My friend alerted me today that he can no longer receive payments in his personal Paypal account unless he adds a US bank account. He then asked me to check by sending a test payment, and I could not receive it either.
Previously, you can still receive payments in Paypal without adding a bank account, but now it seems that they have made it compulsory.
This is really interesting, and kinda stupid at the same time.
People from countries like Malaysia and Indonesia are allowed to open a Paypal account, but they are not allowed to withdraw money from their Paypal accounts to their respective local banks. The only other option then is to add a US bank..
In the past, however, you can still choose not to withdraw from Paypal by spending the money elsewhere or paying another Paypal user. But with this new limitation, it seems like they are not even allowing you to receive payments unless you add a bank account first.
Well ok, sure we can add a US bank account. But Paypal’s terms allows for one business account and one personal account, but they don’t allow 2 accounts to use the same bank account. Therefore if you have 2 accounts, you now need 2 bank accounts as well..
I’m not sure if these changes are just to a few people or all Paypal users. Trust Paypal to do something like this.. Sometimes I really wonder if decisions are made by human beings or some software program over at Paypal headquarters.
Malaysian can refer to this guide to withdraw Paypal in Malaysia. However, I’m certain that if these changes are implemented Paypal is just going to piss off more people.
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