VMI Card and other Debit Card Warnings for PAYPAL

I received a note from PayPal Security Dept in Singapore pertaining MALAYSIAN and Other Users abusing the VIRTUAL MONEY INTERNATIONAL Cards by circumventing the requirement of identification. This includes cards issued by Brand Names like VMI and ACCENT / ACCEND (the likes) which are based and tagged to accounts in the United States.

PAYPAL States that Virtual Money Debit cards are no longer accepted to be used to FUND and ACTIVATE WITHDRAWAL PROCESS. In other words, your SOUTHWEST BANK or TOMATO BANK *(ACCEND Visa) can no LONGER BE USED to withdraw funds to.

So, scrap that Maestro Debit cards, and go for the full account. As of yesterday, PAYPAL still accepts FULL BROKERAGE ACCOUNT by E*Trade as you can ACH DEBIT the funds from that account aka E-Check Option. However, E*Trade has stopped accepting applications from MALAYSIA and divert these accounts to a HONG KONG BASED ACCOUNT instead, not a US-DOLLAR, US ACH Based.

Current Account Holders who passed the Verification Process Step 4 are exempted. Company Accounts too are exempted.

So, it’s tuff times to you guys.

As per the Directives by HMCE, I cannot accept funds without any proof of identification and original proof of funds origins for people based in the Far East. Sorry Folks! The law is getting tougher now.

I’ll update you guys soon.