I
Igorian
About a month ago, I received a letter from paypal, sent to my address, but with a name I didn't recognise and it wasn't for any of the previous owners.
I opened the letter and it was asking for verification of a paypal account. The letter was dated 06/09/06. I called Paypal and advised them that there was no-one of that name at my address and they assured me that the account would not be valid because it wasn't verified and that I had nothing to worry about.
A few days later, I received a credit card statement and I noticed a Paypal transaction debit for £1000, which had nothing to do with me. The transaction was dated 05/09/06.
I obviously stopped the card, but decided to call Paypal to report the incident. I had to fill in a form online to log my dispute, but I was shocked to hear that Paypal will allow up to £1500 to be spent on an unvalidated account!!!!!!
Now, I haven't lost my card or divulged any information. In fact, apart from balance transfers, I have used the card just once, exactly a month before the rogue transaction. I will obviously be following up on this transaction, but thought I would share this experience.
£1500 spending limit on an unvalidated account. How absolutely rediculous.
I opened the letter and it was asking for verification of a paypal account. The letter was dated 06/09/06. I called Paypal and advised them that there was no-one of that name at my address and they assured me that the account would not be valid because it wasn't verified and that I had nothing to worry about.
A few days later, I received a credit card statement and I noticed a Paypal transaction debit for £1000, which had nothing to do with me. The transaction was dated 05/09/06.
I obviously stopped the card, but decided to call Paypal to report the incident. I had to fill in a form online to log my dispute, but I was shocked to hear that Paypal will allow up to £1500 to be spent on an unvalidated account!!!!!!
Now, I haven't lost my card or divulged any information. In fact, apart from balance transfers, I have used the card just once, exactly a month before the rogue transaction. I will obviously be following up on this transaction, but thought I would share this experience.
£1500 spending limit on an unvalidated account. How absolutely rediculous.