PayPal extortion?

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SCHWEREPANZER
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Re: PayPal extortion.

Post by SCHWEREPANZER »

The 'limit' matter works in reverse as well. That is, some accounts, I assume all of them at least initially, are set up to receive a limited amount until the account of the recipient is enhanced to receive an amount above the initial limit. I had the experience of attempting to transmit 3000 euro to a friend, only to be told the recipient's account could not accept that level of funding. I incrementally reduced the sending amount until the 'sweet spot' was reached. A modification of the recipient's account later lifted the the lower limit of allowable received funding.
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Son of a gun-ner
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Re: PayPal extortion.

Post by Son of a gun-ner »

A friend of mine suggested that it's about money laundering, and various steps that banks and governments are taking to try to combat such things. That's why in England, we can't pop to a friend's bank and put cash into their accounts with just knowing their account details needed to pay in.
That became a pain as I was forever putting cash in their account for them to pay for things online on my behalf. Can't leave a paper trail for the missus to find ;)
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971wright
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Re: PayPal extortion.

Post by 971wright »

Hi guys you could always scrap your current paypal account and open another, start all over again.

regards pete
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Son of a gun-ner
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Re: PayPal extortion.

Post by Son of a gun-ner »

971wright wrote:Hi guys you could always scrap your current paypal account and open another, start all over again.

regards pete
Yes, that thought did cross my mind Pete :thumbup:
I'll see how it plays out, I'm sure I'll blow my final 200 plus quid left of my spending allowance in the next couple of days lol.
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General Jumbo01
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Re: PayPal extortion.

Post by General Jumbo01 »

As Dave at Forgebear said, it's just PayPal checking you are good for your limit, a small inconvenience for the free service and financial insurance they provide. What does frustrate me is their repeated emails telling me to have their credit card. No, l don't need one!
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Son of a gun-ner
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Re: PayPal extortion.

Post by Son of a gun-ner »

General Jumbo01 wrote:What does frustrate me is their repeated emails telling me to have their credit card. No, l don't need one!
Oh yeah, and some starting with "Congratulations," like you should be honoured to get their credit.
I just hit delete. I was thinking of marking it as spam, which is what it is. But I still want to receive the other, legit messages from them.

A purchase using PayPal on eBay is getting ridiculous.
Get a message from eBay confirming the purchase.
Get another from the vendor confirming the purchase.
Get another from PayPal confirming my purchase.
Get another from PayPal telling me I'm close to my sending limit.
Then later, get another from PayPal to review my latest transaction.
Then a day later, get another from PayPal offering PayPal credit.
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General Jumbo01
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Re: PayPal extortion.

Post by General Jumbo01 »

Why not then ask PayPal to increase your spending limit? I assume you are clearing your debt each month so you get your full limit available again. If not then you are paying a silt high interest rate!
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Son of a gun-ner
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Re: PayPal extortion.

Post by Son of a gun-ner »

Oh no, I don't have PayPal credit, I would never have credit, the only credit I've touched is a mortgage. All this is about a sending limit, not a spending limit.
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Son of a gun-ner
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Re: PayPal extortion?

Post by Son of a gun-ner »

Ah, my apologies, I made a finger slip and typed in spending instead of sending when writing about all the emails after a simple purchase. Have removed the P now.
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Woz
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Re: PayPal extortion?

Post by Woz »

I remember years ago (early 2000's) having to verify my account, when the gov started cracking down on money laundering.

I had to do the credit card pin thing and prove my ID by sending the a copy of a photo ID (passport, drivers license, etc). Problem was I couldn't just scan or take a pic and send it to them via email, I had to fax it to them. I'd never used a fax before (or since) had to go to the library. You'd think a large online company would have some sort of separate secured email system to except attachments.
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