Chaos wrote:notorial dissent wrote:It used to be that they would do a test run of .01¢ to validate ACH, but I'm not even sure they do that anymore
Some banks still do this. they will send, then remove 2 random amounts, say one for .06 and another for .20. you get an email telling you to enter the 2 amounts sent/removed into their site to verify.
This is still, apparently, the process on the US side of Paypal. The UK side is a bit different:
For security purposes or as part of getting verified you may be asked to add your bank account to your PayPal account and confirm that you're the owner of that bank account.
To confirm your bank account:
- Go to Wallet.
- Select the bank account to confirm and click Confirm.
- Click Continue, then review and submit the Direct Debit details. (If the bank account is a business account or more than one person is required to authorise debits, you must print and sign a paper Bank Funding Instruction and post it to the address provided.)
We'll deposit 1p in your bank account. You'll find a 4-digit code next to the 1p deposit on your statement. This should appear in your bank account within the next few minutes, but may take up to two hours, depending on your bank.
When you know the 4-digit code:
If the bank account is for a business or more than one person is required to authorise debits, you must print and sign a paper Bank Funding Instruction and post it to the address provided on-screen.
- Go to Wallet.
- Click Unconfirmed next to the bank account to confirm.
- Enter the 4-digit code and click Confirm. (You can make 3 attempts.)
So, for all the people just guessing at sort & account codes, even if they happen on a valid set, in at least some cases Paypal will still want verification that they have access to the account. It troubles me a bit that they don't clearly seem to do this as a routine matter—though perhaps that depends on whether the Paypal account has some other validated funding source associated to it, as, if it does, then Paypal can still get their money even if the attempted bank withdrawal fails. Say, if the actual account owner files an (ironic, with this gang) DD clawback.