PayPal Questions
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Hi all,
as above, I have some questions regarding PayPal.
I have created an account but did not verify it with a bank account (no Visa or Master). What's the limit of sending or receiving funds?
I can't top up my own account but I'm allowed to buy funds from other people right?
Thanks.
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allowed... but be warned that paypal tends to freeze your account when "suspicious" activity happens. then you have to verify your details by sending proof of address, name, registration with government authorities etc...
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LOLS. So troublesome? Means if verified then don't have all these trouble?
Actually I don't really purchase things online. So after this current purchase then I heck care the account already.
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ya it's kinda troublesome..even for a one-time purchase.. coz to put in money u haf to print d form n bring it to d bank..alternatively can use credit/debit card.. but after u put ur debit/credit card details, u gotta come back in ard 4 days' time to put in d verification code as if d 3-digit behind the card is not enuff..
conclusion, its juz damn troublesome laa.. -
Originally posted by fifteen:
LOLS. So troublesome? Means if verified then don't have all these trouble?
Actually I don't really purchase things online. So after this current purchase then I heck care the account already.
yea sorta... after the transaction is done then they'll freeze your account for "suspicious acitivity", wankers. -
Huh? Which means after I receive fund or send out funds? What kind of cards can I use other than visa or masters? POSB-Masters debit card?
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Originally posted by fifteen:
Huh? Which means after I receive fund or send out funds? What kind of cards can I use other than visa or masters? POSB-Masters debit card?
POSB masters debit card is a master card...
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But you sure can use for PayPal?
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Originally posted by fifteen:
But you sure can use for PayPal?
yes, the orange colour debit master card. but not your POSB blue colour GO card. that one u cant use for online.
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The orange colour one is the POSB MasterCard Debit right? From DBS website below:
http://www.dbs.com/posb/cards/mastercarddebit/Pages/default.aspx
Hmm, then how's the security like? If my PayPal account got hacked means people can purchase anything with the money available in my bank?
Or must I go to the bank to transfer $ to my PayPal then can use the $?
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Originally posted by fifteen:
The orange colour one is the POSB MasterCard Debit right? From DBS website below:
http://www.dbs.com/posb/cards/mastercarddebit/Pages/default.aspx
Hmm, then how's the security like? If my PayPal account got hacked means people can purchase anything with the money available in my bank?
Or must I go to the bank to transfer $ to my PayPal then can use the $?
it is link to your card liao. no need bank transfer money to paypal.
as for the security part, if ppl hack ur account, they can buy anything with whatever money you have in your bank. that is the drawback for using debit card. but so far i think the security is quite good.
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LOLS. Hmm, what's the security like?
Can I create another savings account using my own name so I can create a POSB Debit Mastercard and put some money in the account only when I want to purchase stuff using PayPal?
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Originally posted by fifteen:
LOLS. Hmm, what's the security like?
Can I create another savings account using my own name so I can create a POSB Debit Mastercard and put some money in the account only when I want to purchase stuff using PayPal?
ya. u can. can use other bank also. no need be saving account. a current account will do fine. then when u need buy something, then go to the bank put in some money lor.
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Originally posted by LipGloSs:
ya it's kinda troublesome..even for a one-time purchase.. coz to put in money u haf to print d form n bring it to d bank..alternatively can use credit/debit card.. but after u put ur debit/credit card details, u gotta come back in ard 4 days' time to put in d verification code as if d 3-digit behind the card is not enuff..
conclusion, its juz damn troublesome laa..
It took so long? I just key in, charged, then I call customer service to get the number and verify my paypal account... -
i'm using the orange POSB MasterCard Debit with paypal.
made over 30 transactions over the past few years and no problem.
you should verify your PayPal account so that you've unlimited sending/receiving possibilties.
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Originally posted by Nikar 3:
i'm using the orange POSB MasterCard Debit with paypal.
made over 30 transactions over the past few years and no problem.
you should verify your PayPal account so that you've unlimited sending/receiving possibilties.
But I'm only worried about the security. As above, someone mentioned that if my PayPal got hacked, people can just use the money in my bank to purchase anything right?
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yes, but in the 1st place, how will anyone hack your PayPal account?!
as long as you don't use PayPal on others' computers (office, internet cafes etc.), and as long as you make sure your PC is clean, no way your account can be hacked.
also, it's better to tie the account to a debit card and not credit card.
with debit card, the only limit is the $ in your bank account. if you only have $3000, then at most $3000 gone.
with credit card, the hacker (if any) can spend US$6 million and you'll be paying for him.
if he spends $50 million, good luck.
also, i remember that when you apply your debit card, you can specify on the form how much money you want to limit spending on the card each transaction.
paypal overall is very safe, don't worry.
the number of people using paypal is more than the current population in singapore.
as for account "freezing" and other suspicious transactions and the "form printing" crap mentioned by above guys, it's all crap and doesn't happen.
nobody wants and will freeze your account unless you're sending money to some obviously suspicious place in the middle east and the company is Al-Qaeda and the recipient is Osama Bin Laden. now, who will do that??!!
the verification is for security and purposes only.
like if you sell stuff and people see you're a PayPal Verified Member, of course it assures them. And after getting verified status (which is easy as hell), you can do any number of transactions per day.
for your case, since you wanna make only 1 purchase, then no need for verification.
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Hmm, so I can actually limit the amount of money allowed to be spent per day?
For example for now I set to $50/day limit. Then when I need to pay for something which is $100+, I can go to the bank and fill up another form right?
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not too sure about that, but yes, you can set the debit card spending limit by informing the bank.
actually, though, it's very troublesome to do that. PayPal is very safe, trust me.
i've subscribed to years of porn, bought stuff from US websites etc. using PayPal and nothing happened. PayPal has one of the most secure servers in the entire world.
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Originally posted by Nikar 3:
not too sure about that, but yes, you can set the debit card spending limit by informing the bank.
actually, though, it's very troublesome to do that. PayPal is very safe, trust me.
i've subscribed to years of porn, bought stuff from US websites etc. using PayPal and nothing happened. PayPal has one of the most secure servers in the entire world.
LOLS. Ok. It will take a few days for the card to be done right?
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Originally posted by Nikar 3:
not too sure about that, but yes, you can set the debit card spending limit by informing the bank.
actually, though, it's very troublesome to do that. PayPal is very safe, trust me.
i've subscribed to years of porn, bought stuff from US websites etc. using PayPal and nothing happened. PayPal has one of the most secure servers in the entire world.
u really deserve a mega mac...
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lol, yeah, takes a few days for the debit card to be done.
after that, well, the only limit is your money. :-)
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I just went to apply for it. The person told me 2 weeks...
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you apply POSB MasterDebit card is it?
2 weeks 2 weeks loh....the starting process is always like that mah. :-)
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Yes. Ha ha. Can't wait. Oh by the way, are you allowed to change your signature at the bank?