Paypal’s spending limit makes no sense

PayPal’s limit of $10,000 makes not sense. Over many years, I bought things with PayPal using my credit card. Now that I have spent this much, you would think this would make me a preferred customer or something like that. Quite the contrary. In PayPal’s alternate universe, somehow this makes me less trustworthy. They want me to “get verified.” This involves giving them my bank account number or signing up for one of their credit cards. Now why would I give PayPal my bank account number? They have no legitimate business reason to need it. They have always gotten their money from my credit card. And I certainly don’t need a credit card from them. The one I have is just fine thank you.

This bizarre business practice of extorting your bank account number should be illegal. Do you really trust them to keep it safe? Of course not!

Posted: April 26, 2013 at 6:02 pm


One Response to Paypal’s spending limit makes no sense

  1. Sarah says:

    I know, I know!!! What pisses me off is sometimes people only accept paypal, so I had an account for that. After $10,000 too, Paypal told me I needed to “verify” my account too by providing a bank account. Why? If I have successfully paid with no trouble with my credit card why do I need to “verify” my account. So I open a new Paypal account with a new credit card, eventually that one reaches some max amount they choose and again they want my bank account info. Sellers will say “you don’t need a paypal account to make this purchase, you can use your credit card.” But, guess what, when you attempt to use your credit card it gets declined because it is linked to an unverified Paypal account already. It makes me, the buyer, look shady. Like why can’t you make this purchase???

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