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[Paypal] EU regulations require your attention

Discussion in 'BlackHat Lounge' started by HoNeYBiRD, Dec 13, 2011.

  1. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    I received this email from Paypal, seems to be legit, it came from [email protected]:


    [email protected]-----
    Update account information
    ----------------------------------------------------------------------



    Need information to comply with EU regulations

    Hello ........,

    EU regulations require that we collect and confirm some of your account
    information. Please complete this by 3/11/2012. If you don't do so in time,
    PayPal is required by law to limit access to your account.

    -----------------------------------------------------------------------

    What should I do?

    -----------------------------------------------------------------------

    The next time you log in to your PayPal account you’ll be guided through
    a process to collect the necessary information.

    -----------------------------------------------------------------------

    Why is this required?

    -----------------------------------------------------------------------

    EU law requires financial services firms like PayPal to confirm the
    identity
    of all customers to provide a safer platform for its users and to help
    prevent
    the illegal use of its services. Thank you for your cooperation.

    Sincerely,
    PayPal

    ----------------------------------------------------------------------
    Help Center:
    https://www.paypal.com/hu/cgi-bin/helpweb?cmd=_help
    Security Center:
    https://www.paypal.com/hu/security

    Copyright © 2011 PayPal. All rights reserved.

    PayPal (Europe) S.à r.l.et Cie, S.C.A.
    Société en Commandite par Actions
    Registered office: 22-24 Boulevard Royal, L-2449 Luxemburg
    RCS Luxemburg B 118 349



    But when i log into Paypal there's no guidelines what is needed to be done, there' still a few months to do it tho according to what they wrote in the email.

    Did anybody receive this letter as well?
     
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  2. boom1

    boom1 BANNED BANNED

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    if it is a requirement they normally force you through the process when you sign in, maybe they will do that in the new year
     
  3. dryheat360

    dryheat360 Regular Member

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    Copy and paste the paypal link into your address bar. If you click a link in an email it can be a rogue link thats cloaked. It almost happened to me before but I figured it out. I visited the url manually and the page didnt have any relevant info. I would call them to double check.
     
  4. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    idk what they want more, photo ID and proof of address was already submitted

    or this confirmation process was already done by submitting photo ID and proof of address (maybe that's why there wasn't any guidelines when i logged into my Paypal) and they sent out this email to every EU Paypal account holders regardless the status of their account (verified or non-verified)

    or i can also imagine it has something to do with taxes and we'll be required to submit the VAT number just like US residents are required to submit their SSN
     
  5. mungus

    mungus Regular Member

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    It's BS mate, stay well clear, as the guy above said, Paypal would force you to do such a thing only when you have already logged in. They would NEVER request info by email.
     
  6. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    they asked for nothing in the email if you read it carefully
    all the 2 links are going to where they should (help center and security center)

    i received it in my gmail and there's the usual key symbol next to the sender when you receive an email from trusted source

    so i call this legit
     
  7. dryheat360

    dryheat360 Regular Member

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    As I said, copy/paste the links in to the address bar rather than click. If you do that and they go to the same place, ok great- give em what they want. If your hesitant, call and ask
     
  8. adeelm3um

    adeelm3um Newbie

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    Strict procedures, you have to be very careful whilst using your account. You should call them and clear this out.
     
  9. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    all is well, i figured it out

    i googled and i found that this warning email has something to do with the total amount you received, if you hit the limit defined by Paypal (1.900 GBP), you need to do further verification/re-verification:
    HTML:
    https://www.paypal-community.com/t5/Account-limits-and-verification/Update-account-information-EU-regulations/td-p/279802?profile.language=en-gb
    http://dropshipforum.co.uk/viewtopic.php?t=23613
    "Hey there, the warning you are referring to is the “EU Receiving limitation/warning”. Basically once you receive in or around £1900 through your account. We are then obliged by EU regulation (it’s an Anti-Fraud measure) to re-verify your information. We often give warnings on the account before you reach the limit as it allows you time to complete the steps and so not have to become limited. We require confirmation of finances, location and your dealings on eBay/PayPal." - PayPal_barry (moderator on Paypal UK Community forum)