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Topic: PayPal  (Read 2176 times)

calendria

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Re: PayPal
« Reply #30 on: April 16, 2019, 04:30:46 pm »
 :cat:

 :rainbow:

Found this on PayPal maybe it will clear up some questions:


Cash Plus.
 
Customers who dont have a balance account will still be able to use their personal PayPal account to: 

Send money to someone or spend online using linked banks and cards

Receive money and transfer it to a linked debit card or bank

Split a bill or send money cross-border using linked banks and cards

Sign up for and use PayPal Credit

Set up a Money Pool
With a PayPal Cash account, you will be able to do everything a personal PayPal account can do, and:
 Send money using balance and Hold a balance


To use balance features, consumers with a personal PayPal account will have to set up a balance account, which will have the same login and password as their personal PayPal account. You will be able to get a balance account in several ways. For example, if someone sends you money and you dont yet have a balance account, youll see an Accept the Money button. Once you click on it, youll see two options: Transfer it to your bank and Keep it in PayPal. Click Keep it in PayPal and follow the steps to get set up with PayPal Cash. This includes viewing the disclosures, user agreement and confirming your identity with us.




elvisdo

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Re: PayPal
« Reply #31 on: April 16, 2019, 08:45:30 pm »
Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

countrygirl12

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Re: PayPal
« Reply #32 on: April 17, 2019, 05:58:50 am »
Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

Not really.  Here is my question. Right now I like many of us get paid from more than one site like this one in to PayPal.  I have let money sit in PayPal until I build up a little bit of a balance instead of say for instance a few days ago I was paid $14.67 on another site.  I was letting the money sit in PayPal and had intended to let it sit there until I am paid from this site which will be $30 plus and then transfer it all to my bank account.

From what I understand that will no longer be possible.  You cannot just let money sit in your regular PayPal account.  You need one of these other accounts.  I don't really want to have yet another account.  So when someone sends me money like FC I will now have to "accept the payment" and it auto transfers on to my bank account?

Then I wonder how long do you have to accept a payment because like with FC we do not always know when it is coming.  I guess we will have to wait and see how it all works.

I am understanding better now than I did.  At least I am not the only one confused by the terminology. lol

The one thing I read and I think somebody posted it here too seemed to make me think the "Balance and Hold" account would automatically be set up for you if you do not close your PayPal account so basically nothing is going to change?

I just think these places could do a better job and writing things so people understand what it means. But the legal terms cover them.

calendria

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Re: PayPal
« Reply #33 on: April 17, 2019, 01:44:42 pm »
 Send money using balance and Hold a balance

Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

Not really.  Here is my question. Right now I like many of us get paid from more than one site like this one in to PayPal.  I have let money sit in PayPal until I build up a little bit of a balance instead of say for instance a few days ago I was paid $14.67 on another site.  I was letting the money sit in PayPal and had intended to let it sit there until I am paid from this site which will be $30 plus and then transfer it all to my bank account.

From what I understand that will no longer be possible.  You cannot just let money sit in your regular PayPal account.  You need one of these other accounts.  I don't really want to have yet another account.  So when someone sends me money like FC I will now have to "accept the payment" and it auto transfers on to my bank account?

Then I wonder how long do you have to accept a payment because like with FC we do not always know when it is coming.  I guess we will have to wait and see how it all works.

I am understanding better now than I did.  At least I am not the only one confused by the terminology. lol

The one thing I read and I think somebody posted it here too seemed to make me think the "Balance and Hold" account would automatically be set up for you if you do not close your PayPal account so basically nothing is going to change?

I just think these places could do a better job and writing things so people understand what it means. But the legal terms cover them.
Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

Not really.  Here is my question. Right now I like many of us get paid from more than one site like this one in to PayPal.  I have let money sit in PayPal until I build up a little bit of a balance instead of say for instance a few days ago I was paid $14.67 on another site.  I was letting the money sit in PayPal and had intended to let it sit there until I am paid from this site which will be $30 plus and then transfer it all to my bank account.

From what I understand that will no longer be possible.  You cannot just let money sit in your regular PayPal account.  You need one of these other accounts.  I don't really want to have yet another account.  So when someone sends me money like FC I will now have to "accept the payment" and it auto transfers on to my bank account?

Then I wonder how long do you have to accept a payment because like with FC we do not always know when it is coming.  I guess we will have to wait and see how it all works.

I am understanding better now than I did.  At least I am not the only one confused by the terminology. lol

The one thing I read and I think somebody posted it here too seemed to make me think the "Balance and Hold" account would automatically be set up for you if you do not close your PayPal account so basically nothing is going to change?

I just think these places could do a better job and writing things so people understand what it means. But the legal terms cover them.



This says you CAN hold a balance!!  Read my post below:

 "Send money using balance and Hold a balance"


countrygirl12

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Re: PayPal
« Reply #34 on: April 17, 2019, 03:11:13 pm »
Send money using balance and Hold a balance

Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

Not really.  Here is my question. Right now I like many of us get paid from more than one site like this one in to PayPal.  I have let money sit in PayPal until I build up a little bit of a balance instead of say for instance a few days ago I was paid $14.67 on another site.  I was letting the money sit in PayPal and had intended to let it sit there until I am paid from this site which will be $30 plus and then transfer it all to my bank account.

From what I understand that will no longer be possible.  You cannot just let money sit in your regular PayPal account.  You need one of these other accounts.  I don't really want to have yet another account.  So when someone sends me money like FC I will now have to "accept the payment" and it auto transfers on to my bank account?

Then I wonder how long do you have to accept a payment because like with FC we do not always know when it is coming.  I guess we will have to wait and see how it all works.

I am understanding better now than I did.  At least I am not the only one confused by the terminology. lol

The one thing I read and I think somebody posted it here too seemed to make me think the "Balance and Hold" account would automatically be set up for you if you do not close your PayPal account so basically nothing is going to change?

I just think these places could do a better job and writing things so people understand what it means. But the legal terms cover them.
Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

Not really.  Here is my question. Right now I like many of us get paid from more than one site like this one in to PayPal.  I have let money sit in PayPal until I build up a little bit of a balance instead of say for instance a few days ago I was paid $14.67 on another site.  I was letting the money sit in PayPal and had intended to let it sit there until I am paid from this site which will be $30 plus and then transfer it all to my bank account.

From what I understand that will no longer be possible.  You cannot just let money sit in your regular PayPal account.  You need one of these other accounts.  I don't really want to have yet another account.  So when someone sends me money like FC I will now have to "accept the payment" and it auto transfers on to my bank account?

Then I wonder how long do you have to accept a payment because like with FC we do not always know when it is coming.  I guess we will have to wait and see how it all works.

I am understanding better now than I did.  At least I am not the only one confused by the terminology. lol

The one thing I read and I think somebody posted it here too seemed to make me think the "Balance and Hold" account would automatically be set up for you if you do not close your PayPal account so basically nothing is going to change?

I just think these places could do a better job and writing things so people understand what it means. But the legal terms cover them.



This says you CAN hold a balance!!  Read my post below:

 "Send money using balance and Hold a balance"



But you have to have a 'balance and hold' account.  SMH.  That is the issue. Most people are not understanding exactly what this means.  I guess we will have to wait and see.  One person said the other day she had to "accept" the money and then it immediately went to her bank account.  That is what one PP Agent told me.  But with 3 saying totally different things who knows.


squirrelgirl44

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Re: PayPal
« Reply #35 on: April 18, 2019, 08:40:19 am »
Disclosure - read the initial post and no other comments.

I did receive emails a while back regarding this change. All I know is the last time I went into PayPal to withdraw cash from payments, it asked if I wanted to be able to keep money in there. Of course I do, otherwise you're... going to keep it? I don't recall being asked for new/different information. I have pulled money out at least twice since then and everything seems the same.

countrygirl12

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Re: PayPal
« Reply #36 on: April 18, 2019, 10:41:32 am »
Disclosure - read the initial post and no other comments.

I did receive emails a while back regarding this change. All I know is the last time I went into PayPal to withdraw cash from payments, it asked if I wanted to be able to keep money in there. Of course I do, otherwise you're... going to keep it? I don't recall being asked for new/different information. I have pulled money out at least twice since then and everything seems the same.

Well my deposit from FC went in today and nothing is different. The changes take place May 7th. It IS going to change. I have received several emails. I just do not understand exactly what they mean. They are worded very confusing. I don't get why they cannot just put it in plain English.

ktheodos

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Re: PayPal
« Reply #37 on: April 20, 2019, 05:48:15 am »
I have not had any issues with PayPal

countrygirl12

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Re: PayPal
« Reply #38 on: April 21, 2019, 05:37:02 am »
Send money using balance and Hold a balance

Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

Not really.  Here is my question. Right now I like many of us get paid from more than one site like this one in to PayPal.  I have let money sit in PayPal until I build up a little bit of a balance instead of say for instance a few days ago I was paid $14.67 on another site.  I was letting the money sit in PayPal and had intended to let it sit there until I am paid from this site which will be $30 plus and then transfer it all to my bank account.

From what I understand that will no longer be possible.  You cannot just let money sit in your regular PayPal account.  You need one of these other accounts.  I don't really want to have yet another account.  So when someone sends me money like FC I will now have to "accept the payment" and it auto transfers on to my bank account?

Then I wonder how long do you have to accept a payment because like with FC we do not always know when it is coming.  I guess we will have to wait and see how it all works.

I am understanding better now than I did.  At least I am not the only one confused by the terminology. lol

The one thing I read and I think somebody posted it here too seemed to make me think the "Balance and Hold" account would automatically be set up for you if you do not close your PayPal account so basically nothing is going to change?

I just think these places could do a better job and writing things so people understand what it means. But the legal terms cover them.
Essentially, PayPal is changing the terminology as a result of new federal regulations.

"The CFPBs new rule on prepaid accounts creates comprehensive consumer protections for prepaid accounts. Under the rule you will get clear, upfront information about prepaid account fees so you can know before you choose a card and shop for the best deal.The rule also creates a number of new legal rights for people with prepaid card accounts, including protections in case of errors, loss, or theft."

The whole preloaded cards and digital wallet scenario is still new, but is growing rapidly throughout these short years. By doing it this way, PayPal is protecting you as a user in almost the same way as a credit card. Think of it similar to having a credit card with a cashback option. It's held for you in your account until you direct where you want to use it.

You can use PayPal the same way as you have in the past if you have a PayPal Cash account or PayPal Cash Plus account and hold your balance in these accounts. If you don't then you will still be able to receive money with a personal PayPal account and transfer it to a linked bank account or debit account, but you will not be able to hold and use a balance in your personal PayPal account unless you set up one of the Cash accounts offered.

I don't know if that helped or not.

Not really.  Here is my question. Right now I like many of us get paid from more than one site like this one in to PayPal.  I have let money sit in PayPal until I build up a little bit of a balance instead of say for instance a few days ago I was paid $14.67 on another site.  I was letting the money sit in PayPal and had intended to let it sit there until I am paid from this site which will be $30 plus and then transfer it all to my bank account.

From what I understand that will no longer be possible.  You cannot just let money sit in your regular PayPal account.  You need one of these other accounts.  I don't really want to have yet another account.  So when someone sends me money like FC I will now have to "accept the payment" and it auto transfers on to my bank account?

Then I wonder how long do you have to accept a payment because like with FC we do not always know when it is coming.  I guess we will have to wait and see how it all works.

I am understanding better now than I did.  At least I am not the only one confused by the terminology. lol

The one thing I read and I think somebody posted it here too seemed to make me think the "Balance and Hold" account would automatically be set up for you if you do not close your PayPal account so basically nothing is going to change?

I just think these places could do a better job and writing things so people understand what it means. But the legal terms cover them.



This says you CAN hold a balance!!  Read my post below:

 "Send money using balance and Hold a balance"



Well PayPal says you will NOT be able to keep money in your PP account.  You have to connect ANOTHER PP account to it.  It doesn't matter how may times you use the term "BALANCE AND HOLD" if i do not know what that means.

I guess I will just wait until May 7th and see what happens because apparently nobody else knows either.

countrygirl12

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Re: PayPal
« Reply #39 on: April 21, 2019, 05:38:03 am »
I have not had any issues with PayPal

I have not had any issues with them either. But something big is fixing to change with them and you need to be aware of it.  Takes effect May 7th.

squirrelgirl44

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Re: PayPal
« Reply #40 on: April 23, 2019, 08:27:30 am »
I must have already "accepted" or made whatever change they wanted. When I log in it says nothing about any deadline or anything about not being able to keep funds there.

calendria

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Re: PayPal
« Reply #41 on: April 23, 2019, 09:09:26 am »
I must have already "accepted" or made whatever change they wanted. When I log in it says nothing about any deadline or anything about not being able to keep funds there.

Same here, and I read nothing changes if they can ID you from previous transaction in your account!

teresa3200

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Re: PayPal
« Reply #42 on: April 23, 2019, 11:31:56 am »
I received the email too. I have no clue what they are doing. I figured I would do what I always do and see what happens.

countrygirl12

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Re: PayPal
« Reply #43 on: April 24, 2019, 05:31:04 am »
I must have already "accepted" or made whatever change they wanted. When I log in it says nothing about any deadline or anything about not being able to keep funds there.

If you leave your account open you are accepting the changes.

I received the email too. I have no clue what they are doing. I figured I would do what I always do and see what happens.

That is what I am going to do.  I am going to be sure I have transferred any money before May 7 and then see what happens the first time money is sent to me.  I don't think anybody understands it.

I think there need to be laws passed that state you must explain in plain English the changes that are taking place with any account. Or just with info about any account or anything you are doing. Stop the complicated mumbo jumbo.

ghunter

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Re: PayPal
« Reply #44 on: April 24, 2019, 06:47:23 am »
Have not heard anything about this and I use paypal.

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