Paypal's new policies

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Nov 12, 2007
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Don't know if there is a better section for this, but figured it was important and more eyes would get on the topic if it was in this section. Paypal has just changed their policies where if you want to use their services including to buy, sell, or even more funds from your paypal account to your bank account you need to give them your social security number and your date of birth. Is that not excessive for the product that they offer? Their reasoning is that they need to verify that it is really you who is using your account.
 
I haven't gotten any e-mails from paypal requesting this information and I just used a little while ago. Not saying it's not true but it hasn't affected me yet. I would be more worried about paypal getting hacked and having that information stolen, seems like it puts me more at risk for identity theft.
 
Bfishes333 said:
I haven't gotten any e-mails from paypal requesting this information and I just used a little while ago. Not saying it's not true but it hasn't affected me yet. I would be more worried about paypal getting hacked and having that information stolen, seems like it puts me more at risk for identity theft.
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I received the email a few hours ago, and then when I logged in just now there is a notification alert in the top right corner. It wants you to confirm the last four of your social security number or your tax identification number, AND your full date of birth. It says without it, that at the end of January 2019 you won't be able to use their services any longer. Pretty off-putting stuff.
 
same here just used paypal to get something and recieved no messages from them.You might question your info so someone does not get your ss#
 
Suspicious emails
“Phishing” is an illegal attempt to "fish" for your private, sensitive data. One of the most common phishing scams involves sending an email that fraudulently claims to be from a well-known company (like PayPal). If you believe you've received a phishing email, follow these steps right away:
Forward the entire email to spoof@paypal.com.
Do not alter the subject line or forward the message as an attachment.
Delete the suspicious email from your inbox.
We'll look into it and email you a response to let you know if it is indeed fraudulent. In the meantime, don't click any links or download any attachments within the suspicious email.
Learn more about phishing
 
I got a spam phishing email from "paypal" earlier today. Didn't open the email though.
 
minimize said:
Don't know if there is a better section for this, but figured it was important and more eyes would get on the topic if it was in this section. Paypal has just changed their policies where if you want to use their services including to buy, sell, or even more funds from your paypal account to your bank account you need to give them your social security number and your date of birth. Is that not excessive for the product that they offer? Their reasoning is that they need to verify that it is really you who is using your account.
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I have not been notified of that. Am I surprised, No.

To renew your license here in MA you now need to provide S.S. card, birth certificate, a bill with mailing envelope and maybe more!!! It's driving people nuts.
 
minimize said:
Don't know if there is a better section for this, but figured it was important and more eyes would get on the topic if it was in this section. Paypal has just changed their policies where if you want to use their services including to buy, sell, or even more funds from your paypal account to your bank account you need to give them your social security number and your date of birth. Is that not excessive for the product that they offer? Their reasoning is that they need to verify that it is really you who is using your account.
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Change your PayPal password immediately, call PP support and ask for a monitoring of your activity for the next 48 hours. You got a very typical phishing scam. Did you use the link from the email to go to the PayPal site? Did you check the web address in the browser?

be careful...

just my 5c
 
PayPal will never ask for any personal information in an email. Never click on any link in any email, or cut and paste either for that matter. The full email header will reveal the actual email address being used by the sender. I'd change my password immediately and also set up two factor authentication.
 
The only thing of that nature I've seen wanted DOB and social security number if I wanted to maintain a balance. I didn't provide it, and with every subsequent sale I've been advised of my options for getting the money. Fine with me.
 
I haven't been informed of or asked for any of that and I've been using PayPal the last several days regularly.
 
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