12 thoughts on “9 Year Old Account Forced To Verify After Reaching $10,000 Limit”

1. Gman on March 16, 2011 at 8:25 AM

   Had the same issue last week.
   Been doing Ebay for 10 yrs using my Chase Visa.
   I refuse to get Verified and give Paypal my bank info. Just asking for trouble. My card company will back me and ever contact me if suspected fraud. PukePal Sucks
   I just closed my account.Ebays loss not mine.
   Found better deals at Amazon and Overstock etc.

2. crftygrdnr on March 21, 2011 at 10:47 PM

   Ditto above comments. Member of PayPal from day 1. 100% feedback and suddenly I reached my limit. I refuse to give them my bank information or sign up for PAYPAL charge card.

   Goodbye PAY PAL and EBAY it is obvious you do not want my business anymore.

3. Spitt on April 4, 2011 at 11:27 AM

   That’s not actually due to PayPal, but the US government. PayPal being located within the USA, has to do this kind of thing, for all customers. Much of this came down after 9/11 and the terrorist attacks.

4. belles.mom on April 4, 2011 at 11:28 AM

   Just was informed of the same thing by PayPal — unless they continue to have direct access to my checking account my spending limit has now gone down to zero! I can still make purchases, they assured me several times with a straight face, I just can’t spend more than zero. They are simply trying to force all users to sign up for the PayPal credit card — that’s all they are about.

5. Jade on April 19, 2011 at 8:53 PM

   I have had the same problem. I’ve been using paypal just as long as you, and have with 100% feedback and all of a sudden i am asked to verify an account when i have a credit card backing it. considering I do not reside in the US but pay separately from a US address where stuff bought online is delivered to where I actually reside. It is sad that its come to this, cause i’ll miss shopping on ebay and I had to close my paypal account.

6. alwayswatching on June 27, 2011 at 12:12 PM

   This had nothing to do with the U.S. Government, Homeland Security or any IRS money laundering regulations, this is strictly PayPay trying to get into your pocket, any time they tell you it’s a government regulation ask them what is the exact regulation that requires this and they will not be able to give it to you because none exist, it is a PayPal lie.

7. 3MD on August 15, 2011 at 12:20 PM

   Same thing- met my 10,000 limit after 9+ yrs of flawless buying and i have my own ccard with a zero balance and they want access to my bank account and/or get their 25%+ interest rate ccard! So until i can renew my account with the same ole card I WANNA use, they can stick it! They are gonna lose lots from me come Xmas time- greedy! Dont play their game!

8. Mark Lanini on August 19, 2011 at 6:59 AM

   Had the same thing happen to me this past sunday. Received an email saying I was close to the $10,000 mark and I would have to get verified by giving paypal my bank account number, and bank routing number. This the email went on to say was for fraud protection. I called paypal that monday and was told it was because they had trouble collecting money from folks who used paypal. I use a visa check debit card and the money is taken out of my account ASAP. I told her I had no intention of giving my bank information or applying for the paypal credit card. I was then told when I reached the $10,000 mark my paypal account would be cancelled. Like everyone else I have a 100 percent feedback rating but that don’t count. For some reason they want personal information and that request they can stick. Adios ebay and paypal.

9. Swvue04 on August 25, 2011 at 3:21 AM

   I also received my notice and I will be canceling. As all of you have noted, Paypal is more interested in reducing costs by adding your checking account. Apparantely, CC fees are higher than what a bank would charge for a checking account transaction. Ironically, they would love for you to open a Paypal CC, since all profits will go to them. Goodbye Ebay and Paypal.

10. gofastgo on December 8, 2011 at 7:11 PM

    Same here, been with both for as long as I can recall, 429 transactions, two CC’s on file, both with high limits, won an auction and Paypal refused to send money, I did what everyone above did, closed account with both.

    Approx. 13% isn’t enough in total for these people.

11. Michael on April 8, 2012 at 5:21 PM

    Please make sure you complain to your state attorney general office about this -only thing which will get them to change is being forced to.

12. Saddened on April 22, 2012 at 1:27 PM

    I have also received the email, also not going to give them the info.