Retrobike Forum Index

It is currently Mon Dec 05, 2016 5:52 am

* Login   * Register * Search  * FAQ



Post new topic Reply to topic  [ 11 posts ]  Go to page 1, 2  Next
Author Message
 Post subject: Paypal - getting worried
PostPosted: Wed Nov 26, 2008 1:18 pm 
King of the Skip Monkeys
King of the Skip Monkeys
User avatar

Joined: Wed Nov 07, 2007 4:34 pm
Posts: 26154
Location: Moomin Valley
I can only use my Paypal account if I give them my bank details.

I've just had a large deposit placed in my account then removed, incurring fees. My account is now locked until I complete my bank details.

Now this worries me as I've heard about unauthorised payments being taken from accounts by Paypal for no apparrent reason.


:?


Top
 Profile  
 
PostPosted: Wed Nov 26, 2008 1:46 pm 
Lincs AEC
Lincs AEC

Joined: Fri Sep 07, 2007 8:34 pm
Posts: 12314
Location: Branston, Lincoln
legrandefromage wrote:
I can only use my Paypal account if I give them my bank details.


Had to do this with our account a couple of months back.

I believe its due to the amount of money in/out of the account, and in order for PP to comply with Anti Money Laundering Regulations, they need certain details to validate your account.

Do it, dont worry about it, but do what the wife and I do and only have £20/30 pounds ever in there :wink:


Top
 Profile  
 
 Post subject:
PostPosted: Wed Nov 26, 2008 1:57 pm 
retrobike rider / Gold Trader
retrobike rider / Gold Trader
User avatar

Joined: Sat Jan 27, 2007 10:35 pm
Posts: 8423
Location: The desolate flats of Cambridgeshire
aye, I had to do it a few years ago, also helps the tax man I think.... :evil:


Top
 Profile  
 
 Post subject:
PostPosted: Wed Nov 26, 2008 6:46 pm 
Retro Guru
User avatar

Joined: Tue Sep 11, 2007 12:54 am
Posts: 1198
Location: USA
Us Americanskies have to get our accounts "Verified" to do large transactions, especially since Europeen purchases involve truckloads of hard earned dollars.

Has been no problem for me.


Top
 Profile  
 
 Post subject:
PostPosted: Wed Nov 26, 2008 6:54 pm 
Gold Trader
Gold Trader

Joined: Wed Dec 21, 2005 8:22 pm
Posts: 1811
Location: St Ives,Cambridgeshire
Just had that myself. all about money laundering, ain't it always these days
Even had to pay all my old copper that I keep for the kid into an account rather than get cash. Can just see drug barons processing their profits in 1p and 2p coins

One other thing, don't change your primary currency, was the cause of a two week lock out for me and many others recently.


Top
 Profile  
 
 Post subject:
PostPosted: Wed Nov 26, 2008 7:14 pm 
King of the Skip Monkeys
King of the Skip Monkeys
User avatar

Joined: Wed Nov 07, 2007 4:34 pm
Posts: 26154
Location: Moomin Valley
well Paypal have found in favour of some git who lied about not recieving a parcel. I now owe paypal even though the full amount was withheld during the dipute.

Nuts to 'em.


Top
 Profile  
 
 Post subject:
PostPosted: Wed Nov 26, 2008 10:50 pm 
South West Deputy AEC
South West Deputy AEC
User avatar

Joined: Mon Mar 27, 2006 9:16 pm
Posts: 1840
Location: Wilts
I've had no probs for 4 years now, until yesterday, had a email saying that a transaction had been returned by my bank, which was odd as there is shed loads of cash in there :roll:
Also i haven't used it for a few months.

Checked my paypal account and sure enough in history there's no activity.
So i've had to re- add my bank details.....Bloody idiots :roll:


Top
 Profile  
 
PostPosted: Wed Nov 26, 2008 10:54 pm 
Retro Guru
Retro Guru
User avatar

Joined: Sat Jan 19, 2008 11:16 pm
Posts: 3711
Location: #2058
Pickle wrote:
legrandefromage wrote:
I can only use my Paypal account if I give them my bank details.


Had to do this with our account a couple of months back.

I believe its due to the amount of money in/out of the account, and in order for PP to comply with Anti Money Laundering Regulations, they need certain details to validate your account.


Same here, did it, no probs.


Top
 Profile  
 
 Post subject:
PostPosted: Fri Nov 28, 2008 10:02 am 
Gold Trader / MacRetro rider
Gold Trader / MacRetro rider
User avatar

Joined: Sun May 25, 2008 11:03 am
Posts: 18207
Location: Sunny Glasgow
I only send recorded ,i mean its 70p extra for gawds sake ,and it prevents this happening
The only time its happened to me was for a minidisc player some guy bought for the opening bid of 99p + £7 postage
it was the only [out of 80 parcels sent]that i didnt use recorded on
The guy claimed it never arrived
Sorry ,but i didnt believe him but without proof i had no choice but to refund


Top
 Profile  
 
 Post subject:
PostPosted: Fri Nov 28, 2008 8:27 pm 
Old School Hero

Joined: Thu Nov 27, 2008 10:03 pm
Posts: 196
paypal took £750 from me because 2x buyers complained about their laptops. One took his apart and couldn't get it to work afterwards the other decided he preferred a brand new on instead after using mine for 3 weeks.
I lost the £750.00 one didn't return the laptop and the other buyer returned a ruined laptop in bits.

Since then paypal have frozen my account and demanded a further £150 they have frozen my g'friends and Father's paypal accounts although they have different addresses and are nothing to do with my ebay transactions.

Paypal are lying cheating thieves. Always use recorded delivery, always note serial numbers or mark items with ultra violet pen and never accept it for purchases over £50 or what ever you can afford to lose.

Once they have your credit card details its impossible to stop paypal removing any amount of money they choose from your bank account. Even your bank cannot stop the card transactions. Read the small print :roll:


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 11 posts ]  Go to page 1, 2  Next

All times are UTC [ DST ]


Who is online

Users browsing this forum: Bing [Bot], FairfaxPat and 26 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  

About Us

Follow Retrobike

Other cool stuff

All content © 2005-2015 Retrobike unless otherwise stated.
Cookies Policy.
bikedeals - the best bike deals in one place
FatCOGS - Fat Chance Owner's Group

Powered by phpBB® Forum Software © phpBB Group