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QUESTION: How can I verify a Canadian Paypal?

Discussion in 'Making Money' started by Tseng, Oct 9, 2010.

  1. Tseng

    Tseng Regular Member

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    I have a guy in Canada that needs to verify a Paypal acct, I was assuming I could pick up a prepaid credit nFinanse or Vanilla for him at the store and have him put his legit address and info to the card and verify the account with the routing and account number given to him through the automated system..

    But he says there is a "Institution" number and some other 3 digit # you need (I'm not sure if its the 3-digit # on the back of the card) Can anyone with experience with Canadian PP accts or knowledge of this please give me insight.. thx.

    TL;DR:
    - Need to verify Canadian PP Acct
    - What type of prepaid card can I use to do this?
     
  2. d4l1t0s

    d4l1t0s Power Member

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    He can use his bank account to do it
    or he can get a prepaid card from Western Union and a VCC will do too
     
  3. Tseng

    Tseng Regular Member

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    Ok so I can just pick up an nFinanse VCC to do this? Can anyone else confirm?
     
  4. Tseng

    Tseng Regular Member

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    Bump..
     
  5. SingleMom

    SingleMom Newbie

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    Sadly it took me a long time to consider if to respond to this post.

    I can not comment on the OP question "verify a Canadian Paypal?", but only part


    After working in IT for a Canadian Bank - Electronic Fund Transfer. I know for a fact this can be done, I am not sure what the problem of the situation are.



    USA uses Routing - Federal Reserve Routing Symbol + Institution Identifier
    he MICR number is of the form XXXXYYYYC where XXXX is Federal Reserve Routing Symbol, YYYY is ABA Institution Identifier, and C is the Check Digit, while the fraction is of the form:
    PP-YYYY/XXXX



    CANADA - uses Bank Code + Canada Transit Location (zero filled).
    XXXXX-YYY
    where XXXXX is a Branch Number, and YYY is an Institution Number.



    Suggest Calling the Institution and ask for the need numbers .


    SAD BUT CAN NOT POST COMMENTS ...... ON THE FORUM. so I am signing off.
    **** wikipedia link removed, that was used to help ***
    You are NOT allowed to post URLs,


    Good luck hon.









    Routing transit number
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    A routing transit number (RTN) is a nine digit bank code, used in the United States, which appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn. This code was designed to facilitate the sorting, bundling, and shipment of paper checks back to the payer's (check-writer's) account.

    Since 2004, under the Check 21 Act, it is increasingly used in the transmission of electronic copies of the checks, which is much easier and cheaper than sending the paper checks themselves.

    The RTN is also used by Federal Reserve Banks to process Fedwire funds transfers, and by the Automated Clearing House to process direct deposits, bill payments, and other such automated transfers.

    The RTN number is derived from the bank's transit number originated by the American Bankers Association, which designed it in 1910.[1]



    ABA number management

    Since 1911, the American Bankers Association has assigned transit numbers through a series of registrars, currently Accuity.[2] The company is responsible for assigning new ABA numbers. Accuity publishes the ABA Number Directory in the American Bankers Association Key to Routing Numbers semi-annually.

    There are approximately 26,895 active routing and transit numbers currently in use.[3] Every financial institution in the United States has at least one of these. Multiple RTNs may result from mergers; the Fed requires banks to phase these out (to a single surviving RTN per state, or fewer) within about 18 months. Once support for such "old paper" is dropped, customer's checks will "bounce" and be returned unpaid to the merchant or originator.
    [edit] Routing number format
    A check showing the fraction form (top middle-right , 11-3167/1210 plus branch number 01) and MICR form (bottom left, 129131673) of the transit number.

    The ABA transit number appears in two forms on a standard check – the fraction form and the MICR (magnetic ink character recognition) form.[1] Both forms give essentially the same information, though there are slight differences.

    The MICR form is the main form – it is printed in magnetic ink, and is machine-readable; it appears at the bottom left of a check, and consists of nine digits.

    The fraction form was used for manual processing before the invention of the MICR line, and still serves as a backup in check processing should the MICR line become illegible or torn; it generally appears in the upper right part of a check near the date.

    The MICR number is of the form

    XXXXYYYYC

    where XXXX is Federal Reserve Routing Symbol, YYYY is ABA Institution Identifier, and C is the Check Digit, while the fraction is of the form:

    PP-YYYY/XXXX

    where PP is a 1 or 2 digit Prefix, no longer used in processing, but still printed. Sometimes a branch number or the account number are printed below the fraction form; branch number is not used in processing, while the account number is listed in MICR form at the bottom. Further, the Federal Reserve Routing Symbol and ABA Institution Identifier may have fewer than 4 digits in the fraction form. The essential data, shared by both forms, is the Federal Reserve Routing Symbol (XXXX), and the ABA Institution Identifier (YYYY), and these are usually the same in both the fraction form and the MICR, with only the order and format switched (and left-padded with 0s to ensure that they are 4 digits long).

    The prefix and the Federal Reserve Routing Symbol (XXXX) are determined by the bank's geographical location and treatment by the Federal Reserve type, while the remaining data (YYYY, and Branch number, if present) depends on the specific bank, and are unique within a Federal Reserve district.

    In the check depicted above right, the fraction form is 11-3167/1210 (with 01 below it) and MICR form is 129131673 which are analyzed as follows:

    * the prefix 11 corresponds to San Francisco,
    * 3167 (common to both) is the ABA Institution Identifier,
    * 1210 and 1291 are the Federal Reserve Routing Symbols (generally equal, here different probably due to obfuscation, see image file history for more information), with the initial "12" corresponding to the Federal Reserve Bank of San Francisco, the third digits ("1" and "9") corresponding to check processing centers, and the fourth digits ("0" and "1") corresponding to where the bank is located – "0" indicates "in the Federal Reserve city of San Francisco", while "1" indicates "in the state of California".
    * the final "3" in the MICR is the check digit, and
    * the "01" below the fraction form is the branch number.

    In the case of a MICR line that is illegible or torn, the check can be still be processed without the check digit. Typically, a repair strip or sleeve is attached to the check, then a new MICR line is imprinted. Either 021200025 or 0212-0002 (with a hyphen, but no check digit) may be printed, and both are 9 digits. The former (which check digit) is preferred to ensure better accuracy, but requires computing the check digit, while the latter is easily determined by inspection of the fraction, with minimal clerical handling.
    [edit] MICR Routing number format

    The MICR routing number consists of 9 digits:

    XXXXYYYYC

    where XXXX is Federal Reserve Routing Symbol, YYYY is ABA Institution Identifier, and C is the Check Digit.
    [edit] Federal Reserve Routing Symbol

    The Federal Reserve Routing Symbol were originally assigned in the systematic way outlined below, reflecting a bank's geographical location and internal handling by the Federal Reserve. However, the link is today tenuous – following banking consolidation, many banks use a routing number from a now-defunct bank, while the Federal Reserve no longer assigns specific numbers for thrifts, nor does the "check processing facility" have any current meaning, as check processing is now centralized within each Federal Reserve district.[4]


    First two digits

    The first two digits of the nine digit ABA number must be in the ranges 00 through 12, 21 through 32, 61 through 72, or 80.

    The digits are assigned as follows:

    * 00 is used by the United States Government
    * 01 through 12 are the "normal" routing numbers, and correspond to the 12 Federal Reserve Banks. For example, 0260-0959-3 is the routing number for Bank of America incoming wires in New York, with the initial "02" indicating the Federal Reserve Bank of New York.
    * 21 through 32 were assigned only to thrift institutions (e.g. credit unions and savings banks) through 1985, but are no longer assigned (thrifts are assigned normal 01–12 numbers). Currently they are still used by the thrift institutions, or their successors, and correspond to the normal routing number, plus 20. (For example, 2260-7352-3 is the routing number for Grand Adirondack Federal Credit Union in New York, with the initial "22" corresponding to "02" (New York Fed) plus "20" (thrift).)
    * 61 through 72 are special purpose routing numbers designated for use by non-bank payment processors and clearinghouses and are termed Electronic Transaction Identifiers (ETIs), and correspond to the normal routing number, plus 60.


    CANADA

    Canadian transit number

    Canadian transit numbers are regulated by the Canadian Payments Association. A number has the following form:

    XXXXX-YYY

    where XXXXX is a Branch Number, and YYY is an Institution Number. The dash between the branch number and the institution number is an integral part of the transit number. This format is only valid for paper-type transactions such as cheques. For Electronic Fund Transactions (EFT) the current format is a leading zero, the institution number, then the branch number all with no dashes. For example if a cheque reads XXXXX-YYY , the corresponding EFT code would be 0YYYXXXXX.

    As a general rule, Bank institution numbers start with 0, 2, 3, or 6, Credit Union and Caisse Populaire institution numbers start with 8, and Trust Company institution numbers with 5.

    Examples:

    * XXXXX-001 Bank of Montreal
    * XXXXX-002 Bank of Nova Scotia
    * XXXXX-003 Royal Bank of Canada
    * XXXXX-004 Toronto-Dominion Bank (which is the legal name for the bank, although it operates as TD Canada Trust)
    * XXXXX-006 National Bank of Canada
    * XXXXX-010 Canadian Imperial Bank of Commerce (includes President's Choice Financial)
    * XXXXX-016 HSBC Canada
    * XXXXX-030 Canadian Western Bank
    * XXXXX-039 Laurentian Bank of Canada
    * XXXXX-117 Government of Canada (Not listed as a member of the Canadian Payments Association)
    * XXXXX-127 Canada Post (money orders)
    * XXXXX-177 Bank of Canada (Canadian central bank)
    * XXXXX-219 ATB Financial
    * XXXXX-260 Citibank Canada
    * XXXXX-290 UBS Bank (Canada)
    * XXXXX-308 Bank of China (Canada)
    * XXXXX-309 Citizens Bank of Canada (Canada)
    * XXXXX-326 President's Choice Financial (no longer assigned, now shares XXXXX-010 code with CIBC)
    * XXXXX-338 Canadian Tire Bank
    * XXXXX-340 ICICI Bank Canada
    * XXXXX-509 Canada Trust (prior to the merger of TD & Canada Trust)
    * XXXXX-540 Manulife Bank
    * XXXXX-614 ING Direct Canada
    * XXXXX-809 [Central 1 [Credit Union] - BC Region]
    * XXXXX-815 Caisses Desjardins du Qu├ębec
    * XXXXX-819 Caisses populaires Desjardins du Manitoba
    * XXXXX-828 [Central 1 [Credit Union] - ON Region]
    * XXXXX-829 Caisses populaires Desjardins de l'Ontario
    * XXXXX-837 Meridian Credit Union (formerly Hepco)
    * XXXXX-839 Credit Union Heritage (Nova Scotia)
    * XXXXX-865 Caisses populaires Desjardins acadiennes
    * XXXXX-879 Credit Union Central of Manitoba
    * XXXXX-889 Credit Union Central of Saskatchewan
    * XXXXX-899 Credit Union Central Alberta
    * XXXXX-900 ?

    In a Canadian bank transit number, the last digit of the branch number, with few exceptions, indicates the geographical location of the branch.

    Branch numbers ending with:
     
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    Last edited: Oct 9, 2010
  6. d4l1t0s

    d4l1t0s Power Member

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    OK that was too much reading lol
    I m in Canada ! I verified my paypal account with my bank account (RBC)
    Then for some reason I closed that bank Account , I re-verified my bank account with a VCC for 3 Months ... Then I added a New bank account (BMO) and it was verified again
    And Now it s linked to a prepaied Wetern Union Credit Card and My BMO account.
    Everything works just fine , I receive payments into my paypal , I send payements, I send money to my bank account and Never had a problem . :)
     
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  7. ch8878

    ch8878 Elite Member

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    How many Wetern Union Credit Card can you get ?
     
  8. d4l1t0s

    d4l1t0s Power Member

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    I have no idea , but I dont think you can get more than one , because they ask for two pieces of ID ...
     
    Last edited: Oct 10, 2010
  9. ch8878

    ch8878 Elite Member

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    Ya, well I know walmart has pre paid cards but I dont know if they work or not.
     
  10. Tseng

    Tseng Regular Member

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    thanks to all who provided feedback, especially singlemom<3