Paypal

[reefme]

In life protect yourself rather than assuming. Never know what will happen.

[Seriak]

Just to clear things up. If you don't verify your account you have a lifetime limit. Essentially they are telling me that I cannot send anymore money to vendors until I attach a bank account. This is there response to my concerns.

"Your Withdrawal limit is already lifted, the limit that you need to lift is your Sending limit. Sending limit is the maximum amount of money which you can use for your purchases or sending money online. This can be lifted by getting a verified in PayPal.

Right now, adding and confirming the bank account is the only way to get verified in PayPal. We are currently working on other methods or options to get your PayPal account verified. We will notify you immediately for any updates that we will have in the future."

There are hundreds of anti-paypal sites because of this and other problems with paypal that I did not know about until I was investigating this issue. I think I will stay away from paypal for now.

[Delphinus]

I got the exact same line from paypal when I asked if there was a different method for verifying. That was at LEAST 5 years ago, maybe more like 8 years actually ... so don't count on those options coming anytime soon.

The biggest issue I have is that this verification thing vs bank account attachment, is that it only applies to Canadians (at least when I ran into it, if you were in the U.S. you could become verified simply by attaching a credit card.) That double standard irks me and I sort of drew a line in the sand over that. Further insult to injury is that it used to be different for Canadians, I know several people who signed up before me were able to get verified status just with a credit card. So again, that just irked me.

I haven't hit upon my spending limit yet though .. although it probably comes from that I only use paypal when it is an absolute last resort, there is utterly no other option available and it's something I can't get from a different vendor who can offer me better payment terms.

I guess if I hit the limit, either I will just decide to end my relationship with paypal altogether, or perhaps I will setup some kind of throwaway bank account that I can use. I would need to have a really big incentive to motivate me to do that, however.

Also, having been hit with identity fraud a few years ago, I've since taken a hard line approach to who gets access to my primary bank account. Paypal is a U.S. company, not a Canadian bank, I don't know what implications can come of this: I figure if I don't cross that line then I don't even have to worry about missing a mortgage payment and taking that hit on my credit rating all because of a bad ebay purchase or who knows what.

[Aquattro]

I just hi my sending limit today. Either they fix that or I don't use their services anymore.