Subject:
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More PayPal questions
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Newsgroups:
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lugnet.market.shopping
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Date:
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Fri, 26 Jan 2001 23:30:29 GMT
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Viewed:
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277 times
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Hi,
I just activated my PayPal account.
It appears to have a limit of $250. In order to raise this limit, they want
me to provide my bank account information. Obviously, I'm hesitant to do
that since they could freely withdraw all my money.
Is there some other way to raise the (apparently cumulative) limit? If I
send them a check, will they add that?
I've thought about opening a token bank acount so they can "validate" me
without taking risk, but this sounds like a big hassle.
Any help on this issue?
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Message has 2 Replies:
 | | Re: More PayPal questions
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| PayPal cannot freely withdrawal money from your bank account. All electronic transfers have to be authorized, and the only one who authorizes the transaction is you. They merely setup the electronic connection to do so. I understand you may be (...) (23 years ago, 27-Jan-01, to lugnet.market.shopping)
| | | Re: More PayPal questions
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| (...) Sending a check would provide them with all the necessary bank account info. If you're willing to do that save yourself the hassle and just provide the info now. Besides, IIRC you'll never be able to use the Paypal funds in the real world (...) (23 years ago, 27-Jan-01, to lugnet.market.shopping)
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