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The verification process for buyers, and money receiving services is a rather straightforward debitcard existence + validity check. Note, that Paypal's risk exp

by sdrinf 15y ago

The verification process for buyers, and money receiving services is a rather straightforward debitcard existence + validity check. Note, that Paypal's risk exposure in this situation is limited, and they have literally a decade of experience knowing what these risks are. The verification process for sellers, and especially for people wanting to accept credit cards is another matter entirely. Due to the higher risk exposure for Paypal, a number of factors are taken into consideration here, such as your credit score, personal / business background, nationality, business type, and vertical-specific risk exposure. You mentioned, that you're doing business via a fake account. For as long as real (non-fraudulent) money is exchanging hands, you're mostly good from PP's risk-exposure POV. However the moment you'll start exposing your account to fraud, and your risk profile goes up, will be the second when Paypal will bail on you, with no recourse -after all, you are using a fake account, and breaking TOS. Do your own reality-check, and determine if this is an acceptable risk for you to do business via PP. You might want to also start exploring your options, to have at least one other payment provider to fall back on, as insurance. Hope this helps.

csomar 15y ago
Thanks. This is really helpful. I'm using PayPal because some clients and services only pay with it. I'm spending the money on online services and to buy stuff. Does this make me exposed to risk? Another thing, I'm using my real information. Just a fake address. I heard from a user that he did that and then when he got caught, the disabled his account and transferred his balance to his bank account. Can this be true? And what are the legal issues that can happen? I'm doing legal stuff.
- sdrinf 15y ago
  > Thanks. This is really helpful. I'm using PayPal because some clients and services only pay with it. I'm spending the money on online services and to buy stuff. Does this make me exposed to risk? Clients here are the only thing that could expose you to risk: if any of them attempts a fraud on you via PP, that will register, and can lead to account disabling, as described above. > Another thing, I'm using my real information. Just a fake address. I heard from a user that he did that and then when he got caught, the disabled his account and transferred his balance to his bank account. Can this be true? And what are the legal issues that can happen? Might be true; I'm sceptical though -there were large number of reported cases, in which no money was refunded after disabling the account. Legal-wise, while they could start a lawsuit, so far there has been no precedence of PP doing so -it simply doesn't make any cost/benefit sense. The most likely outcome is disabling your account, with no money back, and no recourse. Hope this helps.

by sdrinf 15y ago

csomar 15y ago

Thanks. This is really helpful. I'm using PayPal because some clients and services only pay with it. I'm spending the money on online services and to buy stuff. Does this make me exposed to risk? Another thing, I'm using my real information. Just a fake address. I heard from a user that he did that and then when he got caught, the disabled his account and transferred his balance to his bank account. Can this be true? And what are the legal issues that can happen? I'm doing legal stuff.

sdrinf 15y ago
> Thanks. This is really helpful. I'm using PayPal because some clients and services only pay with it. I'm spending the money on online services and to buy stuff. Does this make me exposed to risk? Clients here are the only thing that could expose you to risk: if any of them attempts a fraud on you via PP, that will register, and can lead to account disabling, as described above. > Another thing, I'm using my real information. Just a fake address. I heard from a user that he did that and then when he got caught, the disabled his account and transferred his balance to his bank account. Can this be true? And what are the legal issues that can happen? Might be true; I'm sceptical though -there were large number of reported cases, in which no money was refunded after disabling the account. Legal-wise, while they could start a lawsuit, so far there has been no precedence of PP doing so -it simply doesn't make any cost/benefit sense. The most likely outcome is disabling your account, with no money back, and no recourse. Hope this helps.