admin : Friday, April 2, 2010, 2:07
PayPal’s Verification Policy Exposed
David Segal, a writer for the New York Times, has clarified the true reasoning behind PayPal’s “verification” procedure. There have been several complaints submitted to PPC regarding this supposed “security measure”, which is both unfair and extremely crippling to the unsuspecting PayPal account holder in many cases. There are many PayPal users who have had no problems with their accounts for years, when PayPal suddenly decides to freeze or limit their account. PayPal then demands that the account holder “verify” certain sensitive information such as bank account details before the user is allowed access to his or her own funds. According to Mr. Segal, PayPal’s bottom line, as it always seems to turn out, is the primary reason behind the verification policy.
Similar ComplaintsLimited Account For “Verification”Paypal issued a limitation on my account, first they told me that I had to verify info and they would release the limitation. I verified everything they needed, they would not release the limitation, then...
Account Frozen For Verification, Then ClosedDid over 30K a month using ebay and paypal, for over a year. Had nearly 98% great feeback, refunded a few people with hundreds of tranasactions. They froze my account on paypal, freezing nearly $3800.00....
