PayPal: verified or unverified?

krunchyfrogg · 03-12-2005, 10:17 AM

I'm being told now that my spending limit is almost up, and that I need to become a verified member to continue using their services.

Is anybody else here a verified user of PayPal? I'm kind of skeptical about giving up my bank account number to some website.

TIA.

harleyquinn · 03-12-2005, 10:42 AM

I am and have been for about 3 years. I've never had any problem with Paypal as far as my information (bank account and credit card).

Chewbacca · 03-12-2005, 01:45 PM

I'm verified and have had no problems. I actually went the premeir account route and got the free debit card with a 1% cashback bonus. I pay my Ebay fees with it and earn some back.

Some things to watch out for is if you sell and recieve payments through Paypal and someone does a chargeback and you dont have the paypal funds to cover it then paypal will tap your bank account if the charge back is successfull. Adhering to the Paypal seller protection policy is the way to protect against this.

Another danger is if someone hijacks your paypal account they can get indirect to your bank funds.

I use a seperate checking account for I set up just for paypal as a hedge vs the risks. Also using strong, unique, and just plain weird passwords help. I change mine weekly and regard emails from payapl and ebay with the upmost of scrutiny and suspiscion. Never click a link in a paypal email and never reply to an email asking for any ort of account or personal information. If you recieve suspicious email concerning your account type the paypal url directly into your browser to check your account and change your password promptly.

All in all I would say using paypal is only slightly more risky than using a CC online. Using common sense and understanding the risks will go along way to keep your funds secure.

SpiritWarrior · 03-12-2005, 02:00 PM

W/e you do, make sure you don't give your details via an email allegedly from Paypal. Do everything at the paypal.com site only.

I am the same, unverified and never had a problem with spending limits.

Vaskez · 03-12-2005, 02:04 PM

Well a little risk for such a great convenience is not so bad right? I think Chewy's is the best idea: just set up a new bank account ONLY for paypal use, with a small credit/overdraft limit and just enough scrilla in there to cover whatever you're doing.

[ 03-12-2005, 02:06 PM: Message edited by: Vaskez ]

03-12-2005, 10:17 AM	#1
krunchyfrogg Red Dragon Join Date: February 14, 2004 Location: NY, USA Age: 48 Posts: 1,516	I'm being told now that my spending limit is almost up, and that I need to become a verified member to continue using their services. Is anybody else here a verified user of PayPal? I'm kind of skeptical about giving up my bank account number to some website. TIA. __________________ <i>A life is not important, except in the impact it has on other lives.</i><br />- Jackie Robinson<br /><br /> [img]\"http://img394.imageshack.us/img394/3353/salsashark7xl.gif\" alt=\" - \" />

03-12-2005, 10:42 AM	#2
harleyquinn Symbol of Cyric Join Date: November 25, 2002 Location: NY Age: 48 Posts: 1,190	I am and have been for about 3 years. I've never had any problem with Paypal as far as my information (bank account and credit card). __________________ [img]\"http://www.bethspage.us/sig.jpg\" alt=\" - \" />

03-12-2005, 01:45 PM	#3
Chewbacca Zartan Join Date: July 18, 2001 Location: America, On The Beautiful Earth Age: 50 Posts: 5,373	I'm verified and have had no problems. I actually went the premeir account route and got the free debit card with a 1% cashback bonus. I pay my Ebay fees with it and earn some back. Some things to watch out for is if you sell and recieve payments through Paypal and someone does a chargeback and you dont have the paypal funds to cover it then paypal will tap your bank account if the charge back is successfull. Adhering to the Paypal seller protection policy is the way to protect against this. Another danger is if someone hijacks your paypal account they can get indirect to your bank funds. I use a seperate checking account for I set up just for paypal as a hedge vs the risks. Also using strong, unique, and just plain weird passwords help. I change mine weekly and regard emails from payapl and ebay with the upmost of scrutiny and suspiscion. Never click a link in a paypal email and never reply to an email asking for any ort of account or personal information. If you recieve suspicious email concerning your account type the paypal url directly into your browser to check your account and change your password promptly. All in all I would say using paypal is only slightly more risky than using a CC online. Using common sense and understanding the risks will go along way to keep your funds secure. __________________ Support Local Music and Record Stores! Got Liberty?

03-12-2005, 02:00 PM	#4
SpiritWarrior Jack Burton Join Date: May 31, 2002 Location: Ireland Posts: 5,854	W/e you do, make sure you don't give your details via an email allegedly from Paypal. Do everything at the paypal.com site only. I am the same, unverified and never had a problem with spending limits. __________________ Still I feel like a child when I look at the moon, maybe I grew up a little too soon...

03-12-2005, 02:04 PM	#5
Vaskez Takhisis Follower Join Date: April 30, 2001 Location: szép Magyarország (well not right now) Posts: 5,089	Well a little risk for such a great convenience is not so bad right? I think Chewy's is the best idea: just set up a new bank account ONLY for paypal use, with a small credit/overdraft limit and just enough scrilla in there to cover whatever you're doing. [ 03-12-2005, 02:06 PM: Message edited by: Vaskez ] __________________ Too set in his ways to ever relate If he could set that aside, there'd be heaven to pay But weathered and aged, time swept him to grave Love conquers all? Damn, I'd say that area's gray

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Paypal	lost prophet	General Discussion	6	06-28-2006 04:38 PM
Bugs - possible or verified	Wyvern	Miscellaneous Games (RPG or not)	4	08-19-2005 10:43 PM
Since this site uses Paypal...	Jorath Calar	General Conversation Archives (11/2000 - 01/2005)	6	05-22-2004 08:57 PM
How secure is PayPal?	Hayashi	General Conversation Archives (11/2000 - 01/2005)	17	02-06-2004 09:16 AM
Paypal	Zero Alpha	General Conversation Archives (11/2000 - 01/2005)	8	11-06-2003 05:21 PM