Paypal Policy Update
I know that some people have had problems before with getting their account locked because of not so stellar credit. Now with these changes I'm sure that, as well as other reasons for locking, may become more common place.
Furthermore they state that some services (not sure which ones) REQUIRE positive ID so I wonder if they are going to do mass blocking starting here in a month if positive ID isn't on file?
I know that these things are for everyone's protection including the seller's. However, I know that many people have never had to provide SS# or driver's licenses and so the transition into these new rules may be a pain.
Amendment to the PayPal User Agreement
Effective Date: April 1, 2012
- Section 2.3 of the User Agreement (Identity Authentication) is being amended because we are making changes to our customer identification program as a result of changes in the law. Section 2.3 will now read:
2.3 Identity Authentication. You authorize PayPal, directly or through third parties, to make any inquiries we consider necessary to validate your identity. This may include asking you for further information, requiring you to provide your date of birth, a taxpayer identification number and other information that will allow us to reasonably identify you, requiring you to take steps to confirm ownership of your email address or financial instruments, ordering a credit report, or verifying your Information against third party databases or through other sources. We may also ask to see your driver's license or other identifying documents at any time. If you use certain PayPal Services federal law requires that PayPal verify some of your Information. PayPal reserves the right to close, suspend, or limit access to your Account and/or the PayPal Services in the event we are unable to obtain or verify this Information.
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