Paypal Holding funds for 6 months

shaun_from_Africa

wirralite wrote: »

The risks of identity theft make is sensible to never use your real name online. I for one have have my credit card cloned before.

Does this mean that you see nothing wrong with applying online for a new bank account and giving a false name when doing so?

pmduk

wirralite wrote: »

I love rude people. you should win an award.

Where's the rudeness? You may not like the answer, but that doesn't make it rude.

pinkshoes

Suggestion:

Could you change your name via deed pole? Then you can get ID in your new name and claim your £200.

(Might cost you more than £200 in time and effort.)

Hopefully you didn't choose something like Farty McFartPants...

It did clearly say in the T&Cs that you need must not provide false information. This means that unfortunately you will need to wait the 6 months.

soolin

Just to clarify the 180 day comment. 180 days is the length of time that a buyer can raise a dispute and so PayPal, knowing they have an account opened in a false name, need to hold the funds until they are sure no one is going to raise a claim.

Usually the funds would not be held longer than a couple of weeks while identity was confirmed (this is standard) but as you cannot prove your identity is the same as the account there is nothing that can be done.

One word of warning, do not be tempted to sign up for another PayPal account until you sort out this current mess. Another account would end up being linked and will also end up, at some point, with the funds held. That also means that without a PayPal account you can no longer sell on eBay.

Faith177

wirralite wrote: »

Ok fair enough. But they have not said that they are "investigating anything". They have said that they have closed the account and will hold funds for 180 days.

I could understand if they are investigating. I could help them with their investigation by providing any documentation they require.

They do not appear to be providing that opportunity. Surely that cant be lawful?

It’s my understanding that under money laundering rules they can get in trouble for telling you that’s why you are being investigated. Which is probably why they haven’t said anything

Dean000000

wirralite wrote: »

You know what I love. I love replies with no basis. I do..

You know what I love? I love when idiots do idiot things that end up with them being financially penalised. I do

:A

shaun_from_Africa

wirralite wrote: »

I signed up to paypal.

To hide my identity online, I used a nickname. I did not see anything on the sign up page to inform me that this was wrong.

Was this a new paypal account?
If so, did you use a nickname rather than you real name in order to try to hide the fact that you had legal problems with Paypal about 10 years ago when they were trying to reclaim money from you?
https://forums.moneysavingexpert.com/discussion/comment/20101489#Comment_20101489

Dean000000

He’s gone...and has form for rants and bails. Last post from one of his threads:

“Wow. I am really bored of this now.

Thanks everyone for showing me that these forums have absolutely no value whatsoever apart from getting uninformed comments from people who don't actually know facts.”

nyermen

Faith177 wrote: »

It’s my understanding that under money laundering rules they can get in trouble for telling you that’s why you are being investigated. Which is probably why they haven’t said anything

Exactly right, they actually have a legal duty to not "tip you off to a potential investigation" I think(though in reality, being told nothing kind of hints at whats going on)

soolin

shaun_from_Africa wrote: »

Was this a new paypal account?
If so, did you use a nickname rather than you real name in order to try to hide the fact that you had legal problems with Paypal about 10 years ago when they were trying to reclaim money from you?
https://forums.moneysavingexpert.com/discussion/comment/20101489#Comment_20101489

That makes this a thread worth bookmarking. We have people on the eBay board saying 'just open a new account with a different name ' every time someone has a problem with PayPal despite the regulars warning that they will be caught out!