Hypothetical PayPal Smart Connect question

[Anonymous]

This thought crossed my mind today and was wondering if anybody has experience with this or knows the answer:

Everybody knows that the PayPal Smart Connect line of credit is linked to your PayPal account. Also, you can get the PayPal Debit Card and link it to your Smart Connect line of credit.

So the hypothethical question: most of you MIGHT have heard some of the horror strories regarding PayPal limited/restricting PayPal accounts for what amounts to no reason. In theory, were that to happy - your PayPal account being suspended/limited/resitricted (whatever term you want to use), how does that affect your PayPal Smart Connect line of credit???

While your PayPal account is, well, by PayPal and the PPSC line of credit is from GECRB both are still pretty intertwined despite being offered by two different companies. 

Anybody got a fact based theory or educated guess as to what would happen in this hypothetical scenario??

[Anonymous]

Oh hey! I'm answering my own question!

Here's the answer: If your PayPal account is limited, frozen, suspended or otherwise not in good standing, kiss your PayPal Smart Connect line of credit bye-bye.

I found the answer here:

https://www.paypal.com/cgi-bin/webscr?cmd=_bc-bcsweb-print-tandc&application_type=normal&application...

"PayPal Account. You are not required to apply and/or have a Smart Connect Account in order to have a PayPal Account, but you must have a PayPal Account in good standing in order to apply and/or have a Smart Connect Account. If your PayPal Account is suspended, limited or closed for any reason, including but not limited to, a breach of any of the terms of the PayPal Account user agreement, then you understand that you will not be able to use this Smart Connect Account. In addition, if you are in default under this Agreement, then your PayPal Account may be suspended or canceled at PayPal, Inc.’s sole discretion."

So that says that you will NOT be able to use your Smart Connect Account even though it's issued by GECRB - so in effect you'd have a line of credit that would remain open but you wouldn't be able to use it at all.

I don't know how many people here have PPSC accounts, but if you do, I'm surprised that many of you weren't curious enough to see what would occur in the situation that I've outlined. I hope it doesn't happen to me or anybody else here, but it's something to think about and be ready for IN CASE it happens.

[eddie84]

Thanks for the info.  It's good to know since I also have the PPSC linked with my PayPal account. 

[Odiseous]

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@Anonymous wrote:

Oh hey! I'm answering my own question!

Here's the answer: If your PayPal account is limited, frozen, suspended or otherwise not in good standing, kiss your PayPal Smart Connect line of credit bye-bye.

I found the answer here:

https://www.paypal.com/cgi-bin/webscr?cmd=_bc-bcsweb-print-tandc&application_type=normal&application_product_type=dual_card&dual_card_application_type=0

"PayPal Account. You are not required to apply and/or have a Smart Connect Account in order to have a PayPal Account, but you must have a PayPal Account in good standing in order to apply and/or have a Smart Connect Account. If your PayPal Account is suspended, limited or closed for any reason, including but not limited to, a breach of any of the terms of the PayPal Account user agreement, then you understand that you will not be able to use this Smart Connect Account. In addition, if you are in default under this Agreement, then your PayPal Account may be suspended or canceled at PayPal, Inc.’s sole discretion."

So that says that you will NOT be able to use your Smart Connect Account even though it's issued by GECRB - so in effect you'd have a line of credit that would remain open but you wouldn't be able to use it at all.

I don't know how many people here have PPSC accounts, but if you do, I'm surprised that many of you weren't curious enough to see what would occur in the situation that I've outlined. I hope it doesn't happen to me or anybody else here, but it's something to think about and be ready for IN CASE it happens.

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Some people don't even consider that having their PayPal accounts suspended, limited, or closed is something that would likely occur. 

There are some things that you should definitely prepare for. For example, preparing a will, in case of death (which will occur at some point). 

There are other things that *might* happen, but don't warrant much thought. For example: Zimbabwe may become a nuclear power, and wipe the rest of the world off the planet. 

[Anonymous]

"Some people don't even consider that having their PayPal accounts suspended, limited, or closed is something that would likely occur."

Some people don't even consider that Amex will conduct a finanical review on them as something that would likely occur...

Some people don't even consider that Barclay's will lower a line of credit for no logical reason...

Some people don't even consider that getting out of bed this morning might be the day they get into a car accident 25 feet from their home...

Some people don't even consider that their going to loose their job today and be unable to pay their bills...

Yeah, there's lots of stuff that people don't even consider will happen...until it happens to them.

Unlike some 3rd World African nation going nuclear, the likelyhood of a PayPal account getting suspended, restricted or frozen - for no apparent logical reason - actually resides in the moderate realm of statistical probability. And if there's a chance that me simply logging in to my PayPal account from the wrong IP address will cause me to loose my PayPal Smart Connect account due to the fact that PayPal's system just restricted my account, I kinda want to have some knowledge in place just in case that happens...

Just like I kinda want to pay for different types of insurance each month IF my house burns down, IF I or my family get into an accident, IF my house gets broken into and cleaned out. You know, stuff that some people don't even consider cause it only *might* happen...

[09Lexie]

Good morning everyone!

@unusuallyconfused

Thanks for the info AND answering your own question.

[Odiseous]

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@Anonymous wrote:

"Some people don't even consider that having their PayPal accounts suspended, limited, or closed is something that would likely occur."

Some people don't even consider that Amex will conduct a finanical review on them as something that would likely occur...

Some people don't even consider that Barclay's will lower a line of credit for no logical reason...

Some people don't even consider that getting out of bed this morning might be the day they get into a car accident 25 feet from their home...

Some people don't even consider that their going to loose their job today and be unable to pay their bills...

Yeah, there's lots of stuff that people don't even consider will happen...until it happens to them.

Unlike some 3rd World African nation going nuclear, the likelyhood of a PayPal account getting suspended, restricted or frozen - for no apparent logical reason - actually resides in the moderate realm of statistical probability. And if there's a chance that me simply logging in to my PayPal account from the wrong IP address will cause me to loose my PayPal Smart Connect account due to the fact that PayPal's system just restricted my account, I kinda want to have some knowledge in place just in case that happens...

Just like I kinda want to pay for different types of insurance each month IF my house burns down, IF I or my family get into an accident, IF my house gets broken into and cleaned out. You know, stuff that some people don't even consider cause it only *might* happen...

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With all due respect: Everything you've mentioned falls within *some* realm of statistical probability. As did both of my scenarios.

I see you have even included my scenario of dying, in your list of "What Ifs" .

My point was: You shouldn't be "surprised" that some people don't give much thought to their PPSC accounts "potentially" being unnacessable, for (whatever) reason.

Some of us simply prioritize what we waste our time being paranoid about. For example: I waste my paranoid time worrying about making sure I wake up in time to make it to work on time. To me, that's much more important than my PPSC account becoming somehow unnaccessable.

I'm glad to hear that you are passionate about your PPSC account. it's an effective way to build/repair credit.

Please take a deep breath, and calm down.

Take this as a lesson learned. The next time you are going to do anything out of the ordinary (such as logging into an account from a location different than normal, that, is tied to a something regarding a finincial insitution), call them first.

When it comes to credit, the addage of "better to ask for forginess, than to ask permission" does not apply.

[taxi818]

I also have it linked. which i believe most people do. but i would never do anything adverse anyway. so i would never worry of that.

The worst they can say is ive not used that account in months. Down to the last 200 bucks. as i want to close it as soon as it is paided off.

[taxi818]

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@Odiseous wrote:

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@Anonymous wrote:

"Some people don't even consider that having their PayPal accounts suspended, limited, or closed is something that would likely occur."

Some people don't even consider that Amex will conduct a finanical review on them as something that would likely occur...

Some people don't even consider that Barclay's will lower a line of credit for no logical reason...

Some people don't even consider that getting out of bed this morning might be the day they get into a car accident 25 feet from their home...

Some people don't even consider that their going to loose their job today and be unable to pay their bills...

Yeah, there's lots of stuff that people don't even consider will happen...until it happens to them.

Unlike some 3rd World African nation going nuclear, the likelyhood of a PayPal account getting suspended, restricted or frozen - for no apparent logical reason - actually resides in the moderate realm of statistical probability. And if there's a chance that me simply logging in to my PayPal account from the wrong IP address will cause me to loose my PayPal Smart Connect account due to the fact that PayPal's system just restricted my account, I kinda want to have some knowledge in place just in case that happens...

Just like I kinda want to pay for different types of insurance each month IF my house burns down, IF I or my family get into an accident, IF my house gets broken into and cleaned out. You know, stuff that some people don't even consider cause it only *might* happen...

---

With all due respect: Everything you've mentioned falls within *some* realm of statistical probability. As did both of my scenarios.

I see you have even included my scenario of dying, in your list of "What Ifs" .

My point was: You shouldn't be "surprised" that some people don't give much thought to their PPSC accounts "potentially" being unnacessable, for (whatever) reason.

Some of us simply prioritize what we waste our time being paranoid about. For example: I waste my paranoid time worrying about making sure I wake up in time to make it to work on time. To me, that's much more important than my PPSC account becoming somehow unnaccessable.

I'm glad to hear that you are passionate about your PPSC account. it's an effective way to build/repair credit.

Please take a deep breath, and calm down.

Take this as a lesson learned. The next time you are going to do anything out of the ordinary (such as logging into an account from a location different than normal, that, is tied to a something regarding a finincial insitution), call them first.

When it comes to credit, the addage of "better to ask for forginess, than to ask permission" does not apply.

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Roflmao

If they shut it down. Good Riddance.