access to my bank account.
I mainly want to use my account to send payments, although I have accepted payments from buyers who requested it.
I guess I will only be sending a few more payments. As soon as Christmas has past I'll be closing my account. If others who want to SEND payments feel as I do, sellers won't have to worry about accepting paypal payments.
posted on December 9, 2000 09:22:49 AM
I just pulled up today's (ahem) TOS at PayPal--I don't remember seeing that before, but there it is. Amazing.
Having shot themselves in the foot with many sellers, they're now aiming the Smith and Wesson squarely at the other foot. I guess requiring bank account verification from buyers is somehow meant to reassure/protect sellers?
At least that's what they'll say, most likely. Anyone want to guess at the real reason?
If I had stock in a money-order issuance company, I'd be doing the happy dance right about now...
(edited for spelling)
[ edited by AndieBelle on Dec 9, 2000 09:23 AM ]
posted on December 9, 2000 09:56:45 AM
Hi, Brooklyn Guy,
Banana heads?
Thanks for my giggle of the day! I loved PayPal at first, and wish it had worked out, and I am quitting it as of January. But hey--whining is what made America great. (Darn those whiners! If they don't like taxation without representation, why don't they just go back to England...)
posted on December 9, 2000 10:00:28 AM
YES PayPal has alway had a limit set before your verified.
Way back Paypal use to Verify users with Credit cards they would send you a verification to the address you gave them with a verification number you need to send them from your paypal account.
your account was limited to I believe $200 before verification. now they use checking account verification but still limit you till your verifide.
not sure what there limit is now but there receiveing limits now only $100 in anyone month then you must upgrade to a business account.
posted on December 9, 2000 10:04:32 AM
AndieBelle....what a great response and great sense of humor....I will never understand why ppl. can't follow "if you can't say something NICE,,,,don't say nothing!"
astraea had and absolute right to post without being called a name like a child would do.....
posted on December 9, 2000 10:41:59 AM
Please re-read my post. I'm not whining about anything.
I want to SEND PAYMENTS to sellers, and I want to pay with my credit card, not my checking account. That's why I registered a credit card with paypal.
If I were to walk into a brick-n-mortar business and attempt to pay with my credit card, and that business said, "By the way, we also require customers to leave a blank, signed check as a condition of accepting
credit card payments," you can bet I would turn around and walk away.
That's what paypal is asking buyers to do. They want both a credit card number and unlimited access to a checking account before they will SEND a payment.
If someone steals a credit card number, consumers have certain protections
and a limit on liability. Checking accounts have very few if any protections against theft. If someone unlawfully transfers money from your checking account, don't expect your bank to do or say anything except "I'm sorry, but we're not responsible."
If you give paypal permission to make deposits and withdrawals from your checking account, don't execpt your bank to include the "I'm sorry" in their reponse if paypal makes unlawful withdrawals, because your bank IS NOT responsible.
[ edited by astraea on Dec 9, 2000 10:46 AM ]
Your bank is not responsible and PayPal is
not a bank.
As a seller, I stopped using PayPal several months ago when they
required sellers to become "verified". Now, my daughter, who
reached her limit very quickly as a buyer is cancelling her
account.
Nobody needs to open their checkbook to an organization like paypal.
posted on December 9, 2000 11:53:34 AM
I am issuing everyone an informal apology for my banana head comment.
[ edited by brooklynguy on Dec 9, 2000 12:11 PM ]
