On 21 Oct 2001, at 0:16, C. Cormier - Ormetal Inc. wrote: <SNIP> > BTW Ian, > When you opened account at Paypal, did they ask for > identifications to be faxed to them.. things like drivers' license ? > Utility Statement ? > Then did they sent the instructions to access your account by > regulat mail, or were you already set up to proceed online. > > I wonder if their procedure to open an account is too loose! <SNIP>
No, but they did confirm a bank account and credit card account and billing address by depositing tiny amounts that I had to confirm from the bank statements. It was a problem also that I could only withdraw to the confirmed Australian bank accounts and not to my Datek account in New York which would not (at least at that time) accept the (few cents) ACH deposits. One could presume that if I can confirm that I actually received the bank statement and if they can confirm the address I gave them with the bank, which has, according to banking industry practices (and usually government identification regulations), verified "100 points" of identification documents, then I am who I say I am. Regarding your concerns, maybe other countries do not have the kind of identification requirements that you hope for. Certainly Australia did not, twenty or thirty years ago. Undoubtedly many countries will not be as advanced in the 'Big Brother' stakes as the USA, Canada, UK and Australia. (But, I think most of those countries are not on the list of countries where PayPal can verify a bank account for withdrawals.) I'm not sure that requiring faxed documentation would have been much (or any) more of a guarantee of blocking fraudsters than it would have disuaded honest people who were wary of sending copies of identification documents over the Internet or who may not trust PayPal themselves with the information. At least at a bank (in Australia) they would look at the documents and then simply verify that you had sufficient documentation and were who you said you were, and hand them back. While a market maker / exchange provider wants to know confirmed identity details of a transactor because of the non-e-gold payment mechanism used to buy e-gold, the e-gold model is much better, as it does not rely on credit, and the values transacted are instantly cleared cash, e-gold (nor the recipient) does not really need to know your correct address, or to enforce anything on you for the system to work. Ian Green http://two-cents-worth.com/?107242 e-gold estas monda mono! [Esperanto] e-gold is world money! [English] --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
