There is a lot to this actually. For all of the details I would suggest reading the PayPal site. But the quick answer is that there are many nice computer programs that will generate a valid credit card number and expiry date. they do not yet generate the 3 digit "security" code on the back though. I have personally experienced this little feat of computer science in an unpleasant way, it is real. Now PayPal is also aware of this and to protect the receiver of funds and themselves they want to "verify" who you are and not just who you say you are. Thus the link to a bank account. If this bothers you then open a savings account with a minimum balance and use that. If you go to the bank today to open an account at a bank where you have no other account be sure to bring a lot of proof of who you are. The banking laws are quite strict on opening checking and savings accounts. A loan is a different ball game , along with a credit card.
On Wed, 14 Feb 2007 11:50:40 -0800, Mike Stitt wrote: >I'm not an "eBay collector" but from time to time I'll use eBay for a >part or odd item. When I first signed up for Paypal I gave them my CC >number and they put some limit on what I could charge. O.K fine. It has >been dropping (the amount) every time I use Paypal. Well it seems they >want my checking account number so I can be verified????? I don't think >so. CC number should be good enough. I am not willing to give out more >and more personal information. Identity thief is out of hand already. >Please enlighten me. >Mike >_______________________________________________ >Phono-L mailing list >http://phono-l.oldcrank.org
