Earn 3% on everything using one card -Dead !-

[Anonymous]

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@vV35Hszm wrote:

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@wasCB14 wrote:
+1 LTL

How many used the card or Paypal account exclusively for business? How many businesses were even real? "Backup" was probably not intended to mean "primary" or "exclusive" as a source of funding.

Many of us push the rules in one way or another. My BBP spend, for example, is 80%+ personal.

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I don't think there are any "rules" being pushed here, there's no rules that required a "business" for the PayPal Business Debit card.  I also agree about not having an issiue with. MS, if it's legal it's legal, but that's a topic for another forum.

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You need a Paypal Business account which asks information for the business name, type, and income.   So the intent I think was that there should be a business.  Just not well verified!

[Anonymous]

LTL, CB14, if you think that PayPal would have put a stop to this just as soon had there not been people running thousands of dollars through this setup to buy Visa GCs etc, then we have fundamentally different perspectives. I don't know what kind of moral high ground you guys are referring to - obviously banks and financial institutions screw the little guy all the time, so I have no qualms about getting whatever value you can from their products. I do think it's more of the traffic jam mentality that causes people who do run thousands through this to do what they do: I'm sure the mindset is something like "something this good can't last, thus PayPal will eventually shut it down because it will be abused. Since people are going to abuse it, make a lot of money, and get it shut down, then I'd might as well run as much as I can through it to get as much of the pie as possible before said shutdown." The reason I call this the traffic jam mentality is if everyone would just use it as a general spend card then it wouldn't draw nearly as much attention from the issuers. But of course the counter argument to that falls into the mentality I put in quotes. That's why I think those that were using it to ridiculous proportions should have an account shut down.

@LTL you didn't used to need a business account to get the business debit card, I got mine with a personal PayPal account. They were adjusting this stuff along the way, 'winging it', and now they're just shutting the whole loophole down.

[vV35Hszm]

Just to be clear, there’s NO requirement to have a “business” to have a PayPal Business account or PayPal Business Debit card.

https://www.paypal.com/us/smarthelp/article/how-do-i-request-or-apply-for-the-paypal-business-debit-...

https://www.paypal.com/us/webapps/mpp/referral/paypal-business-account

[wasCB14]

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@vV35Hszm wrote:
Just to be clear, there’s NO requirement to have a “business” to have a PayPal Business account or PayPal Business Debit card.

https://www.paypal.com/us/smarthelp/article/how-do-i-request-or-apply-for-the-paypal-business-debit-...

https://www.paypal.com/us/webapps/mpp/referral/paypal-business-account

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This is from the PayPal User Agreement. PayPal uses bold font for the entire paragraph, but the color change is mine.

By opening up a business account or converting a personal account to a business account, you certify to us that you are using it primarily for a business or commercial purpose.  You also consent to PayPal obtaining your personal and/or business credit report from a credit reporting agency at account opening and whenever we reasonably believe there may be an increased level of risk associated with your business account.

https://www.paypal.com/us/webapps/mpp/ua/useragreement-full?locale.x=en_US

[wasCB14]

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@Anonymous wrote:
LTL, CB14, if you think that PayPal would have put a stop to this just as soon had there not been people running thousands of dollars through this setup to buy Visa GCs etc, then we have fundamentally different perspectives. Perhaps, but keep in mind they may have figured it was not worth their time, or not convenient to customers, to request customer documentation. Many people refuse to provide tax return transcripts to other lenders, and new businesses may have little documentation. They may have honestly wanted business customers as opposed to individuals, figuring that businesses would be higher-spending customers and exceed the backup funding daily cap. I don't know what kind of moral high ground you guys are referring to - obviously banks and financial institutions screw the little guy all the time, so I have no qualms about getting whatever value you can from their products. All I'm saying is that anyone who lied about having a business shouldn't *place all the blame on MSers*. Neither group was using the card as intended. I do think it's more of the traffic jam mentality that causes people who do run thousands through this to do what they do: I'm sure the mindset is something like "something this good can't last, thus PayPal will eventually shut it down because it will be abused. Since people are going to abuse it, make a lot of money, and get it shut down, then I'd might as well run as much as I can through it to get as much of the pie as possible before said shutdown." The reason I call this the traffic jam mentality is if everyone would just use it as a general spend card then it wouldn't draw nearly as much attention from the issuers. But of course the counter argument to that falls into the mentality I put in quotes. That's why I think those that were using it to ridiculous proportions should have an account shut down.

@LTL you didn't used to need a business account to get the business debit card, I got mine with a personal PayPal account. They were adjusting this stuff along the way, 'winging it', and now they're just shutting the whole loophole down.

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[Anonymous]

@wasCB14 and all I'm saying is that the gravy train would likely be going longer if not for the MSers.

[CreditCuriosity]

This thread is coming close to coming to an end.  Will give it the benefit of the doubt for the next several days unless it keeps going down the track it has today.  Thanks for keeping it friendly everyone.

[vV35Hszm]

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@wasCB14 wrote:

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@Anonymous wrote:
 All I'm saying is that anyone who lied about having a business shouldn't *place all the blame on MSers*. Neither group was using the card as intended.

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Again, it did not ever require having a "business" or anyone to lie about having one.

[staticvoidmain]

Has everyone else received the email? I am just wondering if there is a chance I get to keep my setup, and if this is targetted for business account users.  I am still holding on to a premier account.

[Anonymous]

I'm in the same boat, holding onto an old Premier Account.  I did not receive an email, but I'm not holding my breath either...