Question
My DW signed up with PP as a business account against by advice (she will learn the hard way).
To transfer more than $500/month to her separate checking account, PP requires either the SSN or a Credit Card!
She asked me what does that have to do with getting her own money transfered from her account? (she's starting to see the light with PP).
She will never give them her SSN or CC number. What's the alternative to get more than the $500/mo. limit?
Answer
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by superman:
She asked me what does that have to do with getting her own money transfered from her account? (she's starting to see the light with PP).<HR></BLOCKQUOTE>
Fraud prevention. They want your SSN or cc on file so they can run your credit report to verify your identity and approve the higher limit.
This seems like a pain in the rear I know, but it's good because it helps protect us all against fly-by-night scammers.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>She will never give them her SSN or CC number. What's the alternative to get more than the $500/mo. limit? <HR></BLOCKQUOTE>
Don't give them any such information. Just get a PayPal debit card and take out/spend as much as you want up to the daily debit card limit.
Answer
She has her checking account verified with the two small deposits PP has made. Obviously that means the bank had verified who she is, and has her SSN on file in order to open the checking account.
I don't believe fraud has anything to do with it.
To further prove my point, if she gets the debit card she can withdraw more that $500/mo., so what's the point of giving PP this info?
BTW, having a debit card from anyplace is like signing a blank check and loosing it. Anyone can withdraw money from your account as long as they have the acc't number. Ask my wife. She had a restaurant double charge her debit card with 2 different amounts about 2 hrs. apart. It was a headache to get the money back.
Answer
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>gamecock-- "Just get a PayPal debit card"<HR></BLOCKQUOTE>
Don't you have to give them your SS# to get a Paypal Dredit Card?
Plus it appears that a credit card would still have to be registered before one could apply for a debit card.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>From Paypal:
The PayPal ATM/Debit Card is available to users who:
Have been a PayPal member for at least 60 days
Have a U.S. PayPal account
Register a credit card where the monthly statement is sent to a physical street address (not a P.O. Box)
Are Verified (have added and confirmed a bank account)
Have upgraded to a Premier or Business account
Are an active PayPal member in good standing, as determined by our Account Review Department
<HR></BLOCKQUOTE>
I don't believe there is an alternative.
You either have to play by their rules (give them your credit card number) or find another way to accept credit cards.
Sorry, that's just the way it is.
Answer
Hmmm... They have no cc# or ssn# on file for me... The rules must have changed since I got my debit card.
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I don't see there being a massive jump to the sanctity of a credit card number once you've already given them your personal information, bank account number, routing number, and access. If it bothers her that much get a credit card with an extremely low limit.
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Answer
No problem with giving CC number, probably will. But big problem with SSN!
I'm only afraid that PP will charge her credit card and it will be a battle to get it returned.
PP steals money from peoples account, so why should they not steal money from her CC?
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Given the choice, if they were going to "steal" - I'd rather have them take it from a credit card. Then I could have time to deplete my bank account of funds and do a chargeback on the card. If they took money from my bank account I think it would be a lot harder to retrieve.
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Answer
If your wife is a seller on eBay, doesn't eBay already have her credit card number? PayPal is owned by eBay.
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Just pay your eBay fees with it.