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Post by jen1 on Sept 7, 2005 14:54:35 GMT 1
hi would pay pal ask for your bank details when you have exceeded your limit??and you have to veryfy??
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miller
Olympic Poster
Posts: 501
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Post by miller on Sept 7, 2005 14:59:10 GMT 1
Don't do it! Colleague at work just had this and it was a farce - they have your details already and don't need them again
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Post by jen1 on Sept 7, 2005 15:13:28 GMT 1
?so has anyone ever seen this,im trying to pay for something but cant,??
The verification process varies from person to person since it is based on factors such as account type and how payments are being funded. There is more than one way in which you may become Verified. Depending on your profile, you may not be required to complete every step described below, and you will certainly not be required to complete all steps at the same time.
Set up direct debit with PayPal
Step 1: Log in to your PayPal account and click on Set up direct debit on the left hand side of your Account Overview page. When prompted, enter your bank details and review our Direct Debit agreement.
Step 2: When we have received your bank details, we will deposit two small security amounts into your bank account. When you see your next bank statement, make a note of these amounts.
Step 3: Log in to your PayPal account and tell us what these two amounts are.
When you have completed all three steps, you can then start sending PayPal payments funded by your bank account.
Validate your account information
Step 1: We ask you to check that the address and home telephone number you registered with your debit or credit card are correct.
Step 2: Once you have done this we issue you with a PIN.
Step 3: PayPal will then call your home telephone number and ask you to confirm this PIN.
This is the second phase of verification with PayPal. It is a secure and easy way of verifying your identity and protecting the security of our payment network for everyone.
Supplemental Merchant Information
We will ask you straightforward questions about the nature and size of your expected selling activities. This is because PayPal is required by law to know about its customers. PayPal will never share your information with any third party.
Top of page
What is Verification?
PayPal's definition of Verification is when we perform a detailed check of the information you supply at registration.
This Verification process is our way of safeguarding the security of everyone who uses our payment network. It is a secure and easy way of ensuring that you are indeed the owner of your bank account.
When these checks have been successfully completed, you gain the status of Verified. This signifies to other PayPal users that you have completed our verification process. Verification is just one of many ways by which PayPal prevents fraud and provides the most secure service possible.
Top of page
Why do I need to become Verified?
Confirm Identity
Buyers and sellers value the status of Verified as it indicates that they are dealing with a PayPal member who has successfully passed our identification checks.
Security
Once you gain the status of Verified, you are one step closer to qualifying for extra protection, such as PayPal Seller Protection. You need to be Verified to be able to offer your buyers PayPal Buyer Protection. Both initiatives help to protect your PayPal payments against fraud.
Convenience
Completing our verification process lifts the limits on the amount of money you can send and withdraw with PayPal. Until you gain the status of Verified, there are limits on the amount of money you can send and withdraw.
Top of page
?
The verification process varies from person to person since it is based on factors such as account type and how payments are being funded. There is more than one way in which you may become Verified. Depending on your profile, you may not be required to complete every step described below, and you will certainly not be required to complete all steps at the same time.
Set up direct debit with PayPal
Step 1: Log in to your PayPal account and click on Set up direct debit on the left hand side of your Account Overview page. When prompted, enter your bank details and review our Direct Debit agreement.
Step 2: When we have received your bank details, we will deposit two small security amounts into your bank account. When you see your next bank statement, make a note of these amounts.
Step 3: Log in to your PayPal account and tell us what these two amounts are.
When you have completed all three steps, you can then start sending PayPal payments funded by your bank account.
Validate your account information
Step 1: We ask you to check that the address and home telephone number you registered with your debit or credit card are correct.
Step 2: Once you have done this we issue you with a PIN.
Step 3: PayPal will then call your home telephone number and ask you to confirm this PIN.
This is the second phase of verification with PayPal. It is a secure and easy way of verifying your identity and protecting the security of our payment network for everyone.
Supplemental Merchant Information
We will ask you straightforward questions about the nature and size of your expected selling activities. This is because PayPal is required by law to know about its customers. PayPal will never share your information with any third party.
Top of page
What is Verification?
PayPal's definition of Verification is when we perform a detailed check of the information you supply at registration.
This Verification process is our way of safeguarding the security of everyone who uses our payment network. It is a secure and easy way of ensuring that you are indeed the owner of your bank account.
When these checks have been successfully completed, you gain the status of Verified. This signifies to other PayPal users that you have completed our verification process. Verification is just one of many ways by which PayPal prevents fraud and provides the most secure service possible.
Top of page
Why do I need to become Verified?
Confirm Identity
Buyers and sellers value the status of Verified as it indicates that they are dealing with a PayPal member who has successfully passed our identification checks.
Security
Once you gain the status of Verified, you are one step closer to qualifying for extra protection, such as PayPal Seller Protection. You need to be Verified to be able to offer your buyers PayPal Buyer Protection. Both initiatives help to protect your PayPal payments against fraud.
Convenience
Completing our verification process lifts the limits on the amount of money you can send and withdraw with PayPal. Until you gain the status of Verified, there are limits on the amount of money you can send and withdraw.
Top of page
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Post by blumke99 on Sept 7, 2005 15:19:11 GMT 1
As far as I know there is a limit and the verification process is genuine. I just need to input my reference numbers now to complete mine.
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Post by jen1 on Sept 7, 2005 15:48:53 GMT 1
thanks, so you did it too ??
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fi
Advanced Poster
Posts: 372
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Post by fi on Sept 7, 2005 15:57:34 GMT 1
i have just had a scam email saying someone has paid me some money via paypal , there is a link in the email which takes you to a very genuine looking paypal page so beware !!
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Post by Palomino on Sept 7, 2005 16:26:42 GMT 1
jen1 - this is a completely bona fide request from paypal, i have done it too when i exceeded my selling limit, it is a security measure from paypal to verify that you are not laundering money thru your account and you know all your passwords and bank details etc. You do not do anything other than on the original paypal site, Do not follow any links from an e-mail and just do it thru your regular papal login and it'll be fine, the telephone bit is way cool, literally as soon as you do it, your phone rings - very spooky!!
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Post by jen1 on Sept 7, 2005 17:10:21 GMT 1
but ive never sold anything??does that make a differance,i have rung them but im not convinced
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Post by KoLaTo on Sept 7, 2005 20:35:58 GMT 1
jen1 - tis me - Palomino (alter ego! lol, was at work and couldn't log in as i was logged at home!!) it dosen't make a difference if you've never sold anything, i run a sort of 'ebay business' so they say and been around ebay and paypal for donkeys, i have now had to verify my account twice, once when i exceeded my buying limit as you have (believe it is either £250.00 or £500.00) and then again when i exceeded my selling limit, as i said above only go via your paypal site and you will be fine, never ever go via an e-mail even just to follow the link as it were. Always, always log direct into the paypal site for everything and you won't have a problem, when you are in there, just a quick check down to your toolbar on right hand side, you should have a yellow padlock? This verifies your site for you. If you follow an email fraud link then the padlock will not appear or it may be open or a different colour, DO NOT use the link if this is unlocked or a different colour - this is the fraudsters way round! Also paypal will never ask you to verify any passwords or anything via e-mail - only directly thru the site once you have logged in, when you make the telephone call, they do sound a little odd and i questioned them but they will never ask you directly for your passwords, only certain numbers or letters. Any probs then PM me and i'll help out if i can
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Post by KoLaTo on Sept 7, 2005 20:39:36 GMT 1
ps - once you have verified - instead of the debits appearing as the usual swipey card thing on your bank statement - it may appear as a direct debit, do not panic, it is the same as a swipe payment or bank payment, just goes thru quicker
Wish i'd logged in weeks ago, i'd have loads of shoes now instead of just the one!!!!
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Post by VictoriaA on Sept 7, 2005 23:11:07 GMT 1
I've done it Jen without any problems, just make sure you always log directly into Paypal not via a link from an email as someone said above.
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Post by jen1 on Sept 8, 2005 0:09:56 GMT 1
ok i rang the number,they sent me details of how to veryify,but then goes onto a direct debit,thing and i dont want to pay that way,i have never sold anything via ebay,i just always bye,but then if i did sell then i suppose the money would go in via that method,what make me mad is i have contacted the seller 3 times to no answer whats so ever grrrr,
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Post by morning on Sept 8, 2005 8:07:55 GMT 1
They need a direct debit so that you can pay. When you get invoiced for a transaction you go into PayPal, confirm you want to pay, and that you want it to come from the bank account you have set up with them. They then debit that account (which is why you need a direct debit set up) and they pay the seller.
I'm a seller on EBay and use PayPal. I automatically invoice the buyer at the end of the auction. They don't have to pay by PayPal, in fact I'd rather they didn't because then I have to pay fees. They can pay the invoice by cheque if they want - the invoice has my address on. The only payment I don't accept is credit cards. So if you don't want to pay by PayPal don't. If the seller hasn't invoiced you then they obviously don't want the money that bad - but remember they could be on holiday!
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maislow
Grand Prix Poster
Posts: 1,815
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Post by maislow on Sept 8, 2005 21:39:24 GMT 1
be careful I had a Paypal account used it lots, then had an email one day saying a transaction had been refused. I went in to look & someone had hacked into my accout & was trying to take over 3k out of my paypal account. Luckily they had enter a detail wrong to the sellers account & he had rejected the payment otherwise I would have lost 3K . I have closed the account now as it frightened me
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