I'm facing the same question that presumably scores of PayPal users have, but every thread on the subject here has the "Reply" button deactivated. So I guess I have to try to remember points others raised and take a stab at this blind.
As an advocate of reason, rationality and capitalism alike, I'm having a difficult time understanding why, after spending upwards of $9000 over the span of umpty years, it's suddenly necessary for me to "verify" that I'm not a money-launderer, terrorist, drug dealer, mafioso, spy or International Man Of Mystery.
My primary problem is not with that kick-in-the-teeth imposition per se, but rather the specter of having my vital information - namely my bank account, which is the repository of my money, which in turn is the repository of the time, thought and effort I have expended in earning it - plastered all over some server somewhere.
IOW, PayPal has done exactly zero to assure me or anyone else that this information will not be something I will wake up and read about in a news report - about some PayPal techie-dweeb who got his laptop stolen, along with 498,000,000 PayPal users' identities, now up for bids on the black market. Obviating the need to use my actual bank account was precisely the reason why I - and doubtlessly 98% of the rest of PayPal's users - signed up here in the first place.
So, barring the most logical and ethical course. which would be an immediate review and abolition of this misguided new policy, if I do what someone on another thread suggested - go over to my bank and set up a new account with some token amount in it, then use that for verification purposes - will that satisfy this "security" check, while preserving the privacy and access priority of the actual account from which funding is drawn?
I'm trying to find a solution to this mess that will a.) satisfy PayPal's sudden need to know that I am not a criminal and b.) keep my life from being destroyed via identity theft.
