I'd just like to put my tuppence worth in here. The fact that they want you to give them your bank details at $10K makes me think that this is not a PayPal thing but a regulatory thing. Whenever you withdraw $10K per year (in one go or cumulative) the banks have to inform the Govt/IRS. This is supposedly to try to counteract money laundering. I might be wrong, but it might be worth considering, or asking PayPal WHY they want this information once you hit $10K. Oh and by the way, the bank doesn't inform you when they pass on your info to the IRS. That's the Patriot Act for you.
Donna From: MaryAnn Helland [mailto:[email protected]] Sent: Friday, October 19, 2012 5:15 PM To: [email protected] Subject: Re: Paypal, was Re: CS>Info Silver wire Hi Lou. Thanks for your post. I need to make a clarification here, though -- I am not talking about a *notice from Paypal to update my account information*. I, too, have received those scam emails, and I simply delete them. What I am talking about is a legitimate email from Paypal telling you that you are approaching your ten thousand dollar spending limit. If you follow up on this email by going to Paypal (never through a link, but by regular internet access), you will see the same information on your Paypal account page. And if you call Paypal by phone to inquire about this, they will tell you that this is correct -- that you have to verify your identity (because you have never come into their office and filled out an application form, etc. -- why would I need to do that?) My argument is that I've been doing business with Ebay and Paypal under the same name, address and phone number, and the same credit card number, for many years. If I wasn't who I say I am, wouldn't there have been a problem by now? My opinion -- they're asking for information that they're not entitled to, and do not need to know. If you haven't encountered this problem yet, you will when you reach their thresh-hold of ten thousand dollars. MA _____ From: Lou Kraft <[email protected]> To: [email protected] Sent: Fri, October 19, 2012 4:58:18 PM Subject: Re: Paypal, was Re: CS>Info Silver wire I would like to give all a heads up. I too received a notice from PayPal to update my account information. When I called PayPal they told me that no such notice was ever sent by them. They informed me that any PayPal emails to me email would start with 'Dear My Name". The email I received was "Dear PayPal Customer". Be aware anytime someone tries to extract personal info online. Asside from the intro, the email look official as hell. Lou On Fri, Oct 19, 2012 at 12:51 PM, sol <[email protected]> wrote: I had no idea..........and no idea how close I am to the limit. Most places I shop online take my credit card directly, so my transactions thru paypal credit card processing are limited, and what few there are are mostly ebay purchases. Ebay has been forcing people to use paypal by one means or another for years. sol MaryAnn Helland wrote: Yes -- but.................. Paypal has a policy where once you reach a ceiling of ten thousand dollars having been spent through Paypal -- even though they are servicing your own credit card -- they require you to *confirm* your identity by providing them with your bank account numbers. That's not happening! And I'm close to their arbitrary limit (having used Paypal for years for Ebay and other online purchases) -- so I don't know how I'm going to conduct business in the near future. Paypal has no business asking for my banking information since they are not lending me money. They are performing a for-fee service. So -- be careful out there. MA ------------------------------------------------------------------------ ** -- The Silver List is a moderated forum for discussing Colloidal Silver. Rules and Instructions: http://www.silverlist.org Unsubscribe: <mailto:[email protected]?subject=unsubscribe> Archives: http://www.mail-archive.com/[email protected]/maillist.html Off-Topic discussions: <mailto:[email protected]> List Owner: Mike Devour <mailto:[email protected]>
