[modeleng] Re: Paypal revisited

Clif,
The limit is now £500.

I wouldn't mind if it was £500 a year, say, but it is a total of £500 from 
the whole time you have been registered with them. For me, that is nearly 
£500 over three years.

Money laundering?  Sheesh, they have no idea. I have read the money 
laundering regs, and whilst I don't profess to be fully conversant with 
them, I cannot imagine how this fits in.
I reckon they are using it as an excuse to push people onto DD, which saves 
them money.

As I don't have a bank account that is suitable, I regret they will have to 
do without my custom. If hat means I use Ebay less, then so be it.
Of course, if everyone did the same, I am sure they might reconsider, but 
few people will bother. We are too accustomed  to accepting what we are told 
to do by all and sundry.

Alan
(Rant mode off.)!
---- Original Message ----- 
From: "Clif Walker" <clif.gwr@xxxxxxxxxxxxxx>
To: <modeleng@xxxxxxxxxxxxx>
Sent: Tuesday, December 28, 2004 3:09 PM
Subject: [modeleng] Re: Paypal revisited


Hi Alan,

Paypal have a system which to comply with British Banking Rules, is supposed
to stop money laundering by limiting how much you can pass through your
account in a given period.
I think that it is about £1100.If you have reached your limit this will
explain why they have pegged you.
What you have to do is become verified.
This means that you have to give them your bank details and they then to
prove that it is genuine transfer about 12p into it.
Once they have transfered the money in, you then contact them on a special
site which asks you how much was paid into your account.As you are the only
person who knows this,when you fill in the details, this Verifies that you
are genuine and Paypal then becomes unlimited.

I am on Paypal but just to be on the safe side I run a special Bank Account
for it which never has much money in it,so that if some smart alec thinks he
is going to clean it out he wont get much.

Regards

Clif



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