Announcement

Collapse
No announcement yet.

Instant Bank Account Verification - can create issue when account names do not match?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Instant Bank Account Verification - can create issue when account names do not match?

    Greetings - Is there any danger of using the instant bank/savings account verification process if the name on the paypal account differs from the name on the Bank Account ?

    Thanks in advance.

    MrStealth

  • #2
    Well the issue has to do with when the money starts coming in - some banks do not care, some do. But the instant verification simply verifies the username and password nothing else, so that will not create a problem.
    Please read the forum rules before you post.

    And if you need extra help:
    Modee Tech Support

    Comment


    • #3
      Originally posted by Modee View Post
      Well the issue has to do with when the money starts coming in - some banks do not care, some do. But the instant verification simply verifies the username and password nothing else, so that will not create a problem.
      I don't think this is true. It verifies the username and password, but as well I think it verifies the bank account and routing number. Do you have any thoughts on this?

      Comment


      • #4
        The question was whether the instant verification verifies the account name holder on the bank account - the answer is, No.

        However on down the line, this can happen:
        PayPal + other card processors sharing Info + Account NAME with ING, and other banks - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited

        You must provide the bank account # and routing # to PayPal in order to confirm your PayPal account and receive payments. At the end of the day what confirms your PayPal is this account # and routing # belonging to a bank account over which you can confirm dominion and control. One way to confirm dominion and control is via this instant online verification - but the information PP NEEDS as well remains your bank account # and routing #.
        Please read the forum rules before you post.

        And if you need extra help:
        Modee Tech Support

        Comment

        Working...
        X