What PayPal does not tell you even if you ask before establishing an account with them:
1) PayPal NEVER removes your payment information from their database NOT EVEN if you
Close the account. Your Credit Card number (or banking information) will remain on their
Database FOREVER. Removing it from an account before closing it merely prevents it from
Being used to make purchases that you authorize through PayPal.
2) PayPal can (and does) use this stored payment data to EVENTUALLY block' your Credit
Card from being linked to a new PayPal account. Theoretically this is helpful if your PayPal
Account is in open' status and someone tries to link it to their PayPal account also
Because this probably means it has been stolen - and PayPal is protecting us.
But, I think, it is not since the block' does NOT happen quickly enough to protect anyone.
I. e. PayPal did not block' my Credit Card until I had opened 10 accounts (closed the 1st
Nine) - over 4 years time - (only the 10th would have been active). If this meant my card
Had been stolen, I could have been wiped out long BEFORE PayPal blocked' it.
3) And this PayPal block will also SEVERLY limit your online purchasing ability. The
Blocked' Credit Card can not be used to make any and ALL online purchases from any
Online merchant who merely accepts PayPal even if you are entering that Credit Card
Number directly and not through PayPal.
PLEASE NOTE THIS:
Once PayPal blocks' a credit card number they block' it FOREVER.
And not even PayPal's Customer Service folks can reverse the block'.