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Facebook modifies PayPal direct deposit policy for new developers

Tuesday 29 January 2013 00:49 CET | News

Facebook has modified PayPal’s direct deposit policy for new developers in several countries.

Following the change, new developers are required to show extra levels of authentication, such as photo IDs or incorporation papers in order to be paid direct deposit.

According to online media outlet TechCrunch, the new policy will help Facebook mitigate risk on payments to new developers and make the platform more reliable. The newly implemented regulations are in line with what the company usually asks of developers who wish to be paid directly.

The aimed countries include Argentina, Australia, Brazil, China, Guadeloupe, India, Indonesia, Israel, Japan, Malaysia, Mexico, New Zealand, Norway, Philippines, South Korea, Switzerland, Taiwan, Thailand, Turkey, and the French regions of Guiana, Martinique and Reunion.

New developers in the US, Canada, the UK, Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Luxembourg, Netherlands, Poland, Portugal, Singapore, Slovakia, Spain and Sweden will not be affected by these changes.

Current Facebook developers will also not be affected by the changes.


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Keywords: Facebook, PayPal, risk, iD, authentications
Categories: Fraud & Financial Crime
Companies:
Countries: World
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Fraud & Financial Crime






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