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A comment on If you opened your PayPal account before you were 18, close it. Parent comment

Re:If you opened your PayPal account before you were 18, clo... by _wmd on Saturday April 29, 2017 @09:59PM (#14229786)
The same is true in the UK, a direct debit instruction can be setup on an account using just the name, number and sort code, but it doesn't make us more wary, much in the same way that supplying one's home address is enough to take out lines of credit in that person's name
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Re:If you opened your PayPal account before you were 18, clo... by cerved on Sunday April 30, 2017 @04:25AM (#14230656)
This sounds incredibly insecure, is it exploited much?
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Re:If you opened your PayPal account before you were 18, clo... by stordoff on Sunday April 30, 2017 @10:12AM (#14231576)
It's difficult to exploit Direct Debits, as you are entitled to a full and immediate refund: https://www.directdebit.co.uk/DirectDebitExplained/pages/dir...
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Re:If you opened your PayPal account before you were 18, clo... by rmc on Tuesday May 02, 2017 @05:05AM (#14245009)
As far as I know, the ability to use direct debits is not given to everyone. You can't just start making direct debits just because you have a bank account.
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Re:If you opened your PayPal account before you were 18, clo... by zAy0LfpBZLC8mAC on Sunday April 30, 2017 @07:17AM (#14231014)
My guess is that it's the same as elsewhere in the EU: Your bank will reverse the charge if you ask it to, the risk stays almost entirely with the payee/the payee's bank.
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Re:If you opened your PayPal account before you were 18, clo... by the-dude on Sunday April 30, 2017 @10:14AM (#14231589)
To do this, your business requires permission from your bank. If you abuse it, your bank will probably revoke your permission.
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