Ebay's and Paypal's verification system is a bloody joke
Hi Cupie,
Without reading the news, I don't know what exactly is happening.
My reply is based on my understanding and personal experience on paypal's verification system. I hope you don't see me as always opposing your opinion.
Few things I don't understand here:
1. A bit of history here. We (Malaysian) started have access to Paypal in late 2003. I was working in Indonesia then. Registered an account and added my credit card, and make few purchases (paypal limit is USD 100) Not long after that, paypal send me an email telling me they have limit the access to my credit card, and asked that I prove that I am the holder by fax them a copy of any bills addressed to the name and address as in the credit card. They don't accept email copy. So I can't access to my paypal until my return to Malaysia.
2. Each credit card has a sending limit of USD 100. To lift the limit, account holder has to allow paypal to charge $1.95 USD Expanded Use Fee to their credit card. Then in the credit card statement, there will be a 4-digit Expanded Number next to the $1.95 USD PayPal Expanded Use Fee (example, PayPal 1234*(EXPUSE)). The limit is lifted when the account holder enter the 4 digit number and the USD $1.95 will be refunded.
Now this is interesting.
1. I have to steal the credit card and know the card holder's billing address.
2. I have to have access to the next credit card statement after I added the card.
3. I have to do this before the card holder notice the card was stolen, and cancel the card.
But if I have all the information, I can do anything and not necessary limit to paypal.
This is my understanding and I could be wrong.
Regards,
Low