Friday 22 June 2012

"Account Status in PayPal" by Dipen

Account Status
        Your PayPal account has a status associated with it, and depending on the status of your account, you are or aren’t able to perform certain actions. The various PayPal account statuses are described in the sections that follow.



Verified
        A PayPal account is Verified when the owner has validated the primary email address and confirmed a bank account associated with the account. An account can also become Verified if PayPal confirms the owner’s identity in some other way. Essentially, being Verified means PayPal knows that you are who you say you are. When your account becomes Verified, PayPal offers you a Verified seal that you can place on your website. When users click the seal, they are taken to a page on the PayPal site that confirms that you own a Verified account. Having this seal on your website is a positive sign to potential buyers that you have passed PayPal’s verification standards.



Confirmed
        A PayPal address is Confirmed when the owner has validated the account’s mailing address. If you sell goods online and accept payment through your PayPal account, it is recommended that you only ship to a buyer’s Confirmed address. This is not a requirement to be covered under PayPal’s Seller Protection Policy (SPP), however. Since some PayPal users are unable to confirm their address, the requirement to be covered under the SPP is that you ship to the address on the Transaction Details page, regardless of whether or not that address is confirmed.
        You can have multiple addresses attached to a PayPal account, each of which can become Confirmed.



Limited
       PayPal regularly screens all accounts to look for unusual activity. Examples of unusual activity are sudden changes in transaction volume, potential violations of the User Agreement, or the use of incorrect bank routing information. If your account becomes Limited, notification is sent to your account’s primary email address, and the next time you log in to your PayPal account, you will receive instructions on how to lift the Limited status from your account.
      This usually involves faxing over some official documentation that proves that everything that’s been going on with your account is OK. When your account is Limited, you do not have access to certain functionality, such as the ability to send and receive funds.

Closed
        Closing your PayPal account means you can’t use it ever again. There is no way to reopen a PayPal account once it’s been closed, and there is no real benefit to closing a PayPal account.
So make sure you really want to close your account before doing so!

No comments:

Post a Comment