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since ‎Apr-11-2011
hakari
hakari
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Re: payment limit forced to disclose bank account ...

by sandypurins Advisor in Fees (Archive)
‎Apr-13-2011 04:41 PM
‎Apr-13-2011 04:41 PM
hakari wrote:  I am asking PayPal to remove the limits because these policies are not part of the user agreement that I agreed to in 2006 when I signed up for PayPal. PayPal had a lifetime unverified account sending limit long before you became a member and they have had a lifetime unverified account sending limit all along. Here's the applicable text from PayPal's User Agreement... 3.1 Sending Limits.  We may, at our discretion, impose limits on the amount of money you can send through the PayPal Services. You can view your sending limit, if any, by logging into your Account and clicking on the View Limits link on the Account Overview page. If you have a Verified Account, we may increase your sending limits. https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=ua/UserAgreement_full&locale.x=en_US#3.%20Sending%20Money. Here's the applicable text from PayPal's User Agreement which was in effect on February 6, 2003... 8 years ago... "Once you confirm an email address and add a credit card, you are limited to a total of $2,000.00 USD of spending. Some accounts, at PayPal's discretion, may have a lower limit. Once you become Verified by confirming your bank account, your Sending Limit will be lifted. Account limits, if any, can be viewed from the "View Limits" link on the Account Overview page. In order to become Verified, you must login to your PayPal account and authorize PayPal to make two small deposits, at PayPal's own expense, to the bank account that you registered. Your bank account and your PayPal account will be considered Verified if and when you correctly enter these deposit amounts on the PayPal website. If your Verified bank account is closed, you must confirm your control of a new U.S. bank account in order to remain Verified. PayPal reserves the right to decide that accounts at certain banks may not be used for Verification."   ... View more
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