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Expanded use v/s verfication - paypal

Discussion in 'PayPal' started by Theozard, Apr 27, 2007.

  1. #1
    What's the difference? I have to withdraw 1200$ this month..how do i go about it? Which option should i choose because right now i have not done any and my limit is 500$
    Please let me know

    Thanks!
    SEMrush
     
    Theozard, Apr 27, 2007 IP
    Kulwinder likes this.
    SEMrush
  2. MeetHere

    MeetHere Prominent Member

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    #2
    Both are same...
    On verification you get enrolled in expanded use :)
     
    MeetHere, Apr 27, 2007 IP
  3. Theozard

    Theozard Active Member

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    #3
    Is there any way of getting verified without actually using credit cards?
     
    Theozard, Apr 27, 2007 IP
  4. MeetHere

    MeetHere Prominent Member

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    #4
    Yes, there are few virtual credit cards available (VCC)
    you can buy them from $0 to $20 - search the BST forum, you will find many sellers :)
     
    MeetHere, Apr 27, 2007 IP
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  5. gr8liverpoolfan

    gr8liverpoolfan Notable Member

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    #5
    Although using CC's or VCC's is a matter of personal choice, because both appear to fulfill the work they are supposed to do, I'd recommend that you get a credit card of your own and use it instead of a VCC
     
    gr8liverpoolfan, Apr 27, 2007 IP
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  6. Kulwinder

    Kulwinder Active Member

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    #6
    A Credit Card is recommended more than a Virtual Credit Card as CC can act as your legal documentation incase paypal limits your account, and if you have verified it using a VCC, then you cannot provide any documents if account is limited.

    Regards,
    Kulwinder.
     
    Kulwinder, Apr 27, 2007 IP
  7. eddy2099

    eddy2099 Peon

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    #7
    A Credit Card is issued by a proper bank which inevitably would have done all the credit checks and identity checks on you before issuing it to you. So if you use your credit card, people knows you are creditworthy.

    A Virtual Credit Card is issued by vendors who collect a few dollars from you and you get a virtual credit card number, they usually do not do any checks on you and they probably don't even care what your name, address, country, creditworthiness or anything, as long as they get the few dollars, they will get you your number. It makes it totally unverified and untrustworthy. A Virtual Credit Card is very much like a fake Passport or a fake ID, it has only one task and that is to fool Paypal in believing it is real by going through a technicality loophole.

    However, Paypal is wising up now and are doing audit checks on their suspicious customers by requesting them to submit faxed documentation of their credit card statements and other documentations. So if you ever trapped in that situation, you will lose your hard-earn money through a single lie and it is not worth it.
     
    eddy2099, Apr 27, 2007 IP
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  8. Theozard

    Theozard Active Member

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    #8
    Umm what would i do that i would loose my money?
     
    Theozard, Apr 28, 2007 IP