Auctionbytes-NewsFlash, Number 1401 - November 01, 2006 - ISSN 1539-5065      Previous Story | | Next Story

By Ina Steiner
AuctionBytes.com
November 01, 2006

PayPal is offering members additional ways to get verified. PayPal verification eliminates sending limits. Historically, members who wanted to be verified had to add a bank account, and then confirm that bank account through a random deposit process that took 2-3 business days.

Beginning this month, if sellers' applications for the PayPal Plus credit card are approved, their accounts will automatically be verified on PayPal. According to eBay's announcement, this option is faster and eliminates the bank account requirement, which had been a barrier for some members.

In addition, members who have online access to their banking institution, may share their bank login and password with PayPal via the Get Verified page. With this option, PayPal can automatically authenticate a seller's access with the banking site, taking only a few moments to confirm the bank account.

PayPal, who is frequently spoofed by scammers in scam phishing emails, reminded readers of the announcement that it does not store user login details for future use, and it never asks users for this information in an email

http://www2.ebay.com/aw/core/200610300935142.html

https://www.paypal.com/us/cgi-bin/webscr?cmd=p/gen/verification-faq-outside