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Wednesday, July 28, 2010

PayPal

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Did you know that you can become a verified through PayPal by adding your Australian bank account to your account?

How to Get Verified 
Getting Verified is a simple process by which you add a bank account to your PayPal account, and confirm your bank account's details with PayPal. Here's how you get Verified;
 
* Click Add bank account in the Tasks column above and follow the prompts.
*After you add a bank account, PayPal deposits two small amounts into your bank account, which should appear in your account within two to three working days. Make a note of the deposit amounts in your bank statement (or via Internet banking), and then
*Click Confirm bank account in the Tasks column above and follow the prompts to enter the deposit amounts.
 
Your bank account is then confirmed and your account is Verified. You can now use your bank account to fund payments, plus your sending and withdrawal limits are lifted.

How to Get "Australian Verified"
Under the laws PayPal Australia is required to verify the identity of account holders whose transactions reach a specific level. PayPal Australia may also be required to report some transactions.

Once your PayPal account reaches a specific level you will be required to provide more information to PayPal to enable you to continue using PayPal, if the information is not provided PayPal may close your account.

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