monkfish

This really does suck how low can Thailand go? Unbelievable!!

11 hours ago, Liverpool Lou said:

You're right, there are alternatives. 

Life will carry on here without PayPal Thailand for 99.99% of (ex-)PayPal users!

You are right there are alternatives but for anyone doing online biz Digital and Namods Paypal is still the most accepted and trusted form of payment in the WoRLD. And so quiet important to some people. MAYBE not you though I suspect?

5 hours ago, Liverpool Lou said:

"...just say they are closing our accounts End Off".

That's not what is happening, anyone who bothers to call the Thailand office will be told why it is happening, it's no big secret.  I called yesterday, the rep told me the reason, then I closed my account.

WHY on Earth would you close your account that make no sense just leave it !
Better to make them forcefully close your account then they will have to explain to shareholders why they forcefully closed thousands of accounts in Thailand  for nor reason. Of course remove all cash goes without saying.

I won't be closing my account but I will remove all funds before the 30th November and leave that pleasure to them.

People please don't close your accounts that's Paypal wants just take out all your funds!

This is going to look pretty bad for Paypal especially Paypal Singapore if it makes international news so please lobby as many international news agencies about it as possible.
 

Hello Paypal Singapore my recommendation is to pull out of your deal with Thailand if you feel it breaks your ethical standards. Threatening to pull out will become big News in Thailand and get you a lots of FREE publicity. Because Thailand would loose face they will scramble to find a solution that works very quickly very sorry that's the way things work here so better get used to it if you want to biz here. Just an idea if you read this and don't support discrimination against foreigners which I am very sure is the case.

23 minutes ago, Caldera said:

I don't buy any of that, they're just incompetent. DeeMoney is currently relaunching as "DeeMoney Neo" and - surprise-surprise! - while they do require foreigners to provide an additional Thai ID document, they don't require foreigners to use NDID. And that's just the most recent example, I've been using anything from Line Pay to TrueMoney.

I agree I think it's just the easiest option for Paypal as they won't need to employ someone checking foreigners ID's.

17 minutes ago, rabas said:

NDID is new. You can call the Paypal regional office in the Philippines, who is overseeing this. They will tell you all of the new requirements are coming from the Thai authorities, including the NDID.

 

I have talked to some Paypal reps who were near tears because of what the Thai authorities were doing.

I don't believe any other financial institutions are being forced to use NDID if they are being singled out then they could take legal action.
I don't believe Papal reps would cry over it they just say sorry goodbye.

11 minutes ago, Liverpool Lou said:

"They don't use NDID I presume because they don't want to exclude foreigners and that's a Thai company".

PayPal Thailand is a Thai company, also.

I think you know what I mean.

8 minutes ago, Liverpool Lou said:

The Thailand office will tell you the same also but some  Thaivisa posters just want to bash PayPal, irrationally, for something that's out of PP's hands, for some reason.

If it's so then Paypal should offer an explanation and not just say they are closing our accounts End Off sorry good bye after 10 years. Are Thai authorities forcing NDID on PayPal but not other financial companies no others are forced to use NDID for example Bitcub don't use NDID??

37 minutes ago, Mavideol said:

just in case you didn't know.... my Thai ID card is registered at my bank for the past 8 years and the bank account is/has been linked to pay pal as well

But can you use your pink ID card to sign up for the NDID service National Digital Identity?
According to info I have read they only accept Thai ID's

29 minutes ago, Liverpool Lou said:

Presumably, if it was something that PP could easily do, they'd do it.  The government regs are what's stopping PP offering an alternative to Non-Thais.

Could be but they are under the same regulation as other financial companies I think it's probably just the simplest solution for them. When I registered for a Bitkub account they requested a copy of my Passport and a selfie with the Passport done Realtime with their phone APP so no way to fake plus utility bill. They don't use NDID I presume because they don't want to exclude foreigners and that's a Thai company.

51 minutes ago, Arkady said:

I am wondering what level of domestic business PP can do in Thailand. The number of times I have seen a Thai online merchant accepting PP can be counted on the fingers of mutilated hand. Thai SME vendors also hardly ever accept credit or debit cards.  Everyone transfers the money electronically and sends the slip by LINE. Not protection for scammed buyers but great for vendors with no fees or charge backs. 

 

For e-commerce I would guess that PP has only been used by Thais and foreigners who have credit cards and buy stuff from overseas vendors.  A very small percentage of Thais do this and a large percentage of foreign residents for obvious reasons. While they were offshore, you couldn't link to a Thai bank account. So it was limited to credit cards.  Coming onshore and being able to link to Thai bank accounts, I guess they hope they will be able to penetrate the domestic market.  But it does seem a very long shot.

 

Anyway the share price has been telling us that PP has been going down the tubes for a while.  The only innovation I can see is their compliance with Thai regulations and coming onshore but this is negative as far as I can see. Their market niche for me was largely that they were offshore and not part of the Thai nanny state regulatory environment.

Yes I agree the Paypal business model they are offering in Thailand be attractive for Thai's to adopt as there are already very good payment options available.
 

2 hours ago, Mavideol said:

I registered using my Pink ID Card number and went thru without any trouble, easy peasy

It will probably work with any 13 digit number until they check it.
You can test if it works by trying register for NDID through your Bank for Kbank you can even do it through your Mobile App. But if does work that would be perfect!

2 hours ago, Myran said:

Easier said than done, and we don't know what level of KYC the Thai authorites now demand. And if leaving the accounts in Singapore and still letting them be connected to Thai bank accounts was an option, you can bet your ass they would've done it.

 

PayPal wants as many customers as possible; that's how they make money. They have zero reason to arbitrarily cut people off.

Why not? Accounts are not literally connected they just transfer funds to your account same as Wise or Payoneer.

56 minutes ago, Myran said:

And they are doing this to mess with people or due to the laws and regulations of Thailand? Why aren't they adopting the same policies everywhere if they are so hell-bent on alienating potential customers?

 

Can you really expect PayPal to open offices all over Thailand for ID verification purposes (rather than relying on doing it electronically with a system that Thailand has only made available for Thai people)? How many hoops can they be expected to jump through to service a comparatively small number of expats in Thailand?

 

In your view, is PayPal just arbitrarily messing with people or are there perhaps reasons beyond their control?

They should find a better solution like a copy of the Passport and utility bill or what ever if they want I will get certified by my Embassy if they like.
But I don't think the solution is to close down my account after 10+ years without a single problem.
Best solution would be just leave my account in Singapore.

 

21 minutes ago, cmsally said:

PayPal isn't a bank , it's a company providing financial services (e-commerce company), the laws are different.

A Bank is a company providing financial services.

5 minutes ago, cmsally said:

Paypal Thailand was forced by the Thai govt. to come onshore. As soon as they came onshore they had to abide by the rules set by the Thai govt. In this case I think it might be the Electronic Transactions Act or something similar (something to do with e-commerce regulations).

I believe they are under the same laws as every Bank.

14 minutes ago, Liverpool Lou said:

I do know which regulation, it's the regulation that requires PayPal Thailand account holders to register via the NDID system.   If you need forensic details of it, research it yourself.   If you think that I'm wrong, just say so.

But Paypal are not required by regulation to use the NDID system for ID all they are required to do is verify identity same as a Bank but PayPal has made the choice to use NDID for Identity verification! Note they say we are using NOT we have to use.

From Paypal website.

7) Why does PayPal need me to enroll in NDID?

Financial services providers like PayPal are obliged under Thai law to verify the identity of their customers, which helps us keep PayPal safe for everyone using it.

We are using the National Digital ID (NDID) platform to help us verify the identity of customers seeking to use PayPal Thailand personal accounts (including existing account holders whose accounts will be transferred to PayPal Thailand). As Thailand’s digital identity verification service, NDID will allow us to do so in a standardized, reliable, fast and safe manner. This requirement applies regardless of whether you have linked a Thai bank account to your PayPal account or not.

https://www.paypal.com/th/webapps/mpp/thailand-relaunch-faq?locale.x=en_TH&utm_source=epsilon&utm_campaign=A_OW_EM_AH_HR_NI_NI_202208_182268_Email_for_Opted_in_PPTHConLaunch_Individual_Merchant_TH_en_TH&utm_medium=email

1 minute ago, Liverpool Lou said:

A government regulation is a regulation introduced by the government and is what is causing the changes to PayPal Thailand accounts.   

 

Foreigners do not need Thai ID to open a bank account.

But you don't know which regulation so I guess that's why you don't really answer the question lol.

2 minutes ago, Liverpool Lou said:

No, it's a government regulation, not something dreamed up by PP.

What's a government regulation?
Do foreigners need a Thai ID to open a Thai Bank Account?

16 minutes ago, Myran said:

Are people seriously so mind-numbingly stupid that they think this is PayPals decision? Do you think that they singled out Thailand and said, "Yeah, let's make it harder for people trying to use our service there, but not anywhere else"?

 

Could it be something other than PayPal, forcing them to make these requirements if they want to remain active in any form in the country?

Paypal has made the choice to only accept Thai ID's for proof of identification.

15 minutes ago, Liverpool Lou said:

PayPal haven't said that and PP didn't introduce the regulations.

Which regulation exactly?
PayPal will operating under laws for banks and banks accept Foreign Passport ID's but PayPal will only accept Thai ID's.

I think probably they are doing this to intentionally prevent Digital Nomads coming to Thailand.
Still just over the borders there are no such restrictions.