Paypal verification query

Sold a load of stuff on fleabay this month. Anyway, apparently I have hit my withdrawal limit and need to get verified to have it increased. However when I go to set this up its asking me to complete a Direct Debit agreement. If they are depositing two small amounts then why do I need a DD agreement? Have I missed something?

The Direct Debit stops on file mate so that you can send/receive payments to/from your bank/pay Paypal fees etc etc

^^^

This then allows them to legally empty your bank account without your consent should there be a paypal dispute and they decide to screw you over in favour of the buyer, and you havent left a large enough balance in your paypal account for them to do so

Ah right. Ta

Might just get gf to set one up. Less hassle. Its very rare that I actually use PP this much

IB, you can set up the DD, wait for the amounts of money to be sent so that you verify the account and them just cancel the DD, it should be easy to do if you have online banking.

Oh yeah I could do that actually. Only problem is Ive got £300 in there and I want it in the next few days ideally. Im told the verification can take a while

from memory 4-5 working days or less for the small deposits to be sent from paypal.

As soon as you verify you can withdraw your money from the pp account, it then generally takes 4-5 days for the funds to land in your bank account.
Paypal clearly use the slow lane of the electronic ether...

medusa_


from memory 4-5 working days or less for the small deposits to be sent from paypal.

As soon as you verify you can withdraw your money from the pp account, it then generally takes 4-5 days for the funds to land in your bank account.
Paypal clearly use the slow lane of the electronic ether...

Also known as the 'hold onto it for a while longer for more interest' lane....

tac

Also known as the 'hold onto it for a while longer for more interest' lane....

my goodness..the very idea...how can you be so cynical

If in doubt about emptying your accounts then just open up a cash account with your existing bank. I'm with Lloyds and it's easy to be be able to transfer money back and forth instantly leaving nothing in your paypal account or your cash account. That way at least you have some flexibility and protection

essex_chris


If in doubt about emptying your accounts then just open up a cash account with your existing bank. I'm with Lloyds and it's easy to be be able to transfer money back and forth instantly leaving nothing in your paypal account or your cash account. That way at least you have some flexibility and protection

thats a good idea...

Gift me £300 through paypal and I'll bank transfer £300 back to you

Desmo


Gift me £300 through paypal and I'll bank transfer £300 back to you

You serious? Would be a great help.

Don't  have all the funds yet. Waiting on a couple of people to leave me positive feedback but that should be done tomorrow though

I guess I could. Would double check with Welshy first as it's her money as well so only fair

If you gift it then there are not fee's and no way to dispute it for you to pull it back. So basically as long as you trust me to bank transfer it back to you I'm happy. I'm with Natwest who use the fast payment method or whatever it's called but I can't make any guarantee's on time apart from I'll do the transfer online straight away

Ooh risky move - playing with Welshys money.

Desmo you are a brave fella.

When she kills you can i have your iPhone?

It's not her money.....it's our money

Go for it.. i'd only spend it on clothes or hair stuffs

Well You can rest assured I will spend it wisely!

All sorted, dropped you a PM

What % of this transaction goes into MT coffers - or will James be collecting in a personal favour at some point ala BrickTop