PayPal and bank registration

kwikbreaks

I've had a PayPal account for years. I registered and verified my Tesco credit card with them way back.

A few months back I started getting messages that I was "Approaching my sending limit" and referred to some obscure financial regulations. Google shows this is common and it seems the only way around it it to register a bank account.

I did register a bank account years back but knocked it off because PayPal always defaulted to it as a source of payment and I get Tesco points from using my card. Anyhow it eventually seemed I had no choice and registered and verfied my bank which stopped the messages. I was pleased to see that PayPal offered the option to set the primary payment method and selected the credit card - guess what they don't honour it and you have to manually change from bank to CC every time you buy something. This is both on eBay and other websites offering PayPal as a payment option.

It isn't hard to see why of course. PayPal charge recipients of money - quite a bit too if you are a small eBay seller. They get charged a portion of that if they take a CC payment but sfaik taking bank debits costs them nothing. So they come up with some BS requiring you to register a bank card and then always use that in preference to what you've selected to screw the last few pence of profit out of each transaction.

bod1467

You think that's bad? Check out the new T&Cs.

skintpaul

I thought you had to link PP account to your bank, to get any money out- unless just using as a virtual currency?

kwikbreaks

skintpaul wrote: »

I thought you had to link PP account to your bank, to get any money out- unless just using as a virtual currency?

I have two PayPal accounts. I use the one that always had a bank account for selling. The one I only had a CC card for was just for buying stuff.

If fact that's another annoyance - they always take paypal funds first and that's why I have two accounts - I don't withdraw funds until I'm sure there will be no refund resquest. I screwed up once and sold something I thought was working which wasn't and for some reason or other it took an age to add funds so I could issue the refund.

skid112

I had the temerity to change bank accounts paypal wouldnt accept the new account as my wife had already registered it as its a joint account. They were quite happy with the other joint account we had closed though.
Gave up arguing with the numpties and closed the account

pinkteapot

The joint account thing annoys the t*ts off me. Hubby and I only have a joint account - we don't have separate current accounts. I can't link the joint account to my Paypal account because hubby has already linked it to his account. So I don't have a bank account connected to Paypal. I really don't understand why they don't think two people at the same address would share a bank account!

bod1467

pinkteapot wrote: »

I really don't understand why they don't think two people at the same address would share a bank account!

Maybe it's not the "American Way". They are fundamentally a US company after all.

Butterfly_Brain

The same paypal who wants to chip our brains

http://www.independent.co.uk/life-style/gadgets-and-tech/news/paypal-wants-to-replace-passwords-with-brain-implants-and-computers-you-swallow-10192494.html

I am closing my account!

peachyprice

Butterfly_Brain wrote: »

The same paypal who wants to chip our brains

http://www.independent.co.uk/life-style/gadgets-and-tech/news/paypal-wants-to-replace-passwords-with-brain-implants-and-computers-you-swallow-10192494.html

I am closing my account!

You didn't read the whole article, just the headline then?

PayPal isn’t necessarily going to adopt those technologies, since Leblanc’s role is more about leading thought than actual technologies, he said. PayPal said that it has "no plans to develop injectable or edible verification systems".