[CrashTestDummy]

So, my wife's had a paypal account for several years, now. She's used it to buy stuff online and even let me use it to buy car parts from people with paypal accounts. It IS convenient. She pays the bill through a credit card she set up to pay for it through. Always paid the bill, no problems there.

Now, after many years of use, we've reached a 'spending limit' of $10,000, and can make no more purchases unless we 'get verified' by:

1. providing paypal with bank account information so they can deposit money in it and she sends it back, or
2. getting a paypal credit card.

WTF?!?!

Item no. 1 sounds like every ebay money order scam we've all read about, and we don't need another freaking credit card. Why the hell does she _now_ need to be verified after using their services trouble-free all these years? We WON'T be providing them with any bank account information, and DON'T need another credit card.

Are there any solutions, or do I go back to sending the seller a check and waiting for it to clear like I used to? This sux, IMHO!

[StanIROCZ]

They want your bank account because it is cheaper for them to draw money from there than a credit card. If you notice they don't insist, but strongly try to pursuade you to use your bank account for payments rather than cc.

Ive never been burnt but it has always pissed me off that ebay/paypal seems to be the only player for online auctions and payment system, and they make a ton of money for doing nothing but facilitating a website, more or less. Think about it 2.9%? It seams like some competition could put that in check.