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- As a result of a new regulation issued by the Consumer Financial Protection Bureau in Washington, D.C. coming into effect on April 1, 2019, we are making some changes that will affect consumers who want to hold and use balance with PayPal.
- Beginning March 29, 2019, if you want to hold and use balance, in addition to verifying your identity with PayPal, you will need a balance account which will be linked to your current PayPal account. Detailed information about balance accounts (known as PayPal Cash and PayPal Cash Plus) can be found in the PayPal Cash and PayPal Cash Plus Terms and Conditions.
What it means, essentially, is that PayPal will become more difficult to use, and to withdraw funds from, as they close loopholes to prevent stealth accounts from being used to transfer money around.
Fortunately, eBay is moving away from Paypal entirely
eBay Managed Payments - transition away from PayPal transition away from integrated credit card payments March 1, 2019 - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited
and Modee has already developed a way to add an eBay Managed payments account even to a stealth eBay:
What is the Short List? - Modee One on One Tech Support - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited