I usually receive money and nothing gets cut. The money only goes when i ask for a cheque but now when someone sent me 20$ , i get 18.25$ and some amount gets cut...err??
well thats ok.. but here the money was only transffered, i never withdrew anything. And how does it make a difference if i am verified or unverified?
With a verified account you have more privileges like your sending limit and withdrawing limit. I am assuming you have a personal account and your monthly sending limit is over and paypal started charging you fees. Regards
Well, did the person uses a credit card to pay you through paypal ? Never never leave a paypal account unverified. It was never meant to be. They just allow unverified account while waiting for you to get it verified, thus the limits.
Depends on your country. Sometimes, adding a credit card is enough. You may need to add a bank account too, but as I said earlier, it depends on your country...
Well, depending on where you are from. In the US, you can verified either via an existing Bank Account or if you apply for the Paypal Debit Card from what I was told. Of course if you have a credit card issued by a bank, that is the easiest way of getting verified. Can be a matter of days if your bank provides online statements. Here is one of the emails I received from Paypal
Contact me I will give you a VCC for $8 You can get your account verified through that P.S: dont forget to add a Green Rep and +iT rating
Please PM me with the exact details and how the verification would help me(since i don't know how it will) Thanks
also..to get myself verified, i can simply use my own credit card number right? Just wondering why would i not directly do this and how will i benefit from paying you 8$ and getting it done from you. Please do let me know. Thanks
Yes, Paypal verification actually requires you to use your own credit card. They will do a small charge of US$1.95 so as to register a charge. Then just copy the 4 digit expander use program code and you are verified. What this effective does is shows that you have access to the card you are using so it cannot be stolen per se. Then the reason why they require you to use your credit card is that your bank will not just issue a credit card to anyone. They would have taken the steps to verify your identity, do a credit background checks and all that. Paypal just takes advantage of that without having to make you jump through loops all over again. This also allows them to verify your billing address as a secondary point of verification. A VCC on the other hand defeats what verification system that paypal uses because anyone can get a VCC number for $8 and the VCC issuer will not care who you are or who you claim you are. You pay them and they give you the VCC. Some VCC does not even have a name or address and sometime is a one-time use. By definition, there are just too many new VCC coming out, probably too fast for Paypal to shut them off so some may just get through the loopholes. Because of the mass ability of VCC, I am beginning to doubt the strength of the verification status because if someone verifies using a VCC, it is akin as using a fake ID, which defeats the purpose of verification. Because of this, it seems that paypal is now becoming more a thief market because anyone can get a VCC and pretend to be someone they are not. That's why there are so much people complaining about disputes, theft and so on. Let us clean up the system and let's do things right.
1) Enter your cc info. 2) Call the bank and ask the operator to let you know the "digit" or you can "read" the digit on your next cc statement. 3) Verify it
But after i verify my account, the amount that is getting deducted now(for the reason i don't know). This will stop right?
Accept Credit or Debit Card Payments Choose one of the following options to accept payments: Option 1: Upgrade to a Premier account and accept payments. If you expect to receive more than 5 credit or debit card payments per year, or are building a business, we suggest upgrading to a Premier account. Premier accounts offer a low transaction rate of 3.4% plus $0.30 USD per transaction (see our rates) and exclusive Premier benefits: * Accept an unlimited number of payments and offer users more ways to pay, including credit and debit cards. * Receive our chargeback and antifraud assistance plus Seller Protection at no additional cost. * More Premier account benefits Option 2: Keep your Personal account status and accept this payment. Choose this option if you expect to receive fewer than 5 credit or debit card payments per year. A Personal account lets you accept 5 credit or debit card payments annually. You can accept 4 more credit or debit card payments before Oct. 30, 2007. To accept this payment for a low transaction rate of 5.9% plus $0.30 USD without upgrading your account, click Accept This Payment. This is what i am talking about
Verification just allows you to increase your sending and withdrawal limits, it does not allow you to receive more credit card payments if you are using a Personal account. That limit is because you are using the no-fees Personal account. Credit card transactions have fees which are levied by the bank and Paypal is not going to absorb it for you so they charge you for it in order not to be at a lost. If you do not intend to pay any fees then reject the transaction and be done with it.