[Movember]

i want to lift the limits of my paypal account to receive money into it and withdraw money out of it. at the moment i have low limits (something like a maximum of £600 to withdraw per month and £2000 to withdraw per year and similar amounts for receiving money).

i have to go through a few steps to lift those limits. one of them is setting up a direct debit between paypal and my bank account.

my question is who else has done this? will paypal take money away from me and is this a scam? what will they do with this direct debit? i want to make sure i am not being scammed before i agree to this.

thank you for the help!

[lemonadeX]

Paypal are a very reputable company and used by millions of people, they aren't scammers. Presumably the direct debit will be a way of them gaining a degree of financial security over you, as you're asking to effectively borrow a considerable amount more money from them each month.

[murpo]

(Original post by lemonadeX)
Paypal are a very reputable company and used by millions of people, they aren't scammers. Presumably the direct debit will be a way of them gaining a degree of financial security over you, as you're asking to effectively borrow a considerable amount more money from them each month.

This guy works for paypal it seems. Paypal have scammed many people, they can just lock your account for no reason and keep all the money. It took me a few months for them to give me my account back.

Read some of this http://www.paypalsucks.com/

"They say when I signed up for Paypal I signed a standard agreement that says they can freeze the money in my account any time they want to. I strongly suspect they are earning interest on the money and, in effect, this is a scam on their part to make millions of dollars. "

[walterwhite123]

(Original post by murpo)
This guy works for paypal it seems. Paypal have scammed many people, they can just lock your account for no reason and keep all the money. It took me a few months for them to give me my account back.

Read some of this http://www.paypalsucks.com/

"They say when I signed up for Paypal I signed a standard agreement that says they can freeze the money in my account any time they want to. I strongly suspect they are earning interest on the money and, in effect, this is a scam on their part to make millions of dollars. "

Paypal are one of the biggest online merchants with millions and millions of customers. Obviously some will be unhappy, but I've used it for about 10,000 transactions and never had one problem.

[lemonadeX]

Haha, no I don't work for Paypal. But as with the guy above me, I've done thousands of transactions and never had a single problem. Stick to their terms and you won't have a problem and like I say, the DD will be for some financial security - as you would expect if you asked anyone to borrow thousands of pounds.

[Movember]

(Original post by lemonadeX)
Paypal are a very reputable company and used by millions of people, they aren't scammers. Presumably the direct debit will be a way of them gaining a degree of financial security over you, as you're asking to effectively borrow a considerable amount more money from them each month.

i am not asking to borrow any money from paypal. you have misunderstood me.

money will be going into my paypal account (receive) . my money, no one elses money. i want to then transfer (withdraw) that money to my bank account.

currently there are limits on how much you can receive and withdraw per month and per year. paypal is asking me to complete a few steps to lift those limits. one of them is setting up a direct debit with my bank.

surely someone here has been through this before?

[iPhone]

Yes get verified if you don't want limitations.

PayPal are 100% legit and used by many individuals and companies around the world.

No need to worry!