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New Security Requirements

By Bob

Dear valued PayPal® member,

Due to recent fraudulent transactions, we have issued the following security requirements.

It has come to our attion that 95% of all fraudulent transactions are caused by members using stolen credit cards to purchase or sell non existant items. Thus we require our members to add a Debit/Check card to their billing records as part of our continuing commitment to protect your account and to reduce the instance of fraud on our website. Your Debit/Check card will only be used to identify you. If you could please take 5-10 minutes out of your online experience and renew your records you will not run into any future problems with the PayPal® service. However, failure to confirm your records will result in your account suspension.

Once you have updated your account records your pending PayPal® account transactions will not be interrupted and will continue as normal.

To update your billing records please login to your account by clicking here.

Thank you for your time,
PayPal® Billing Department.

Posted: April 20, 2012 at 11:02 am

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