A Victim of my own Success :(

[sydney-diecast-kingdom]

Normally I have only a few hundred dollars at most in my PayPal account. Every time it starts to build up I see something I need (err... want) and the amount drops back down again.

Recently I have bought very little but sold quite a bit and as a result for the first time my PayPal balance exceded $1,000.

I then received a (legitimate) notification from PayPal informing me that I needed to upgrade my information. Until such time as I did I would be restricted on PayPal to only adding or receiving money but couldn't pay for anything until this process was complete.

After being on hold for 6 years I finally got through to PayPal and found I needed to email them photo ID to continue using them. The American operator explained that once you reach the $1,000 mark this triggers this advanced information upgrade. Unfortunately this takes 3-5 business days to be approved and cleared.

Meanwhile back at the ranch....

eBay tried to take their monthly payment from PayPal and couldn't because PayPal has temporarily suspended outgoing payments.

Now I have received notification from eBay saying that because I no longer have a legitimate PayPal set-up they have removed the PayPal logo from all 200 plus listings. Only problem is every listing I have says PayPal only. 😞 

I tried to end all 200+ listings until this is resolved but they can only be ended individually. Arrrgh! 😄

I think I might have to activate one of those SELLER IS AWAY thingies.

Very frustrating. 

[antiquesdesignonline]

it seems to me that the all poerful PAYPAL system is at fault. They pretend to be a bank but dont do enough system checks and identity proof checks before opening your accoun tin the first place. Unfortuantely they also have their claws in every account you allow them access to...and dont even have to ask your permission or authority to take money out of. Abanking ombudsman should investigate them thoroughly and make them liable for losses to individuals...just like a bank.

[lyndal1838]

Paypal is not a bank and they do not pretend to be...they are a money transfer system.

They only require proof of identity after $10,000 had gone through the account and it is from both buyers and sellers.  This is to comply with Australian money laundering laws because you have to have already proved your identity to the Australian bank that is attached to your paypal account.