Paypal Experience - Part I
April 15th, 2008
In order to pay via Paypal, buyers are required to sign-up for a Paypal account before they can submit the payment. In fact, the Paypal registration process is not as straight forward as it claims. Most of the time, seller will receive questions/complaints from buyer as following.
What is a Paypal Expended Number Program?
Why am I required to enter my bank details?
Why was I been charged for USD1? Is this a hidden charges from you?
First of all, it is absolutely Free for buyer to signup for Paypal account.
To prevent fraud cases, Paypal will require buyers to verify their account via the Expanded Use Program. To prove the ownership of the credit card/bank account, Paypal will charge/deposit a small amount of money to buyers’ credit card/bank that they’ve registered with Paypal. Buyers will have to check their credit card statement/bank statement to retrieve a secret code from that transaction and enter back to Paypal system for verification purpose.
As an Unverified member of PayPal, buyers’ payments are subject to a Sending Limit. By becoming Verified, buyers will be able to send unlimited funds with their PayPal account.
Paypal will refund money back to buyers’ account after they verifiy with Paypal.
You may want to take a look at our related posts
