Haven't been on ebay in a while... Need some assistance on Selling

[jamvanunlimited]

So like the title says, I haven't sold anything on ebay in a year or so.  Used to be a big seller back in the day, but my life has gotten busy so I don't really mess with it anymore.  Was wanting to list a few things I have around the house, nothing serious, probably less then $200 worth.  I have a paypal account still, but I never have given my social security (even though they have asked for it in the past) on it nor do I ever want to.  But now I am seeing that you cannot use your balance to pay for ebay shipping payments (or buy anything) unless you supply a social security, is that what I reading right?  And if you buy something, you cant get your refund back unless you provide it.  Is this correct?

Can someone shed some light on this please and any other ebay/paypal information I am missing?

Thanks

[hammondstreasurehunts_4u]

RUN>>>>> IM TELLING YOU< RUN

[extrememobility]

why not have a garage or yard sale ,maybe even CL first? at least yo don`t have to worry about returns /seller fee`s/ and shipping stuff.

[vlf7777]

Interesting...  The reason I asked about the PayPal balance is the e-mail I received states in the heading, "Action required: Confirm your info to keep a PayPal Balance".

I was just wondering what would happen if I did not confirm my info.?  What would happen to my balance?

[berserkerplanet]

That is the scenario I said is unclear - the way they worded the emails and help pages, and the fact that they didn't explicitly cover the possibility that someone with a personal account would refuse to verify makes it difficult to determine.

My read on it is that if you have a personal account, and are not verified, any funds coming in would go into your current PayPal account balance, but you can't touch it. You can't spend it or pay for anything like eBay labels with it. It will just sit there until you manually transfer to a linked bank account.

Call PayPal and find out. I didn't ask about that specifically when I called to get manually verified because I need/want ny PayPal account to continue working the way it does now with my funds being spendable.

[penguins_dont_fly]

Good morning, all.

I just wanted to chime in here on the end.

If you are interested in the reason for the change, here is a link to the CFPB (Consumer Financial Protection Bureau) page that details the ruling:

https://www.consumerfinance.gov/prepaid-rule/

The ruling does not just affect PP, but all pre-paid accounts.

[mam98031]

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@vlf7777 wrote:

Interesting...  The reason I asked about the PayPal balance is the e-mail I received states in the heading, "Action required: Confirm your info to keep a PayPal Balance".

I was just wondering what would happen if I did not confirm my info.?  What would happen to my balance?

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My guess is that they would hold it until you did.  But why not just verify your information.  What is the issue with doing that?

[jamvanunlimited]

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@mam98031 wrote:

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@vlf7777 wrote:

Interesting...  The reason I asked about the PayPal balance is the e-mail I received states in the heading, "Action required: Confirm your info to keep a PayPal Balance".

I was just wondering what would happen if I did not confirm my info.?  What would happen to my balance?

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My guess is that they would hold it until you did.  But why not just verify your information.  What is the issue with doing that?

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Because some people don't feel comfortable with giving their social security number to paypal.  They are not a bank or a financial institution.  They are basically a money transfer service not regulated the same way as banks and credit unions.

[penguins_dont_fly]

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@jamvanunlimited wrote:

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@mam98031 wrote:

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@vlf7777 wrote:

Interesting...  The reason I asked about the PayPal balance is the e-mail I received states in the heading, "Action required: Confirm your info to keep a PayPal Balance".

I was just wondering what would happen if I did not confirm my info.?  What would happen to my balance?

---

My guess is that they would hold it until you did.  But why not just verify your information.  What is the issue with doing that?

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Because some people don't feel comfortable with giving their social security number to paypal.  They are not a bank or a financial institution.  They are basically a money transfer service not regulated the same way as banks and credit unions.

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But ... that's what this is about. There has been a change in consumer protection for "pre paid" accounts and cards.

PayPal is requiring your information to comply with the new Federal regulations.

https://www.consumerfinance.gov/prepaid-rule/

[mam98031]

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@jamvanunlimited wrote:

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@mam98031 wrote:

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@vlf7777 wrote:

Interesting...  The reason I asked about the PayPal balance is the e-mail I received states in the heading, "Action required: Confirm your info to keep a PayPal Balance".

I was just wondering what would happen if I did not confirm my info.?  What would happen to my balance?

---

My guess is that they would hold it until you did.  But why not just verify your information.  What is the issue with doing that?

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Because some people don't feel comfortable with giving their social security number to paypal.  They are not a bank or a financial institution.  They are basically a money transfer service not regulated the same way as banks and credit unions.

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And that is their choice to make.  But if they don't, they can't offer PP as a payment option if they are going to sell on the internet or elsewhere.  PP just doesn't have a choice.  They have to abide by the IRS rules.  But you do have a choice.  You don't have to provide them with your SSN and in turn you can't use or offer PP as a payment option on anything you sell anywhere.  It isn't more complicated than that.